$HUMA 1Hr ā Deep Technical Outlook
Price is moving in a well-defined Elliott Wave impulsive sequence, with the current price action suggesting itās in Wave (4) correction, preparing for a potential Wave (5) rally.
Wave Count Analysis
Wave (1): Strong initial impulse with aggressive volume surge, breaking previous short-term resistance.
Wave (2): Retracement found support near prior breakout zone, indicating healthy profit-taking rather than trend reversal.
Wave (3): The strongest leg so far, with sustained green candles and minimal pullbacks, confirming bullish momentum.
Wave (4): Current phase, retracing to 0.03544 (Fibonacci 0.434 level) ā a typical corrective depth for impulsive rallies.
š¹Support Zone: 0.0350ā0.0354 remains the critical floor for bullish continuation.
šøResistance Levels:
Minor resistance at 0.0384 (previous high of Wave 3).
Major targets for Wave (5): 0.03986 (Fib 1.0) and 0.04259 (Fib 1.618).
Candle Structure: Currently forming smaller-bodied candles after a steep drop, indicating seller exhaustion at support.
Probable Scenarios
1ļøā£ Bullish Case (High Probability) ā Price bounces from current zone ā Breaks 0.0384 ā Extends toward 0.0398ā0.0425.
2ļøā£ Bearish Case (Low Probability) ā Failure to hold 0.0350 could drag price toward 0.0330 support before another rally attempt.
$HUMA is in a bullish continuation pattern, provided the 0.0350ā0.0354 range holds. #HumaFinance Traders may watch for breakout confirmation above 0.0384 for strong upside momentum.
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