HOTUSDT Decisive rise but one last Resistance remainsThe Holo Token (HOTUSDT) hit (and broke) today its 1D MA50 (blue trend-line) for the second time in December (Dec 07 first time). By doing so , it broke also above the 1.0 Fibonacci level, which is the top (Lower Highs trend-line) of the Channel Down pattern that started on November 04 2021.
This is a first and decisive step towards reversing this long-term bearish trend and as you see there is a Diverging Channel Down since late June that may lead HOT to its new Bull Cycle. However, one last Resistance remains to confirm that, and that is the 1D MA200 (orange trend-line), that has been unbroken since December 10 2021. A daily close above it and we turn bullish long-term on this token.
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Holo
HOT : DAY TRADE VIEWHOLO is known as a coin that stays for a long term into a stable trend, and when it's time to increase, it can do above 500% as we have seen at 12-03 in just 15-20 days with an 800% increase last.
It means not that this should happen at this level again. as 2021 is a different time than now.
we are in a time where taking a profit become more important than before.
HOLO seems interesting for day trading, and we can see if it will hit new targets with time.
HOTUSDT Buy levels and targetsHolo (HOTUSDT) is on a strong 1D green candle, being on Higher Highs and Higher Lows since the July 13 Low. The 1D MA50 (blue trend-line) is now supporting and the 1D MA200 (orange trend-line) is the short-term target. After that, we need a clear break above the 0.5 Fibonacci retracement level to confirm the long-term trend shift from bearish to bullish. As a result buy either upon a 1D MA50 pull-back or a 0.5 Fib break-out. Notice that on the previous Lower High of the November 2021 Channel Down, the price got rejected near the 0.5 Fib.
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WILL THE FIAT WHALES EXPLODE HOT(HOLO) TO THE MOON?Hot ( Holo) looks into a side of technical analyses very interesting for the possibility to have a whale increase, but at same time knows we are still into breakdown trends on most of the markets. learn from historical trends.
BTC is the main coin, on this reason, there is no guarantee in markets, and on every trade, you invest make sure there is a risk management ready, we have seen from history trades what can happen, also from Luna and more coins.
Back to Holo
It's not about the new network holochain for the web3 that is that seems to be ready, and where there can be some interest for the price action, but it's about a point where are now, that could be interesting for the whale side.
We are into a golden point for Holo - and with time we will see or this point will get confirmed with an increase as it shows, or we will get the unexpected breakdown.
At last, it's interesting to follow it.
This is not investment advice, all markets could be very risky.
Holo (HOT) - June 2hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(HOTUSDT 1W Chart)
Anything below 0.002275 is likely to be a mid- to long-term investment area.
From a mid- to long-term point of view, it should rise above 0.004583 to continue the uptrend.
(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.002715 to turn into an uptrend.
(buy)
- After confirming the support at 0.002715
(Stop Loss)
- When it falls below 0.002275
(Sell)
- When receiving resistance in the range 0.004583-0.006284
- When resistance is received in the range of 0.009011-0.012325
If it rises above 0.012325 and finds support, it is expected to surge.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Trading opportunity for HOTUSDT HoloBased on technical factors there is a long position in :
📊 HOTUSDT Holo
🔵 Long Now 0.002538
🧯 Stop loss 0.002450
🏹 Target 1 0.002735
🏹 Target 2 0.003010
🏹 Target 3 0.003585
💸Capital : 1%
We hope it is profitable for you ❤️
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HOT ready to fly#HOT/USDT
$HOT broke out from long term descending resistance and dropped to ascending support.
🐮 holding this support can increase price to resistance between $0.0054 and $0.0062.
if price continue its rally to break out from resistance of $0.0076 it can reach $0.01 to complete the inverted head and shoulders.
🐻 break down from ascending support will drop price to $0.004 and even $0.003.
HOT/USDT LTF Scalping Chart for 36% Profit#HOT/USDT TA Update:-
$HOT currently trading at $0.006655
As per chart Bull flag already broke out.
And retest almost hit.
Lets wait one more dip for best entry around $0.0062
Or
If breakout Symmetric Tringle then Best entry with 36% Target.
- Price is consolidating in
Symmetrical Triangle Pattern.
- Price support on 100EMA confirms
further Bullishness....
- Entry will be trigger on Breakout of
Triangle pattern.
Previous swing high will be Profit Target
Entry :- On Breakout or $0.0062
SL :- Previous swing Low
Will update on breakout
HOT - After increase into new green cycle Hello trading friends,
After the last increasing trend - that is also shown on the chart - HOT did change into a new green cycle trend - there is a high chance that the trend will keep going. we will follow the trend.
Algoritme did a scan on the data of today - a new cycle trend.
The question is for how long it will stay on an uptrend - depending on normally trends it should increase - but it's the crypto space, for this reason risk management should be high.
This green cycle trend did a scan by algorithms trends of us trading tool.
Have a great time.
Trade always depends on your setups - as this is not a trading call.
🔥 HOT 1-Year Descending TriangleWith stocks reversing and BTC appearing slightly bullish, there's a decent probability that the 4400 support will hold. In that case, HOT has formed an (almost) 1-year descending triangle.
I'd expect a move towards the top resistance of the triangle at the very least over the next couple of months. If BTC remains bullish, making a new all-time high or something like that, HOT can break out on the bullish side and make a move towards a new all-time high.
However, for now we're aiming for a lower high.
Happy trading!