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Helium

HNT (Helium) Coin Analysis 03/05/2021As we have Analyzed, Invested on this Coin earlier and ultimately Achieved our Past 3 Targets on it, so we are Updating the new Targets: Fundamental Analysis: Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013. Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature. Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities. Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT. The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable. In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves. Helium uses a bespoke consensus mechanism called proof-of-coverage (PoC) which rewards users for contributing to mining (validating transactions) and ensuring stability. PoC is based on the HoneyBadger BFT protocol, which is specifically designed for node communication when conditions are unreliable. Helium says that the most likely attack vector impacts node operators in the form of inbound ports of Hotspots. For token holders, the platform’s own wallet uses asymmetric keys to help users with private key security. Helium’s three co-founders Amir Haleem, Shawn Fanning and Sean Carey started the company in 2013. Haleem has an active eSports and game development background. Fanning, by contrast, is well known for developing Napster, the music sharing service which was one of the first mainstream peer-to-peer (P2P) internet services in the late 1990s. Carey meanwhile held multiple development roles prior to Helium, which included advertising optimization firm Where, acquired by PayPal. Helium’s team now consists of members which the company says have experience in “radio and hardware, manufacturing, distributed systems, peer-to-peer and blockchain technologies.” Approximate mining periods of 30 to 60 minutes unlock rewards which are distributed according to a changing growth plan. Helium explains that at the start, node owners will accrue more HNT for building out network infrastructure, while later on, it will be more advantageous to transfer device data. This adjustment mechanism for token distribution is expected to last for around 20 years. As of the start of October 2020, there are 48,712,218 HNT in circulation. When the token launched, the supply was zero, with no premine. The live Helium price today is $18.96 USD with a 24-hour trading volume of $40,934,793 USD. Helium is up 10.09% in the last 24 hours. The current CoinMarketCap ranking is #79, with a live market cap of $1,536,186,921 USD. It has a circulating supply of 81,039,235 HNT coins and a max. supply of 223,000,000 HNT coins. Technical Analysis: the Coin has done its initialization and Accumulation Phase followed by some Reaccumulation and distribution on its Past Impulsive cycles which is the Good sign of Price Correction and well Established Value and Price infrastructure. There exist a Hidden Bullish Divergence of Price and MACD, which is the sign of Bullish Trend Continuation. Few Support areas are also defined by Price Action which are having Confluences with Fibonacci Retracement of the initialization to the ATH. 3 Targets are Defined by Fibonacci Projection of the initial Impulsive cycle and its Retracement. the 3 TP gets its confirmation as the Price Triggers the 2 TP followed by Some Price Correction.
HLong
by BitonGroup
10
Helium Looks Ready for Round 2!! BINANCEUS:HNTUSD has strong fundamentals and news that continues to shine even during the recent pullback. If today’s Daily candle can close over the 23.6 fib extension then we could see nice price action back to $40 plus range. If you haven’t purchased any $HNT yet I highly recommend looking into their project. Continue to monitor $HNT as they keep releasing new 5g news! Look in to HNT mining if you haven't heard of it yet. Trade : Daily close over $34.8 price level would signal a solid entry for a swing trade. Risk : You could risk off of the 50 EMA convergence zone and edge of HVN at about $33.75. This would give you roughly 8% SL. Profit : Profit taking would come in around $40-$41 as this is edge of the next HVN as well as 38.20% fib extension and fib retracement on the daily chart. This is almost a 2-1 R:R. Not the most appealing but HNT is such a great long term investment IMO. As always DYOR - Not Financial Advice!
HLong
by DOpeTrades
💠HNT-- Bull flag at support, strong confluence zone #web3The price touched mid channel resistance on Nov 7th (which was a primary target for previous buy- see related ideas) and established new ATH level. It then entered a corrective phase moving in a flag pattern. If we see a breakout from the flag formation, we can expect more upward pressure and possibly new ATH soon. If the market keeps dumping, we can expect the price to find support in the area of previous highs(green), possibly 200EMA. The current level is a zone of big support confluence (explained on chart) // What is confluence zone? "A confluence zone is a spot where two or more trading signals intersect, resulting in a strong buy/sell signal. When trading, we need to look for a trade with a high probability and low risk." // source: insiderfinance Entry: (remember to manage your risk properly as BTC just dumped to 40k and the whole market is bleeding) - buy in the zone of confluence(small amount) -- add more once the price breaks from the local formation Targets: * using dynamic mid-channel resistance for primary target (grey dotted) Static targets: 39.11 (local) 48.01 (local) 58.93 (previous ath) -- and: 80.25 114.31 148.38 169.43 +top of the channel --------------- About HNT: Helium ( HNT ) is a decentralized blockchain-powered network for Internet of Things ( IoT ) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT . Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013. Source: morioh
HLong
by V0VOLAN
Helium rallies high to ATH at $34The Helium price analysis shows the cryptocurrency is in bullish mode today, as the price shows an increase today as well. Helium is on the upward trend from 22nd September as the HNT price pattern shows sustainment of higher highs along with reasonable corrections over time. But the price curve has been becoming largely steepish from 26th October, when the token started rallying high, gaining significant amounts of value with the highest jump observed yesterday, when the token rallied from $29.8 to $33.7 and still continues the upside today. The broader cryptomarket is showing mixed market sentiment today, as the leader Bitcoin is trading hardly above $61,000 after going through correction for three days. The Ethereum is in a bearish cycle as well, trading around $4400 figure. However, many top altcoins are trading in greens and some racing high, while a few reports losses as well, with MANA and Loopring topping the charts with 14 and 17 percent improvements.
FTX:HNTUSDLong
by ExpressTradeAcademy
Helium prints new ATH at 35$. Is 50$ next before 2022? 🚀Intro: - Helium (HNT) is in the field of decentralized wireless infrastructure and a decentralized machine network powered by a physical blockchain. - Helium is mined and distributed to Hotspot Owners. - There is no pre-mine of Helium and every month approximately 5 million new coins are minted. - In circulation we have 100 million coins out of possible 223 million coins. - Total market cap is currently around 3.5 billion and still has a lot of room to grow Daily chart: - Price finds itself at an ATH around 35$. Unless you Dollar cost average (DCA) it is not recommended to add at an ATH. We therefore suggest you wait for a pullback and buy lower (for example around 27$). - Volume seems to in- and decrease during and after pricepumps. No clear trend is seen here while price keeps increasing. - RSI analysis shows that we are in an uptrend that confirms the current price trend. We currently face resistance at the 80 line which is the entry zone of the overbought region. Again not the best play to buy. - Moving Average: Price is far away from the 20MA which is bullish, however for adding coins it's a bad entry point. - Support lines are at 26.5$, 18.5$ and 9.5$. The ascending yellow line possibly acts as support as well. - Resistance lines are currently non existent since we are in price discovery territory. Expectation: - We expect HNT to perform well within the next 3-4 months and print new ATH's. - However, to enter the game we strongly suggest to wait for a pullback. Congratulations to all that are already invested into this project. - End of the year prediction: We will see a 50$+ HNT before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
HLong
by tumbler55
4
HNT Bottom? Macro View targets 700%+ 😲See my previous publication for local view: HNT is currently in it's all-time highs zone. But, what If I told you that it's.. bottoming? I'm not a big fan of making long-term speculations, ESPECIALLY on assets with short history. Take it with a grain of salt, but assuming the bullrun continues, as weird as it sounds these targets aren't surreal at all. This analysis is based off nothing else but parallel channel with 4 touches of the bottom line (quite reliable support to be honest) Let me know what you think in the comments! ------------------------------------- About Hellium: Helium (HNT) is a decentralized blockchain-powered network for Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, which are a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium’s goal is to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013. Source: morioh.com
HLong
by V0VOLAN
5
HNT: Short opened.HNT finds itself at the top of a parallel channel that is in play since something around July. I don’t see it breaking upwards, since the current narrative is gaming/metaverse right now, and all the capital is moving to those projects. Opened a short, the plan is to unload my initial capital slightly above the previous ATH (mainly because i acknowledge the fact that this is a strong coin regardless of the narrative right now) and let the rest ride to the $25 level if it does drop. Good luck!
HShort
by Verve97
13