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EylemCulculoglu

HOTBTC is extremely oversold. Get ready for a bullish breakout.

Long
EylemCulculoglu  
BINANCE:HOTBTC   None
Trend Analysis Harmonic Patterns Technical Indicators HOT HOTBTC holochain holo holobtc holotoken holoeth holobitcoin holochainproject
16
2
trendanalysis harmonicpatterns indicator hot hotbtc holochain holo holobtc holotoken holoeth holobitcoin holochainproject
HOTBTC is extremely oversold at 1D chart. Stoch RSI is at the absolute bottom. Tom Demark count gave a red 7 which confirms that bears will be exhausted soon. Price is currently at daily MA50 (29) This is a major support point and seems like it will hold. It tried to break it today but market gave immediate response. I expect price to increase in upcoming days.

Here is my trading idea:

Long at 28-29
TP1: 33
TP2: 38

SL: 23-22

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