Base on my analysis on the weekly time frame on HOT/USDT. There might be a bullish after there is a break out from the counter trend line and also the resistance there, which we might not break through the second resistance un till we do get a second retest on the support zone which was the first resistance zone we encountered . what do you think?
BTC might hit 50K in a week or less but might bounce back the resistance of 50k which we buy more of BTC after hitting back to our support. After breaking up 50k zone we might have a continuous increase in price and then might have a resistance also at 54.8k region get a the retest of our previous resistance as our new support then we might moon to 60K again or...
After a break out from the counter trend line. We are expecting a high of 0.35-0.37 which might bounce back to our support level or keep moving higher after reaching the resistance zone and highs of 0.45-0.5 might be seen again which might retest or trend line support and keep producing higher high of 0.6-0.7 which from then night lead to a new all time high.
