HOTUSDT trade ideas
HOT possibly starting wave 5HOT seems to have finished the ABC correction of wave 4 and starting subwave 1 of wave 5 here. surely all depends on BTC to hold above previous low and HOT to to hold above previous low as well...
My reasoning behind this is that the correction has been deeper than the 0.786 fib level and that it has managed to not form a lower low during the last BTC dip. the correction on HOT is longer than most other coins that could still be forming wave B of the correction...
would wait for a pullback before longing here, because SL would have to be placed below swing low
¿start of uptrend?As you can see in the white lanes there is a broken trend and it could be considered the start of a new trend.
The blue lane is a resistance lane that I hope it becomes in a lane support.
The RSI is increasing.
In 4 hour period we can see that SuperTrend determines a new buy zone.
Lets see whats going to happen.
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HOTUSDTHOTUSDT 1 DAY CHART!
GREEN = RECISTANCE POINTS!
CHECK ON THE 4H CHART THE CONFIRMATION FOR GOING UP!
HOLO - Buy Setup Forming - Wait For It!Hello everyone, if you like the idea, do not forget to support with a like and follow.
HOLO is sitting around strong demand in green so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
on H4: HOLO is forming a channel in blue but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, HOLO would be overall bearish can still trade lower inside the demand zone before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Hydro protocol is forming a butterfly on the 5th wave of Elliott3-4=0.78 X-3
if 4-5=0.38 3-4=$0.0097 *more likely*
tp1=1.6 4-5=$0.0029
tp2=2.24 4-5=$0.0018
tp3=1.27 X-3=$0.0014
if 4-5=0.88 3-4=$0.025
tp1=1.6 4-5=$0.0016
tp2=1.27 X-3=$0.0014
tp3=2.24 4-5=$0.00049
HOT/USDT Held Weekly Demand1. held weekly demand with the daily close @ 7180
2. Bearish market structure breaker (MSB) @ 11600
Break the MSB --> higher high made --> wait for higher low to be made by testing MSB as support --> bullish market structure (MS) established
If we flip MSB I will add spot to target daily supply @ 20000 for 75% move!
HOT is forming bat reversal on the 5th wave of Elliottbat harmonic pattern:
3-4=0.5 X-3
4-5=0.38 3-4=$0.0142
or
4-5=0.88 3-4=$0.027 *more likely*
tp1=1.6 4-5=$0.0042
tp2=0.88 X-3=$0.0037
tp3=2.6 4-5=$0.00132
HOT/USDT Bullish DivergenceRSI bullish divergence
Wait for a volume confirmed bounce.
Market Structure Breaker (MSB) @ red line. Break that and retest, then we're bullish.
HOT bearish. Target 0.008-0.009$HOT in a descending triangle, and could break down soon. General market sentiment is also bearish. Target is April low of 0.008-0.009.
Holo chain - Start ( HOT )We buy in two areas. Stop making. And in each encounter with the targets, we exit a certain percentage. We are not afraid and we wait. Be sure to set limits for your goals. We also manage capital and import 9% of hair capital.
Good luck ------------------- MR.KASH
Holo Accumulation Wyckoff ideaJust an idea.
I hope holo will go very soon but if it need to accumulate a bit longer its no problem.
it seems like it is at the very bottom because normally holo is one of the biggest bleeders in a down market but yesterday it showed some strength and today aswell.
According to this idea we maybe need to be a little more patient.
The pattern shows similarities with the Wyckoff chart.
