Skip to main content

Hathor worth buying as it nears an outbreak?



 Hathor (HTR / USD) was up over 10% on Thursday. Investors are now looking to get a hold of Hathor as it approaches a long-awaited breakout that could lead to the achievement of some big goals. Launched in 2020, Hathor is a proof-of-work blockchain network designed for light financial transactions and contracts. Hathor is down over 50% from a new all-time high hit in early November and is now showing signs of an imminent breakout to the upside. It formed a symmetrical triangle. However, a downside breakout was observed earlier this month. However, many investors remain unsettled, thinking that Hathor could fall further. Should you buy Hathor in hopes of a new all-time high?

  • Hathor was up over 10% in value on Thursday and increased buying volumes have been observed, suggesting a rally before a breakout.

  • After breaking down from a symmetrical triangle, Hathor reversed and started rising again and is now very close to the trend lines.

  • It looks like Hathor corrected after a sharp rally in November. It has now corrected itself to the 0.786 Fibonacci level, which could be a reversal zone for Hathor.

  • Investors need to be careful as Hathor has shown a lot of weakness over the past few weeks and the breakout could fail. Therefore, a long entry should only be made if a clear breakout can be seen or the 50-day moving average is exceeded. This confirms a bullish bias and indicates increased bullish momentum.

  • Investors need to maintain a stop loss as Hathor could fake it and trap many investors in a long trade. Hence, investors can also wait for a retest before jumping in.

  • A target of $ 1.74 can be set, followed by $ 1.92 and finally a new all-time high in the coming months.

  • My Top Picks
    Honeygain - Passive earner that pays in BTC or PayPal
    MandalaExchange -The Best no KYC crypto Exchange! 
    BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
    Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
    Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
    Cointiply - The #1 Crypto Earning Site
    Torum - Join the latest Social Network and earn TRM for Free! 
    LiteCoinPay - The #1 FaucetPay earner for Litecoin 
    Upland - Collect Digital Properties & Test Your Skills
    LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
    FaucetPay - The #1 Microwallet Platform
    FREEBTC - The #1 FaucetPay earner for Satoshi's
    FaucetCrypto - An earning/faucet site that pays out instantly
    FireFaucet - An earning site that pays better for some than Cointiply
    DogeFaucet - Dogecoin Faucet
    xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
    Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more