HOTUSDT (HOLO) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- HOTUSDT was resisted by the descending trendline resistance (DTR-1).
- Price brokeout above the descending trendline resistance (DTR-1).
- The market hit a swing high and retraced.
- Price is retesting and descending trendline resistance (DTR), the key fibonacci retracement zone (0. 5-0 .618 - 0.786) and horizontal support level (S1).
- The retracement is resisted by the descending trendline resistance (DTR-2).
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR-2).
- Retest of the descending trendline resistance (DTR-2) after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.
HOTUSDT.P trade ideas
$HOT update. Holocoin. Still following the lines.This is a really textbook thing that price does before it goes higher. Price spiked low, and came back up sharply showing keen buyer awareness. What this chart is telling me is that it not only wants to go higher, but now it is ready to.
If you have access to an exchange you could buy now and put a stop at .11-.10. If not you could just buy it and hold it. If the crypto market continues to perform this coin should benefit.
If you have the ability to watch closely you should only buy on the confirmed break of the upper channel trendline.
hotusdt trade from my personal view I see that we can see a impluse to the upside because we have an impluse and retracement . maybe we will see another impluse .
if we broke the green line with the body of the candle we can see a bullish momentum to the upside and we can take as target the firs blue line or the third blue line
I hope you all the best
HOT / TetherUS Opportunity 240Hey friends, HOT / BTC is still in a good bullish push, there is formation for you in the crypto market. This coin has a strong upside potential thanks to the uptrend line so far really falling but a strong presence of bulls. It's about to test the uptrend line. As price and price consolidate, we may need to face a strong push up to test the key resistance area with the token number of 0.0618. On this leak likely to come in order to get the latest new top to check the uptrend line on the signal on the Rsi. Take a stand after the escape.
Please like and follow, thank you.
$HOT. Holocoin. Looking to buy and hold.This is the same price pattern I've been noticing throughout the crypto verse before big moves.
It has 10x'ed this year, and is sitting above .01 at a slashed price with 2.3 bil market cap. I really like this factor combination.
For my proposed strategy, I have drawn on it a little more than necessary. Basically, I'm saying that any price at the moment is a good price.
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I'm making plans for my purchases once my binance.us account gets verified.
Holochain HOLOUSD - Potential Bullish ScenarioThings to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price is consolidating in a narrow range
3. Contraction in Volume
4. Price forming Triangle pattern/Pennant
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
HOT/USDT still bullish?It seems price is lingering around 0.015 and 0.016.
Looking at the price action, it seems we have posted above the other resistance level and there is a support line from the low on the 23rd of April.
Where to from here? I'm undecided. Looking at the 200 day EMA, we are still above the line. This to me indicates that it is still safe for bullish.
*this is material is for educational only and not financial advise.