FirstClassCrypto
Long

Possible impulse for HOT?

BINANCE:HOTBTC   Holo / Bitcoin
HOT is sitting on the 0.618 fib level, also too note we can see the Daily SMA200 is currently not far below at 21 sats so I am expecting some sort of bounce here. I have outlined what could be a massive impulse run for HOT where price is in wave 4 and about to transition into wave 5. First I am looking to see if we can close a daily candle above the 0.382 fib, if this happens I will then expect price to jump back into the 40s, and if price rises above our ATH at 46 sats the final target would be the 1.618 fib currently at 60 sats although this 1.618 can slightly vary if price does infact drop down lower to the daily SMA200. Whether or not this mega impulse run plays out.... I see reason to believe we trade a nice bounce here!
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