HedgeTrade, a cryptocurrency trading platform, is an exchange that offers the ability to trade cryptocurrencies with leverage. The company has seen explosive growth in recent months and now boasts over $3 million USD in daily volume.
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- The range of bullish HEDG price predictions is $1.30 to $2.51.
- The HEDG price may potentially go up to $3.
- For 2021, the HEDG pessimistic market price forecast is $0.71.
We utilize data, price trends, ADX, and other information about HEDG to evaluate the cryptocurrency’s future movement in HEDG price forecast 2021.
The platform’s currency, Hedge Coin, seeks to introduce new ideas to the area of social investing by using Blockchain technology. The platform is intended so that all users may behave as global standard investors, according to the Hedge Trades credo.
HedgeTrade users have the ability to utilize the platform with ease, whether they are experienced investors or novices. Furthermore, no specific equipment is required to utilize the platform. On any device, HedgeTrade is easy to use.
HedgeTrade’s Current Market Situation (HEDG)
At the time of writing, the price of HEDG was $0.977, with a 24-hour trading volume of $93,771.04 according to Coingecko. In the past 24 hours, however, HEDG has risen to 1.61 percent.
Furthermore, there are 348,731,468 HEDG coins in circulation. HEDG is currently traded on CoinTiger, Bitcoin.com Exchange, ProBit Global, and Bittrex, among other cryptocurrency exchanges.
Price Prediction for HedgeTrade (HEDG) in 2021
On CoinGecko, Hedge (HEDG) is now ranked 58th. With a daily time period, HEDG price forecast 2021 is described below.
Ascending Triangle Pattern HEDG/USDT (Image courtesy of Tradingview)
An ascending triangle is a continuation pattern, meaning it is important whether it appears during an upswing or a downturn. Traders prefer to purchase or sell the asset aggressively when the price breaks out of the triangle, depending on which direction the price broke out.
HEDG is now trading at $0.977. Following that, depending on the breakout, HEDG may continue to decline or increase. HEDG will shortly breach the upper trendline, hitting $2.90, according on this pattern. If the trend continues, the price of HEDG may drop below $0.73.
Support and Resistance Levels for HedgeTrade (HEDG)
The chart below depicts Hedge’s support and resistance levels (HEDG).
Support and Resistance Levels for HEDG/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for HEDG are as follows.
- $1.30 is the first level of resistance.
- $2.25 for Level 2 Resistance
- $3.51 – Level 3 Resistance
- Level 1 Support – $0.71
- Level 2 Support – $0.35
Over the past month, the chart shows both bullish and bearish performance of HEDG. This trend, however, will break out and hit the $2.90 resistance level. If the trend were to reverse, HEDG might fall below $0.73, indicating a negative indication.
Average Directional Index of HedgeTrade (HEDG) (ADX)
Let’s have a look at the Average Directional Index of HEDG (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of HEDG is shown here, with the range at 19.39, indicating a modest trend.
The HEDG is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakthrough, the short-term HEDG price forecast will be positive. This year, though, it has a strong probability of hitting $2.90. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the HEDG ecosystem, HEDG’s performance is expected to increase to $2.90 in the near future. However, if investors think that HEDG is a solid investment in 2021, it might reach $3.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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