HyperDAO (HDAO) Project Overview & Chart Analysis

About HyperDAO

Launched on 25/02/2020 via OKEx's Jumpstart programme by a team based in Singapore, Australia, Korea and China, HyperDAO aims to offer decentralized financial services to users globally. HyperDAO will offer financial services such as asset management, crowdfunding, exchange, micro-finance, e-citizenship, banking and forecasting.

Source: Coinmarketcap.com
Website: hyperdao.com
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Here we have a new altcoin project show up... As you might already know, you cannot read/predict what will happen next based on a new chart.

Short-term we can see the bullish potential and bullish signals after prices broke above EMA10 and EMA50 for HyperDAO (HDAOBTC).

The bullish bias remains above EMA10/EMA50.
Below this level, we switch to bearish.

Looking at the other altcoins and the higher lows here, this is likely to continue growing if the market stays the same.

If a big correction comes, this pair is likely to drop but still bullish long-term.

Thanks for reading.

Namaste.