Holo | HOT is looking like it is nearing a good bounce point
Holo | HOT is looking like it is nearing a good bounce point
The key indicator here is the breakout of the CVD trendline with an oversold divergence - BTC is still expected to head down a little further so a decent stop-loss below key support is necessary with targets sitting around two untested weekly pivots
| 2 x Untested weekly pivots make for a good TP target
| Retrace expected at the top of the descending range and where the 20 D.EMA is expected
| Using larger stop here as further BTC downside expected but not heavily continued
| Nice CVD Trendline breakout
| Small divergence in oversold territory
The key indicator here is the breakout of the CVD trendline with an oversold divergence - BTC is still expected to head down a little further so a decent stop-loss below key support is necessary with targets sitting around two untested weekly pivots
| 2 x Untested weekly pivots make for a good TP target
| Retrace expected at the top of the descending range and where the 20 D.EMA is expected
| Using larger stop here as further BTC downside expected but not heavily continued
| Nice CVD Trendline breakout
| Small divergence in oversold territory
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.