Review on HyperCash by Mehdi hazni
HC Price Analysis
Hypercash is also one of the Altcoins that was released during the peak of cryptocurrency market fame in 2017. The all-time high of the HC currency hit the market early on, hitting around $ 40, and the current price is about 96.5% lower than the ATH.
In analyzing the daily chart and btc pair of HC currency, no specific pattern has been formed, although it could have formed Elliott waves, but due to the fact that the third wave is shorter, this issue is ruled out. There is currently a trend line for this pair, which I have drawn with a blue line in the chart. Black lines are also related to resistances. Of course, there is no sign of a price increase in this pair at the moment, but due to maintaining the trend line and shorter falling waves, it is possible to increase the price from the same price range, which of course if the blue line breaks and stabilizes below it, the probability Much more severe falls are rising.
Pros
- Due to reaching the trend line and supporting the price, it is possible to increase the good price for the future
- There are 28 exchange pairs to trade this currency, which is a very high number
- Good rating on coinmarketcap (126)
- HC currency is listed in famous and reputable exchanges such as binance, okex, huobi global and kucoin, which is a kind of guarantee that this currency will remain in the best cryptocurrencies market.
Cons
- It has been a long time (since August 2019) that prices have been on a downward trend and the subsequent price increases have all been low and volatile.
