๐๐ฌ๐ฃ๐ ๐จ๐ฃ ๐ข๐ฅ ๐๐ข๐ช๐ก?
My call: DOWN.
HYPE just got rejected near the $98 ATH and the short-term structure has started weakening.
The level Iโm watching is $92.65.
Thatโs the 23.6% Fib retracement from the recent $75.19 โ $98.04 move. If HYPE loses that level, the next technical area is around $89.30.
Momentum is backing the setup too: RSI has cooled below 50 and MACD has crossed bearish, while HYPE is trading below several short-term moving averages.
Yes, the bigger trend is still strong.
But for todayโs market, Iโm more interested in the immediate momentum than the long-term trend.
Call: DOWN.
Market: HYPE Up or Downโ September 24
Check it out here: https://t.co/9pFmx2sRE9
๐๐ฌ๐ฃ๐ ๐จ๐ฃ ๐ข๐ฅ ๐๐ข๐ช๐ก?
My call: DOWN.
HYPE just got rejected near the $98 ATH and the short-term structure has started weakening.
The level Iโm watching is $92.65.
Thatโs the 23.6% Fib retracement from the recent $75.19 โ $98.04 move. If HYPE loses that level, the next technical area is around $89.30.
Momentum is backing the setup too: RSI has cooled below 50 and MACD has crossed bearish, while HYPE is trading below several short-term moving averages.
Yes, the bigger trend is still strong.
But for todayโs market, Iโm more interested in the immediate momentum than the long-term trend.
Call: DOWN.
Market: HYPE Up or Downโ September 24
Check it out here: https://t.co/9pFmx2sRE9
๐๐ฌ๐ฃ๐ ๐จ๐ฃ ๐ข๐ฅ ๐๐ข๐ช๐ก?
My call: DOWN.
HYPE just got rejected near the $98 ATH and the short-term structure has started weakening.
The level Iโm watching is $92.65.
Thatโs the 23.6% Fib retracement from the recent $75.19 โ $98.04 move. If HYPE loses that level, the next technical area is around $89.30.
Momentum is backing the setup too: RSI has cooled below 50 and MACD has crossed bearish, while HYPE is trading below several short-term moving averages.
Yes, the bigger trend is still strong.
But for todayโs market, Iโm more interested in the immediate momentum than the long-term trend.
Call: DOWN.
Market: HYPE Up or Downโ September 24
Check it out here: https://t.co/9pFmx2sRE9
๐๐ฌ๐ฃ๐ ๐จ๐ฃ ๐ข๐ฅ ๐๐ข๐ช๐ก?
My call: DOWN.
HYPE just got rejected near the $98 ATH and the short-term structure has started weakening.
The level Iโm watching is $92.65.
Thatโs the 23.6% Fib retracement from the recent $75.19 โ $98.04 move. If HYPE loses that level, the next technical area is around $89.30.
Momentum is backing the setup too: RSI has cooled below 50 and MACD has crossed bearish, while HYPE is trading below several short-term moving averages.
Yes, the bigger trend is still strong.
But for todayโs market, Iโm more interested in the immediate momentum than the long-term trend.
Call: DOWN.
Market: HYPE Up or Downโ September 24
Check it out here: https://t.co/9pFmx2sRE9