Priceline of Holo / Bitcoin cryptocurrency is forming a bearish shark pattern and entered in potential reversal zone.
Price action has hit the support of 0.00000007 sats which is not broken since July 2018.
After hitting the support the MACD is turning bullish.
RSI was in oversold and now turning bullish.
Volume profile of complete history of price action is...
To elaborate on the Daily bullish view of HOT/BTC:
Bullish divergence on the CMF (compared to bearish on the Daily time frame).
RSI beginning to find support from breaching oversold conditions at 30.
TD Sequential reached an aggressive 13 (as far as TV algo goes).
Weekly candle is flirting with a green 1 when 9 sats or above.
MACD yet to bull cross but coming...
HOTBTC Price has reached it's Binance August 2018 low* of 8 sats.
Currently consildating in a range between 7 & 10 sats for over a month.
Testing 50 Day MA, 100 Day MA is in line with falling channel resistance.
Bullish divergence on the RSI & MACD even if CMF looks tragic.
Long-term targets: 18-20 sats (2x), 24-26 sats (3x) as well as ATH 46 sats (4x).
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.