Category: Hyper

HyperStake Technical Analysis for 03/30/2016 – Bearish Retracement

Today I will be looking at HYPBTC as it exited a descending wedge which usually is a good reversal pattern (to the upside). Unfortunately the chart below ¬†doesn’t show the whole formation and the Daily chart is far to messy for illustrative purposes. We have already tested the 23.6% retracement level from the last significant highs to the lows and failed which is bearish. Also if we take the Fibonacci …
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