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Hotusdforecast

HOT about to MAKE A BIG MOVE!Hello, I am back with an idea on HOTUSDT pair, time frame 1 day. HOT for an entire year has been following a descending triangle for an entire year now that has held a strong support in the area between 0.004-0.0045. This pattern very soon can trigger a big movement, either a reversal or a follow up to the downtrend. But at the moment, to me it looks as a good entry either way following the trade with a SL in the area below 0.004. 1st Scenario - it is usually the scenario I think has more chances of happening. Looking at the daily RSI, the pattern feels ready for a small breakout of the falling wedge leading to a near 100% (dependable on the entire market movement) as generally I see a small bullish trend near March for most coins(likely altcoins). This move could be followed by a 300% move from where we are now if it break the triangle. Always look for breakout areas out of the pattern. 2nd scenario- BTC is following up with my analysis which I expect one last drop. Due to that drop, a fakeout can happen and a wick can be see formed lower than the support. However I see HOT not going lower than 0.003, and if we lose that no lower than 0.002 and from there a consolidation could take place. And then HOT can enter the triangle again. A reminder, follow the breakout areas in either sides, but most likely we will see a huge breakout or wick very soon as the volume indicates that too. If you have any comment, you are welcome. Trade safe, trade smart, and always use SL during this time. :)
by UnknownUnicorn17670525
1
BULL FLAG AT HOT. :)Hello, I am back with another idea at HOTUSDT pair. In my last ideas I showed you different scenario (you can check them in my profile) and they all played out very well. I have not deleted some parts of the charts I have been using for a month at HOT and they seem to have remained the same. Now I would like to share with you the most possible scenario and worst case scenario (dependable on BTC and its dominance) FIRST SCENARIO (high possibility to happen)- Rarely do you see a quite beautiful bullish flag as you may see it in HOTUSDT pair. We can see the continuation of that bull flag, and probably very soon it will come to an end. In that case, a real breakout confirmation it's needed in the chart. If it breaks above 0.0165-0.017, it is a confirmation for an uptrend. The red line I have mentioned in the last analysis (AREA TO BREAK) remains the same. Breaking there is a confirmation we are having a strong uptrend. TP1 sits at 0.019-0.020 for a small retest and uptrend to TP2-0.026 and TP3 - 0.031 (ATH) and probably higher. Scenario very possible as bull flags are typically very bullish moves. Don't get triggered by a small fake out in an downtrend. SECOND SCENARIO- I do not think this can happen but just a bear market can cause this. If the fake out in an downtrend closes under the yellow support line at 0.0145, the trend has changed. In that case, you can short and enter in the 0.011-0.0013 area. However, be sure to put a Stop loss at 0.014-0.0145 area. Hope you enjoy my idea and if there is any comment let me know. But all the indicators are relaxing for a big bullish move. However, you always need to be careful. Good luck trading. :)
Long
by UnknownUnicorn17670525
3
AGAIN WITH HOT! :)Hello everyone, this is the third idea I post on HOT. Last time I mentioned a few scenarios, and the one who played out we the GREEN LINE - BEAR SCENARIO. This led to forming a new line (NL in the chart/purple color) breaking the old one (OL). Still it remains in a downtrend, while in the general YTD, it has made massive a run. But where to now? Again I will mention to scenarios. SCENARIO- The first scenario looks to test again the 0.0145 area, by making a push to the area there. The line to break now, for a confirmed full short time bull run is the red line (AREA TO BREAK in the chart). If it breaks that and it holds, we see a very huge run soon. If it gets rejected, it will try to consolidate in the areas in between, which is a good thing for trying again very soon. RSI indicates that this trend will probably come to an end, looking for a consolidation moment before another run. If the run begins, it will last 3-6 days, in need to break the ATH and forming a new one. SECOND SCENARIO- Dependable on the volatility of the market, this scenario has to mentioned. If you are looking for a short term trade, you definitely need to put SL. In this scenario, (The yellow line in the chart) indicates a move to the 0.0086, where the last run started, looking to do a parabolic move again, which will lead to a new ATH. RSI indicated that too. But due to the volatility of the market in general, make sure that this does not close below the red line (MUST NOT CLOSE UNDER THE LINE in the chart) or that will indicate a quite big rejection. In short term trading, you have to be really careful with HOT, unless you are looking to fill your bags for the long term ride, there is nothing to worry as these things are very normal in the crypto market, what goes up, goes down hard. But soon it can go up hard again. So no worries. Don't forget to be careful in general with the market. Trade with patience. If you have any comment, you can share it with me. Good luck. :)
by UnknownUnicorn17670525
8
HOT is HOT? ;)Hello, I am publishing another idea on HOT. Last time, I said it seemed bullish, but did not break the triangle, so trend was not confirmed bullish. In that case the trend remained bear again, but seems as support (yellow lines) are holding pretty good. In general the market has been pretty volatile and HOT looking to recover and accumulate. As you can see from the chart, in general, HOT is very bullish in the long term, but I am going to talk about the short term and mid term scenario. In long term, you can enter anytime, as right now is a good moment. The white circle indicates and over pumped moment of HOT, as it was the FOMO. FIRST SCENARIO- HOT jumps to the TP1- 0.019$ area and then continues the trend until 0.025$ area. IMO entry point should be somewhere between the 0.018-0.0195 area. Stop loss below 0.0173 area. In the mid term, if this scenario plays out, which is quite possible, new ATH is one the verge of coming soon. SECOND SCENARIO- Not as possible as the first, but due to the volatility of the market, we can not leave without mentioning it. If it does not reverse the trend, we could see it drop to the 0.014 area first and then maybe to the 0.012 area, which will be a good entry point for another mid-term and short-term deal. In long term, HOT has opened a very bullish pattern, with more peaks to be reached. In the short and mid term, you need to be a little careful trading and do not forget to put SL. Do your own research too. Hope this has helped, if you have any other idea, you are free to comment. Good luck trading. :)
by UnknownUnicorn17670525
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
Holo (HOT) Huge Parabolic Move Potential 132% Gain in AprilHolo (HOT) Huge Parabolic Move Potential 132% Gain in April. Since the 13 EMA crossed above the 50 SMA, Holo has exploded to the upside, a 743% Gain from the 13th March @ $0.0026 to $0.0251 on the 30th March. Congratulations for those that have been holding HOLO from the start of the year over 10x gains made in less than 2 weeks during 'march madness'. From the current price level we expect a small retracement to test the 61.80% Fibonacci level before continuing pushing back past the ATH and our price target of $0.033 at the 161.80% Fibonacci level. Due to such strong bullish fundamentals and the current price of the coin, HOLO is expected to gain a lot of attraction from investors looking for similar gains like the one we have just experienced during March. The worst case scenario from here would see HOLO retrace back down to the range between the 50% and 38.20% Fibonacci level and test the 50SMA as some profit taking will be expected with such a huge parabolic move in the past 2 weeks. Be patient, wait for further confirmation from price action, and use buy zones to map your buys or to dollar cost average and accumulate more HOLO. There is a potential 132% Gain here from the 61.80% Fibonacci level (Buy Zone 1). Happy Trading :) Key Information: Holochain is an open-source framework and network protocol for developing peer-to-peer scalable and efficient applications. It is fast, secure, and versatile, which makes it perfect for a wide range of everyday apps. Its long list of uses include social apps, team collaboration, Internet of Things, currencies, and much more. Holochain is a peer-to-peer innovation beyond blockchain that can actually deliver on blockchain promises. Effective solutions As the Holochain platform, doesn’t incorporate any form of Consensus mechanism, it is highly eco-friendly in nature and occupies a very negligible amount of bandwidth when compared to major blockchains like Bitcoin and Ethereum. This nature of the holo tokens has made them one of the most beautiful things for the environmental issues as no electricity wasted as such. The team members of the Holochain are some of the most highly experienced in the field of programming. The Co-founders itself have an experience of 34 years in the field of programming. Also, the Chief architect of the cryptocurrency project has been a contract coder along with working on Artificial Intelligence and an online currency development, since the year 1984.
HITBTC:HOTUSDLong
by CryptocurrencyMagnet
7