🔥HOT- Incoming Wave 5 / Rising wedge
Updated
The price broke above horizontal resistance and is now testing it as support. It is also being supported by dynamic support (blue). We can spot a falling wedge pattern formed on lower timeframes, and once the price breaks out of it, we can expect further expansion. In case buyers fail to hold current levels, the next area of strong support is around key level (0.009x)
Entry: buy at current price
Targets:
-- because of the possible falling wedge formation the ultimate target is the upper trendline (grey dashed) --
fixed targets:
0.013541
0.014441 (local level- red)
0.015156
0.016862
0.019215
0.021470
0.024680
0.028211
0.031690
---------------
About HOLO:
Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an "IOU" that will be redeemable for HoloFuel upon launch.
Holo is still in development and is expected to launch for open alpha and beta testing by 2021.
Source: coinmarketcap
Entry: buy at current price
Targets:
-- because of the possible falling wedge formation the ultimate target is the upper trendline (grey dashed) --
fixed targets:
0.013541
0.014441 (local level- red)
0.015156
0.016862
0.019215
0.021470
0.024680
0.028211
0.031690
---------------
About HOLO:
Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an "IOU" that will be redeemable for HoloFuel upon launch.
Holo is still in development and is expected to launch for open alpha and beta testing by 2021.
Source: coinmarketcap
Note
update:* I made a mistake in the sentence under targets: obviously I meant a possible RISING* wedge, not falling
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