Looks like HOLO might be finally bottoming out, coming to the end of a descending wedge, within a bigger descending wedge and strong horizontal support at 11 sats. If BTCUSD decides to chill for a minute we could see some relief on some of the alts, with some bigger moves into August. 11-12 seems to be a good buy zone for now!
Will the trendline hold? The idea is invalidated at the 389 sat level. Bitcoin needs to behave for this to work. Be careful and trade with caution.
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). Main...
Hot resting at a good support now, Great R:R i must say. Should it hold the current support next sell Zone 20-24 . Telegram Channel : bondscharts
HOTUSDT - BINANCE Buy Entry - 16550-16700 Targets T1 - 17003 T2 - 17305 T3 - 17542 T4 - 17708 T5 - 17875 T6 - 18081 Stop Loss - 16012-15900
Simple trade,nice repeating pattern here ! ( keep an eye on BTC )
Recently we saw a double bottom formation for Holo (HOTBTC) and now the bulls are following up. Here we can see bullish divergence on the MACD and RSI, and a clear and high volume break of EMA10. We also have a MACD bullish crossover as well as a bullish RSI. HOTBTC is getting ready for action... Here you can see our previous analysis: You can see the main...
Holo (HOTBTC) might be looking at a double bottom if the 15 satoshis level holds today. Back on the 13th of May HOTBTC hit a low at 15 satoshis, it then moved up to reach a peak of 31 satoshis, completing a 106% profits wave. Today the same strong support has been hit again and the potential for a bounce here exist. If HOTBTC can bounce up with good strength and...
Potential we might mewn. Similar trend in HOT/ETH
Fundamentally, Holochain is pretty cool even if their project management is complete shit and they probably won't ever get anything real developed. That's okay though, we're only trading it for the pump. Anyway, Binance normies are going to be looking for the really cheap satoshi coins, I think Pundi X and Bittorrent are the only other ones that are cheaper than...
Double bottom pattern on the 0.236 Fibonacci Line! Additionally a small bullish divergence on RSI formed. Stop Loss just beneath this one. Simple!
$HOT We could see a pop to the 21-22 sat area from here, however, we are still in a downtrend with the corn pumping, so personally I'm not expecting much more at the moment. If we break above 22 and turn it to support, game on.
HOT is currently testing support at 768 fib. Provided it holds, we could see a strong move to the upside over the coming weeks. Targets set at 36, 43, and 49sats. If the 20sat level doesn't hold, HOT could go down as far as 14sats for a 100% retrace. Strong buy under 17sats.
HOT is returning to its home ground to prepare for next move. Dont miss this time. Buy at14-15 zone. BTC run should bring it down to buy levels.