From TradingView · · 40s
HYPE/USDT Analysis for BYBIT
HYPE/USDT price analysis shows potential short opportunities near $82.68, $88.
In brief
HYPE/USDT price analysis shows potential short opportunities near $82.68, $88. HYPE/USDT may correct to $82.68, $88 before targeting $65.597. Originally reported by TradingView.
HYPE/USDT Analysis
HYPE appears to have completed an ABC bullish structure and is now developing a potential five-wave bearish correction.
Potential Short Area
We could see wave 4 end in the supply area around $82.68, $88, where we can watch for a potential short position.
Wave 5 Target
For the wave 5 target, we will use the demand area at $65.597. This analysis is invalidated if the price reaches $89.855.
Here's the gist
HYPE/USDT may correct to $82.68, $88 before targeting $65.597.
