Why? based on following reasons:
1-Elliott Waves theory
1st wave: 7 ==> 24 satoshies
2nd wave: 24==> 14 satoshies
3rd wave: 14==> ?
Minimum estimation for target of 3rd wave is as below:
based on 1 (so called pattern)==> 31 satoshies
based on 1.61 ==> 42 satoshies
2- Boolinger band indicator
Squeezing B.B. indicator on high time frame, Often is a good sign for end of sideway and starting a upward/downward momentum . Now, B.B has been squeezed and is ready for a high movement (probably upward)
HOT is reaching to a narrow region of a reletively large triangle. Triangle will be broken in near future.
20-day Moving average (green line) and 50-day Moving average (pink line) act as strong supports and this behavior can repeat once more.
Hot will break red line resistance and exit triangle from top. Breakout can be confirmed when price reaches to 20 satoshies and close above it. Recommended T.P is in range of 30-40 satoshies.
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