Review on HedgeTrade by Mehdi hazni
HEDG Price and Chat Analysis
The HEDG currency is currently ranked 30th in coinmarketcap, which is one of the most successful price increases since May 2019.
all time high This currency is about $ 3, which is a short distance from the current price (compared to many currencies that are, for example, 80% lower than ATH).
I have done an analysis on the daily chart and the btc pair of HEDG currencies and presented three possible scenarios for the medium term. It is currently in a triangle diagram, and if this pattern is broken down, the first important resistance is around 10,000 Satoshi, and then either move up once and retest the trend line of the triangle, or from That's where the downturn begins (given the huge growth in the last year, investing in a very high risk price)
If the triangle is broken from the top, the first important resistance in my opinion is the limit of 29000 Satoshi, and of course it may stop in the range of 25000 Satoshi and continue the trend line of the triangle pattern. Of course, this scenario is unlikely in my opinion. Because it is currently ranked 30th and has to compete with very large projects to grow further.
Pros
- It has grown tremendously over the past year, and long-term investors have made very good returns on the HEDG currency
- The ranking of the project website in Alexa ranking has improved a lot in the last year (which is probably related to the high growth and attracting different attention to this project)
Cons
- Due to the high growth and the obligation to compete with very large projects, the possibility of further growth is low
