Live update of Helium (HNT) USD price with interactive tools to study chart patterns, price movements. Chart references Helium token – HNT USD price from the Coinbase exchange.
About Helium:
Helium is a peer-to-peer wireless network that provides a secure and cost-effective way for low-power Internet of Things devices to send data to and from the Internet. Helium’s distributed network of Hotspots provides wireless network coverage for very low-power and inexpensive IoT devices and is rewarded $HNT for doing so.
The Helium blockchain uses an algorithm called “Proof of Coverage” (PoC) to verify that Hotspots are located where they claim. Put another way, PoC tries to verify on an ongoing basis that Hotspots are honestly representing their location and the wireless network coverage they are creating from that location.
Helpful technical indicators to study Helium (HNT) USD price movement:
Technical Analysis through the use of charts or volume helps to forecast future Helium HNT USD price trends, however, do remember always that analysis can’t make absolute predictions about the future. Therefore, trade with caution.
The following are some of the technical indicators which could be useful for anticipating the most likely Helium token – HNT/ USD price movement.
Moving average convergence divergence (MACD)
MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA. The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line” is then plotted in addition to the MACD line which together functions as a trigger for buying or selling an asset – Helium (HNT).
Traders may buy the Livepeer token when the MACD crosses above its signal line (orange line) and sell, or short the Helium (HNT) when the MACD (blue line) crosses below the signal line.
Another MACD strategy is to look at which side of zero the MACD lines are. Potential buy signals occur when the MACD moves above zero, and potential sell signals when it crosses below zero.
Relative Strength Index (RSI)
RSI is an indicator that evaluates overbought or oversold conditions in the price of an asset. The RSI is a line graph that moves between two extremes and has a reading from 0 to 100. Traditional usage of the RSI is that:
- RSI values of 70 or above indicate that an asset is becoming overbought and prime for a trend reversal or experience correction in the asset – Helium HNT – USD price.
- An RSI reading of 30 or below indicates an oversold or undervalued condition.
Moving average (MA)
MA is the average of the closing USD price of an asset – Helium (HNT) over a given number of periods. The 200-day simple moving average is one of the most-watched activities in the price charts by mostly all experienced traders. There are two basic signals in relation to the moving average:
- If the price is above the X day SMA, this signals a bullish movement.
- If the price is below the X day SMA, this signals a bearish movement.
MA(50,200) Crossover
Another important signal is a crossover between the 50-day and the 200-day moving averages.
- When the 50-day Moving Average (MA) crosses above the 200-day MA, it is called a golden cross. It signals that a new bullish Helium (HNT) USD price trend is starting.
- A bearish crossover (where the 50-day MA crosses below the 200-day MA) is known as the death cross. This is a sign that a bear market may be starting for the Helium token HNT USD pair.
On-balance volume (OBV)
OBV is another technical trading momentum indicator that uses volume flow to predict changes in the stock price. A rising price should be accompanied by a rising OBV; a falling price should be accompanied by a falling OBV.
- If OBV is rising and the price isn’t, then the price is likely to follow the OBV.
- In case the Helium token – HNT USD price is rising and OBV is flat-lining or falling, the price may be near the top.
- If the Helium (HNT) USD price is falling and OBV is flat-lining or rising, the price could be nearing a bottom.
Helpful Chart Patterns to study Helium (HNT) USD price:
- Head and Shoulders
- Cup and Handle (bullish)
- Triangles (Symmetrical, Ascending and Descending)
- Double top and bottom [M (bearish) and W (bullish)]
- Triple Tops (bearish) & Bottoms (bullish)