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Holo New All-Time Low (Multiple Bullish Signals On)
Holo New All-Time Low (Multiple Bullish Signals On)
By AlanSantana
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May 4, 2020
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May 4, 2020
Good Sunday my fellow cryptocurrency trader, let's take a look at Holo (HOTBTC), it's been a while...
We will start with the long-term (Weekly) chart:
Here we have a few early and bullish signals to look at:
First, we have a new All-Time Low hit on no volume.
We have bullish divergence with the MACD, a very strong signal on this timeframe.
Prices hit 7 satoshis for the first time since March.
We have a broken trendline that comes down from the Feb. 2019 peak/ATH.
Now, let's take a quick look at the daily (D) chart, which is the main one above.
Holo (HOTBTC) moved above EMA10 and EMA50 today while at the same time hit a new resistance.
The immediate resistance to continue higher is now sitting at 7 satoshis (0.00000007), this is the next barrier.
Above this level, HOTBTC can easily continue growing.
If prices drop back below EMA10 at 0.00000005, there will be more bearishness and consolidation (this phase is likely over).
Thanks a lot for reading.
Remember to hit LIKE if you want more altcoins updates.
Your support is truly appreciated. 😊
Namaste.
alanmasters
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