Holo
HOLO - Buy Setup Forming - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow.
HOLO is sitting around strong demand in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
on H4: HOLO is forming a channel in blue but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, HOLO would be overall bearish can still trade lower inside the demand zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Holo Accumulation Wyckoff ideaJust an idea.
I hope holo will go very soon but if it need to accumulate a bit longer its no problem.
it seems like it is at the very bottom because normally holo is one of the biggest bleeders in a down market but yesterday it showed some strength and today aswell.
According to this idea we maybe need to be a little more patient.
The pattern shows similarities with the Wyckoff chart.
Holo one more week till next pumpRSI on the weekly shows we are close to the bottom but most likely need one week still to fully touch the bottom and could move down more before the next big push up. But Holo definetely one to buy in some as even pump to previous high you can get a nice 200% profit.
One more week of sideways actionLooking at the bollinger band it looks like will see one more week of sideways before we have another pump to the upside.
My idea for a strategy for HOT is if you bought it between 0.014-0.015 you still in a good buy in zone.
At target point 1, I am taking out my initial investment as that could be the top and go down and atleast anything else is like extra bonus to hold.
Depending on if we are really in this big channel then target 2 could be the top and choose to sell all or sell half if you think it might go even higher.
Because last top we move down so much and consolidate for such a long time, for me I feel target 2 could be the top. For Holo definetely need a good exit strategy and not HODL too long when it touched the top.
HOTUSDT (HOLO) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- HOTUSDT was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1).
- The market hit a swing high and retraced.
- Price is retesting and descending trendline resistance (DTR), the key fibonacci retracement zone (0. 5-0 .618 - 0.786) and horizontal support level (S1).
- The retracement is resisted by the descending trendline resistance (DTR-2).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Retest of the descending trendline resistance (DTR-2) after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
Holochain HOLOUSD - Potential Bullish ScenarioThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price is consolidating in a narrow range
3. Contraction in Volume
4. Price forming Triangle pattern/Pennant
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
HOT.USDT (Y21.P2.E4).stalking.breakout tradeHi All,
This has the makings of a breakout trade.
What's going for it?
a) pullback from a strong rally with what looks like a reversal structure in the making
b) formation of price action is moving to an apex, loading up pressure for a big move up or down
c) clear supporting trend lines x2 to chose from
d) good fib level
e) supporting indicators.
s3.tradingview.com
All the best,
S.SAri
HOLO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
HOLO is approaching a demand area in green, we will be looking for buy setups.
on H1: HOLO formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, HOLO would be overall bearish can still test the demand zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HOTUSDTthis alt is in bearish bias in this view and similar time frames but when you check lower time frames you can obviously see an unfinished triangle formed and also you can realize that bears lost their control and the bulls are getting in control so we enter from right here and head for our aims and targets
👉this idea has the confirmation of advanced price action
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