HUYA – Multi Time Frame Technical Analysis
On the daily time frame, HUYA has broken out to the upside from a triangular structure formed after a prolonged price compression phase. The breakout above the main descending trendline occurred with increasing volume, indicating genuine market participation.
After the breakout, price performed a technical pullback toward the former trendline, which successfully acted as dynamic support. The retest was accompanied by a clear rejection of lower prices and consistent volume, confirming the validity of the breakout.
On the hourly time frame, the structure remains bullish, with higher highs and higher lows. During the most recent sessions (January 23), price moved sideways within a tight range while maintaining relatively strong volume. This behavior suggests an absorption phase of selling pressure rather than distribution.
From a technical perspective, the 3.55–3.60 area represents the immediate resistance, while the 4.00–4.20 zone is a more significant static resistance. Only a decisive breakout above these levels, supported by range expansion and increasing volume, would open the door for a continuation of the bullish move.
On the downside, the key support remains the 3.20–3.00 area. A clear break below this level would invalidate the short-term bullish scenario, while the broader daily structure would remain intact.
Summary
Overall bias: Bullish
Current scenario: Accumulation phase below resistance
Bullish confirmation: Above 3.60
Short-term invalidation: Below 3.00
Disclaimer
The information shared in this analysis is provided for educational and informational purposes only. It does not constitute investment advice, financial advice, or a solicitation to buy or sell any financial instrument.
The content published on TradingView is not prohibited, is created in compliance with TradingView’s community guidelines, and is not intended exclusively for qualified or professional investors.
Each reader is solely responsible for their own investment decisions and risk management
On the daily time frame, HUYA has broken out to the upside from a triangular structure formed after a prolonged price compression phase. The breakout above the main descending trendline occurred with increasing volume, indicating genuine market participation.
After the breakout, price performed a technical pullback toward the former trendline, which successfully acted as dynamic support. The retest was accompanied by a clear rejection of lower prices and consistent volume, confirming the validity of the breakout.
On the hourly time frame, the structure remains bullish, with higher highs and higher lows. During the most recent sessions (January 23), price moved sideways within a tight range while maintaining relatively strong volume. This behavior suggests an absorption phase of selling pressure rather than distribution.
From a technical perspective, the 3.55–3.60 area represents the immediate resistance, while the 4.00–4.20 zone is a more significant static resistance. Only a decisive breakout above these levels, supported by range expansion and increasing volume, would open the door for a continuation of the bullish move.
On the downside, the key support remains the 3.20–3.00 area. A clear break below this level would invalidate the short-term bullish scenario, while the broader daily structure would remain intact.
Summary
Overall bias: Bullish
Current scenario: Accumulation phase below resistance
Bullish confirmation: Above 3.60
Short-term invalidation: Below 3.00
Disclaimer
The information shared in this analysis is provided for educational and informational purposes only. It does not constitute investment advice, financial advice, or a solicitation to buy or sell any financial instrument.
The content published on TradingView is not prohibited, is created in compliance with TradingView’s community guidelines, and is not intended exclusively for qualified or professional investors.
Each reader is solely responsible for their own investment decisions and risk management
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน