HOTUSDT Bullish Impulse is hereHey guys, here with another analysis. HOTUSDT been waiting for it to reach this area for some time and we are here. Please do like, comment and follow for more if you want more analysis like this.
Daily, we can see it has come to this S/R area where I havent seen a bullish candle yet, but I see exhaustion of sellers. Better confirmation would be to wait for the daily bullish candle to form then entering.
Coming down to H1 we can see bulls are trying to get in and I have entered already. If you trade futures, then please use small leverage 5x etc. or you can just buy on spot with some of your capital and hold it. The target I showed you is about 70%. But i see it going to at least $0.04. Please know that I have taken a aggressive entry.
Please if you do enter, use proper risk management because crypto can be really volatile. This is just an analysis, enter if your rules are met, I am just showing you a potential trade which can bring profit. Bye :)
Hotusdtlong
HOT looking bullish ;)Well we have seen HOT do a correction in the past days, after a big growth in the past few weeks. It looks now as it is about time it will go up again, trying to reach new ATH. It looks as in the 6h pattern is creating a very strong bullish pattern that could breakout anytime soon. Indicators show that it could follow two pathways, so you need to make your own research before investing. It did try to break the resistance levels but it retraced back and now forming good bullish form for long term. In the next 1-2 days if the breakout is confirmed, we could see a very bullish uptrend. If it goes down, another very good entry point at the area mentioned. HOT is actually a very good project, which I see it as a long term investment. It just maybe need some time to cool off. The new targets are 0.031-0.035 area and then trying to reach 0.045. If it breaks that, we could see it going 50-100%. It is a matter of days now. Do your own research too. But HOT is still HOT. :)
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.
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NOTE: These are my personal notes and in no way is a financial advice. Do your own research and Trade wisely.
HOTUSDT forming bullish Shark | Upto 112% move aheadHi friends hope you are well, and welcome to the new update on HOLO token.
On the small-time period chart, the price action of the HOT token is completing the last leg of bullish Shark pattern, on breaking down the 25 simple moving average the pattern will be confirmed.
Buying and sell ranges:
The buying zone starts form 0.886 to 1.13 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of potential reversal zone at 1.13 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 112%, and the loss possibility is 21%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.