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HOT

HOT Fibonacci ChannelHOT seems to be rising inside of this Fib-channel. It has been consolidating for the past few days in between 0.786 and 1 channel. RSI seems to be on the low side. I expect further consolidation in the previously mentioned channel between 0.786 and 1. If we manage to stay above the 0.786 line I expect a steady climb with a big chance of further breakthroughs on the upside. Getting back into the 1 to 1.618 channel seems very possible in the short term, given the current influx of money into Crypto, especially in 'low-priced' coins and tokens. Thank you for taking the time to read my idea. Feel free to comment and share your opinion. If you think I'm wrong, be sure to tell me why. This would create a great learning opportunity. Best of regards, Arne. This is not financial advice, please do your own research. Knowledge is your greatest asset.
Long
by ArneVda
2
🆓Holo/USDT Analysis (8/4) #HOT $HOTThe buying force is still trying to push HOT up and it is heading to 0.028$ zone, at which I think the selling force will exist there to push it down to 0.015$ zone If it could conquer the 0.028$ zone successfully, it will keep moving up to 0.044$ zone. 📈BUY -Buy: 0.0215-0.0225$. SL B -Buy: 0.0145-0.0155$. SL B 📉SELL -Sell: 0.0275-0.0285$. SL A ♻️BACK-UP -Buy: 0.0275-0.0285$. SL B -Sell: 0.043-0.045$. SL A ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
by CryptoStation
3
HOT.USDT (Y21.P2.E2).Can the story continueHi Traders, This could have 2 bullish scenarios, I think the dump was it, to find the bottom. a) A big move dump and pump with a 1, 2, 3 impulse, unlikely b) A re-accumulation structure with the assumption its alt season. Scenario b) could have us in the lower levels for some time and as people milked it for what it had. If it was xrp, they would have fomo 'ed in but the HOT community, does it exist. Bearish thoughts, this could be a topping formation. I'll just use some of the HOLO profits back in and not look at it for some time. For now, I'm just going with this formation, and looking at its target levels, How it get there is the question. We need to stalk it moving foreward and see what clues it drops. All the best, S.SAri Big picture.
Long
by ssari
I've seen this before... and it didn't end wellI'm looking at all these alt charts like this and all I see is 1999 all over again... sure, "it's different this time"... it's always "different this time." But all's I know is charts like this, on a historical basis, are not sustainable. That's all I know... If you are making hay RN I wish only the best outcome for you moving forward, but I get more and more cautious the more I see these. I've missed the vast majority of these moves; full disclosure. But it's because my experience tells me to be careful. Big money is being made and will continue to be made... for a while. Yet, I feel it my duty to publicly say... on a historical basis... this does not last; so I'm not expecting it to.
by HumbleFutures
9
Is HOTUSDT nearing its Peak? Going back in Mid March, when HOT was under consolidation for more than a week, post which it decided to launch and looks like now it is almost nearing the peak. Overall, Hot is definitely moving in an upward trend (Two black parallel lines) and within that channel it has also formed another upward parallel channel (yellow area). Going by this pattern, HOT could potentially touch another high somewhere close to 0.0312 or it might go under another consolidation before launching again. HOT is also being supported beautifully by EMA 25 all this while. However it might soon corner HOT against the upper Black line. So what would be interesting to see would be if HOT breaks the upward channel or surrenders against EMA 25 to make it its Resistance. As shown on the chart there are two potential scenarios here Scenario 1 (Black path) - EMA 25 and the candles meet somewhere close to the Red line illustrated in the chart and bounce up to create another All time High. Scenario 2 (Purple Dash path) - HOT to go into consolidation before launching up again. There is a very good opportunity for the traders, however would advice being cautious considering HOT is getting into the corner. If you like my analysis then do send your support using LIKE button and dropping a COMMENT. Also do SHARE it with your friends. And don't forget to smash that FOLLOW button to get daily analysis on different crypto currencies. NOTE: These are my personal notes and in no way is a financial advice. Do your own research and Trade wisely.
Long
by Manjyot