I had to redo my EW attempt because my original one failed 2 of the 3 Cardinal Rules of EW Theory:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
I would like to hear your thoughts, comments, suggestions, etc.. and...
Let's take a look at the chart above for Holo (HOTBTC), it is pretty simple to read.
We are looking at the final consolidation phase (orange rectangle) before Holo finally takes off.
On the chart above we can notice the following:
Demand zone at the bottom in green.
Consolidation box in orange.
Bullish divergence on the RSI (purple arrows).
HOT HAVE IMPORTANT POINT =0.00000007 BTC
1-ACCORDING RED WAY IF HOT HOLD 0.00000007 BTC THEN CORRECTION END AND RED WAY WILL BE FUTURE MOVEMENT
2-IF HOT BREAK 0.00000007 BTC THEN WILL GO TO 0.00000002 BTC 100%
Looking Strong & Bullish At Current Support Area.
Making Falling Wedge Pattern In 3D (3 Days/Candle) Timeframe.
9-10 Is a Strong Support Region..So Keep Your Eyes On This Region.
Looks like Bottomed Out Here & Indicators Turning Bullish.
One More Lower Low Expected Before Big Move..
Buy Zone : 9-10 Sats
Sell Targets : 18 - 24 - 30 - 36 - 43...
Holo Has seen close to 100% retrace from Listing, probably gonna slingshot "WHEN" it happens this could be days or week or two idk maybe more, but this years Bull run or Alt Season if you will, Is just beginning. should go down to the box, Thats when im buying!
Long-term HOLO trend is bullish.
RN Holochain is facing 0.236 FIB support level.
... if it won't hold
Next major historical support will be 0.0011 USD
However price is more likely to correct back to 0.0016 USD in the short term.
My price targets till August set up accordingly, solely based on Fibonacci and historical high-volume zones
In case of strong...