The HYPE trend navigator shows the initial signs of a downtrend.
As mentioned in the citation from July 28, the hype multi-level resonance has now broken through various bullish trend characteristics, and the current short-term situation has entered a state of fluctuation.
It is expected to further dip to the 31 line.
hype market direction navigator
This coin can be said to be the first to start this wave of market movement, and it was the coin I recommended to everyone at the very bottom.
So in a sense, it might be a barometer for market trends.
From the current trend, the 4-hour channel is showing a downward pattern embedded with a bearish wedge.
Below is the 8-hour upward trend line, and the current moving averages are showing a crossover situation, indicating uncertainty between bulls and bears.
Volume and delta are showing a contraction trend, temporarily indicating that the bulls are slightly weaker than the bears.
From the above, we can clearly understand the overall situation of hype. Next, we just need to observe the development of various trend characteristics. When most characteristics resonate, it will be the beginning of formulating strategies for trading.
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