Holochain is finally about to explode after nearly two months of boredom. It created a double bottom pattern on the daily chart. Expecting it to pick up and rally sometime early next week hopefully. Once it breaks its previous resistance (all time high around 0.03$), we should expect it to continue up to 0.04$ before another correction.
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Here is the top-down analysis for HOT, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
HOTUSDT almost broke the decreasing triangle and it can drop more to another triangle in the downtrend channel and hit the bottom of the channel.
HOT is so close to the strong support and it can go to the pump more than 200% after correction...
If you are a trader that buys support and sells resistance, set a take profit point for $0.03
HOT is the crypto everyone loves to forget, until it rallies. Then she rallies hard.
A beautiful flag inside a triangle.
Living the dream.
RSI on the weekly shows we are close to the bottom but most likely need one week still to fully touch the bottom and could move down more before the next big push up. But Holo definetely one to buy in some as even pump to previous high you can get a nice 200% profit.