HOT/BTC 19/10/2019
It broke the 11 resistance nicely. It was over 1bn and it crumbled away durin the day.
The 12 sats has been a Support point in earlier days, so lets hope it will repeat itself. 11 sats and 12 sats are almost in balance, so it will be a tight race.
At moment of making this chart, 11 sats are filling and 12 sats slowly declining, but time will tell.
When it breaks through 12 again, it can go upwards with no problems.
13 and 14 been strong Resistance points before, but looking at the volumes now, i think they will not cause a problem. 15 sats never really been a problem, so maybe even a shoot to 19 sats can happen.
No big Resistance on the way up and with the rising volume, it think #HOT will have a nice free way, without too many bumps, to shoot up in the sky.
In short:
11 & 12 sats slowly crumbling
13 & 14 sats been Resistance in past, volume is too low now
15 sats never been a real problem
Volume rising still, low volumes above 12 and 15 as biggest
Descending Triangle slowly closing and in history 7 sats was too strong to break,with the rising volume in mind, i expect a reversal point here
It broke the 11 resistance nicely. It was over 1bn and it crumbled away durin the day.
The 12 sats has been a Support point in earlier days, so lets hope it will repeat itself. 11 sats and 12 sats are almost in balance, so it will be a tight race.
At moment of making this chart, 11 sats are filling and 12 sats slowly declining, but time will tell.
When it breaks through 12 again, it can go upwards with no problems.
13 and 14 been strong Resistance points before, but looking at the volumes now, i think they will not cause a problem. 15 sats never really been a problem, so maybe even a shoot to 19 sats can happen.
No big Resistance on the way up and with the rising volume, it think #HOT will have a nice free way, without too many bumps, to shoot up in the sky.
In short:
11 & 12 sats slowly crumbling
13 & 14 sats been Resistance in past, volume is too low now
15 sats never been a real problem
Volume rising still, low volumes above 12 and 15 as biggest
Descending Triangle slowly closing and in history 7 sats was too strong to break,with the rising volume in mind, i expect a reversal point here