HOTUSDT trade ideas
HOTUSDT: BEARISH CHANNELING,TEMPORARY SHORT OPPORTUNITY ON HOLO?Hello Enthusiast Coin Traders! Here's short-term outlook for HOLO , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
a) HOLO is moving below exponential moving average 21&34
b) Breakout of ascending broadening wedge could indicates a potential Bearish Bias
c) MACD indicator starts crossing below the zero level area, it signify the potential Bearish Bias Ahead
d) Stochastic has crossing down in the neutral area, it also signify a stronger momentum going downward.
The roadmap will be invalid after exceeding the support/target level
*DISCLAIMER:
This isn't a recommendation to buy or sell cryptocurrency, only an Outlook from technical perspective.
HOTUSDT is trying to have a breakout HOTUSDT is trying to have a breakout from the descending channel after the price bounced on the weekly support.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
HOT/USDT APEX triangle patternApex triangle is one of the strongest pattern, an idea entry point would be the retest on support 0.007554 (Blue line) of the Apex triangle before next bounce off. Applying Eliot wave theory, I would expect a final wave F towards the upside, breaking out of the Apex. At least 300% gains towards previous ATH. This is a bullish scenario. Highly dependent on BTC.
HOTUSDT is going to test the daily resistance HOTUSDT is going to test the daily resistance after the price bounced on the dynamic support.
IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
🔥 HOT Bullish Channel Reversal: +130% GrowthWith crypto reversing, HOT is naturally following the market trend.
Interestingly enough, the reversal of HOT occurred on a very important point, right at the bottom of the bullish channel.
Assuming that BTC will remain bullish / neutral in the near future, there's a decent probability that HOT will see more bullish price action and move towards the top of the channel.
Target would be the top of the channel, >130% gains potentially.
Happy trading!
HOT support will not let the price fall!Today we have a HOT coin in our review. The price is at the support line and an upward impulse has begun. It's time to enter for a bullish play, the targets are marked on the chart. By the way, these are coins for today + 13% - the best dynamics in the whole market (USDT-M)
HOT - Accumulation?Before I begin, this is a speculative call.
That said HOT does appear to be in accumulation here.
The circled area shows tight horizontal price action consolidating on the 0.382 fibonacci retracement. It has not responded with BTC having a powerful rally, and also it doesn't appear to be reacting much to BTC downside so far. This suggests that pressure is building. Tight price bands lead to explosive moves and the fact that price has not reacted to wild BTC movements shows further cause.
It has had an upside fakeout over the last days. This could be interpreted both bullish or bearish but considering that the downside return happened as BTC became bearish, I would guess that this will prove to be a bullish fakeout.
I won't be buying this until BTC looks set to bounce with divergent bullish RSI.
It really depends on how HOT reacts to further BTC downside. If it holds the tight price action or has a downside fakeout with return to the accumulative area then I would guess this will be ready to rock.
This will be a very risky trade if the opportunity comes, but it could be very rewarding. I'm not so much interested in the gainz, just doing my homework really, but I will have a tickle if the chance comes.
Not advice.
HOT interest ZONEBINANCE:HOTUSDT
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Possible Targets
➡️On right side I marked Interest ZONE where we can see huge volume from buyers
➡️ On RSI we are lay down on bottom on D1 - bullish
➡️Can see one squeeze down grab liquidity in imbalance zone (huge wick on D1)
➡️Yellow lines I marked potential move for HOT in next few weeks.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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HOT @ $0.02 Coming in Early 2022In my previous analysis, I thought that HOT would reach $0.02 by the end of 2021. That won't happen. However, I think the latest market correction is coming to an end for most (not all) crypto. HOT is a great project with a lot of exciting activity planned for 2022. The 2021 HOT mark up saw price reach $0.03. The distribution phase ended in July, bottoming out at $0.005. We are currently still in an accumulation phase. Early 2022 should see HOT reach $0.02 and could even reach $0.05 and above. As always, there are a lot of external pressures on crypto. Macro shocks and policy decisions can drive prices down. Risk management is critical to prevent unnecessary losses.