HYDRA update

12 เม.ย. 2021

HYDRA is still obeying the upward channel whilst consolidating down to the lower trend line. It is currently at the same RSI level it was when it last touched the lower trend line of this channel. For HYDRA to continue moving up in the channel, i'd expect to see a big reversal once it touches the 0.5 fib level with a daily close. A good buy looks like anywhere between the 0.5 fib and the 0.382. From here, a reversal could see its first resistance at the previous ATH ~$52, and then at the 1.618 fib. The 1.618 fib is generally a strong resistance/support so this could likely mark the end of the next impulse. I have put my long position on the chart, showing an expected 200% return if this impulse were to play out.

I'm not a financial adviser, just someone who enjoys reading charts. HYDRA is still offering 180% APY on KuCoin, it's a very good project to support and put your crypto to work on.