High possibility of flying HOT-BTC in next 10 days
I predict HOT (Holochain) will fly in next 10 days (maximum).
Why? based on following reasons:
1-Elliott Waves theory
1st wave: 7 ==> 24 satoshies
2nd wave: 24==> 14 satoshies
3rd wave: 14==> ?
Minimum estimation for target of 3rd wave is as below:
based on fibonacci extension 1 (so called AB=CD pattern)==> 31 satoshies
based on fibonacci extension 1.61 ==> 42 satoshies
2- Boolinger band indicator
Squeezing B.B. indicator on high time frame, Often is a good sign for end of sideway and starting a upward/downward momentum . Now, B.B has been squeezed and is ready for a high volume movement (probably upward)
3- Triangle
HOT is reaching to a narrow region of a reletively large triangle. Triangle will be broken in near future.
4-Support
20-day Moving average (green line) and 50-day Moving average (pink line) act as strong supports and this behavior can repeat once more.
Conclusion:
Hot will break red line resistance and exit triangle from top. Breakout can be confirmed when price reaches to 20 satoshies and close above it. Recommended T.P is in range of 30-40 satoshies.
Please like and follow, if you agree with my idea.
Why? based on following reasons:
1-Elliott Waves theory
1st wave: 7 ==> 24 satoshies
2nd wave: 24==> 14 satoshies
3rd wave: 14==> ?
Minimum estimation for target of 3rd wave is as below:
based on fibonacci extension 1 (so called AB=CD pattern)==> 31 satoshies
based on fibonacci extension 1.61 ==> 42 satoshies
2- Boolinger band indicator
Squeezing B.B. indicator on high time frame, Often is a good sign for end of sideway and starting a upward/downward momentum . Now, B.B has been squeezed and is ready for a high volume movement (probably upward)
3- Triangle
HOT is reaching to a narrow region of a reletively large triangle. Triangle will be broken in near future.
4-Support
20-day Moving average (green line) and 50-day Moving average (pink line) act as strong supports and this behavior can repeat once more.
Conclusion:
Hot will break red line resistance and exit triangle from top. Breakout can be confirmed when price reaches to 20 satoshies and close above it. Recommended T.P is in range of 30-40 satoshies.
Please like and follow, if you agree with my idea.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.