HOTUSD
Holochain- PUMP IS NOT OVER!Holochain Update
$HOT/USDT
First Target Reached
Price has retraced slightly since we have reached this target, a descending channel has formed and price has recently broke upwards. This is a bullish sign and a move past the previous resistance (our first target) should bring us to our second target very soon!
See my previous post for the precision of the first target and exactly where I think we may find resistance next.
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Holochain $HOT Bullflag Breakout ImminentHolochain price has been consolidating inside this triangular pattern known as a bullflag.
A break out of the yellow trendline towards the upside would confirm bullish momentum to the upper targets.
Target 1: $0.000955
Target 2: $0.001
I may be taking some short term profits at these zones but if the altcoin market is really seeing a reversal it is possible that we may far exceed my targets.
As a long term investor in this project I will most likely not be selling at these zones. Groupchat members will be updated on the moves I am making with this investment as we get closer.
Holochain Price Analysis HOT / USD: Standing GroundHolo is attempting to stage a meaningful recovery above its 200-period moving average on the four-hour time frame for the first time since May this year. The besieged cryptocurrency has been on a one-way decline since late June this year, erasing a significant portion of its 2019 trading gains.
The HOT / USD pair had an impressive start to the year, as it advanced to a new all-time trading high by late-May and posted triple-digit gains from its yearly opening price. Holo has been less impressive in recent months, giving back seventy percent of its recent gains and posting seven consecutive weeks of losses.
This week the HOT / USD pair is starting to show signs that a potential medium-term price floor may have been formed. The cryptocurrency had recovered over twenty-five percent higher earlier this week, with price attempting to stabilize above key moving averages on the lower and higher time frames.
An absence of bullish patterns on the lower time frames makes it increasingly difficult to project the upside potential for the cryptocurrency in the short-term. With this in mind, stabilizing above important moving averages, such as the 50-day moving average and the 200-period moving average on the four-hour time frame may be key for continued bullish sentiment.
Short-term technical analysis suggests that the HOT / USD pair ideally needs to advance towards the 0.001000 level to secure the next round of strong buying interest. Traders should look for the cryptocurrency to hold onto its recent gains as a sign that an even stronger recovery may be coming.
Looking at the downside for the cryptocurrency if the recent recovery is just a technical correction in a larger downtrend, then a break under the August monthly trading low will be extremely bearish and may help to accelerate the next bearish phase lower towards the current January 2019 trading low.
According to the latest sentiment data from TheTIE.io, the short-term sentiment towards Holo is bearish, at 38.00 %, while the overall long-term sentiment towards the cryptocurrency is neutral, at 45.00%.
HOT / USD Daily Chart by TradingView
Upside Potential
The four-hour time frame is showing that bulls failed to hold price above the 200-period moving average, although price is stabilizing above the 50-period moving average. Bulls must hold price above the 200-period moving average on the mentioned time frame for further bullish advancement.
The daily time frame highlights that price is holding above 50-day moving average, with the pair’s 200-day moving average still relatively far away, around the $0.001300 level.
A large inverted head and shoulders pattern can still be seen on the daily time frame, with bulls needing to rally the cryptocurrency by some fifty percent to reach the neckline of the pattern.
Downside Potential
The four-hour time frame is showing that the $0.000800 level is next major support zone to watch if the cryptocurrency starts to slip. If we trade below this key technical area, then the August monthly trading low will start to come into focus.
The four-hour time frame is also showing a bearish head and shoulders pattern, which has yet to reach its full downside projection and remains valid and dangerous.
Summary
Holo has showed its first real signs of price stabilization since rapidly unravelling from its current 2019 trading high.
Bulls will need to stabilize price above the key short-term and medium-term moving averages in order to encourage the next round of technical buying interest.
Possible Upwards Breakout (Bullish Divergence)Bullish Divergence shown by the RSI (Higher Lows, Lower Highs) / (Lower Lows, Lower Highs) on Market Price
Finding Support from previous resistance
MACD showing bullish signs
$HOT- Holochain in a buy zoneHolochain has seen a % pump over the past few days, which has led to the completion of this Elliot wave.
Doing a fib retracement of the entire wave I laddered my buys between .000452-.000460.
The significance of those prices is that they are right in between the .5 and .618 retracement zones.
The .618 zone being known as the "golden zone"
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I will be creating a trading course that goes into detail about:
-Elliot wave theory
-Fibonacci retracement
-.618 fib zone, and why it is the "golden zone"
-how you can apply knowledge from these subjects into your trading
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Analysis and Bullish Case - Strong Buy on HOLOThis is one of my favourite Altcoins and it's just approaching a no-brainer strong buy area.
HOLO survived last year's Crypto Winter showing a lot of relative strength against the ALT market, last month it broke out its main resistance near $0.0015 and rallied to $0.0027 as an immediate reaction. In the last few weeks it's still correcting the recent rally in what I see as a normal consolidating movement, it may look as a bit of intense correction, but given the overall strength of it's pattern it's just normal to re-visit the breakout area (which is now a strong support level), and this big movements just anticipate the intensity of what's coming next.
Using the semi-log scale and a classical technical analysis approach for speculative moves, the projected target for last month's breakout is around $0.0050 , and the beauty of it is that it's still in-play even after this huge correction.
HOTUSD Has one of the best looking charts ...The daily chart on this is a bit choppy and difficult to read. Once you turn to the Weekly time frame, the story is clear. Sundays candle will be very telling in my opinion. See you Sunday to see how it closes.
HOTUSDI think we've reached an important support zone in Holochain, and I'm looking forward to seeing a price reversal in the near future.
What do you think? Let's make a plan together!
This post is just for study and back-testing of my trade.
Does it matter if it's going long or short? No, it's most important not to lose.
Let's not forget that we have a stoploss
bless you :)
$HOT IS A GEM ON #BINANCE THAT YOU SHOULD TAKE A LOOK!Imagine this,
You're new into crypto-stuff, and then you see green everywhere but don't know where to start. Once you deposit your fiat, you really get confused. If you buy the green candles, you remind the OGs said that don't chase pump. You're afraid that your beautiful wish to be profitable trader, become a nightmare because you don't pick the right choice.
So, you do your own research.
While searching here and there and gathering the information, you saw my post. I post about $HOT.
This is really interesting, becasue $HOT is having their own product built. Have a decent growth so far and it's not too much to ask at least 50 sats or below 100 sats. I think I'm also agree that great things take time, and you have no problem with that. Then you convert your fiat money into $HOT holding.
Let's see, what it will become.
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TIPS: PATIENCE & PERSISTENCE ARE KEY TO SUCCESS
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. I will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
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Holo/Bitcoin/Tether (13 May) #HOT $HOT #BTC $BTC #USDT $USDTMFT is moving in the Falling Wedge formation combining Wolfe waves, this is a bullish formation and we can expect the target to 60-62 within 1 week. However, according to me, MFT is not in safe price range for holding long-term. Because MFT owes us 1 leg in 40-45 zone.
I suggest to buy at 49-50 range and sell around 60-62. Then set alarm at 40-45 zone and buy for holding long-term
Stoploss if price falls off the big Falling Wedge fomation, is below 40