HOT/USDT, change of character
Updated
Hello my friends. I have returned after many years of silence.
I hope everyone is doing well.
Hot is just sitting on the edge of the ICloud. Time to start looking. I only trade longterm these days and most of my charts are weekly time-frames.
So, the Tenkan-sen (Conversion Line): green line is about to cross the Kijun-sen (Base Line): red. This would be a strong signal for longer-term trends change. Kumo (Cloud): is still red but edge is facing upwards. Thee chikou Span is still under cloud and is edging free of past trend noise. This could be an interesting time to monitor and start thinking about putting a few percent of your portfolio into hot. To play it safe, wait until price has moved out and retested the saucepan handle, wait until the Kumo cloud has rolled green and the Chikou Span is free from past noise and pointing skyward. Once these options are filled buy some hot at each zone until trend reversal. Price is also out of TAD see screen grab below. I have had good long term results following these two chart indicators and only enter when all conditions are met and those conditions are edging closer for hot. Okay, good luck all.
I hope everyone is doing well.
Hot is just sitting on the edge of the ICloud. Time to start looking. I only trade longterm these days and most of my charts are weekly time-frames.
So, the Tenkan-sen (Conversion Line): green line is about to cross the Kijun-sen (Base Line): red. This would be a strong signal for longer-term trends change. Kumo (Cloud): is still red but edge is facing upwards. Thee chikou Span is still under cloud and is edging free of past trend noise. This could be an interesting time to monitor and start thinking about putting a few percent of your portfolio into hot. To play it safe, wait until price has moved out and retested the saucepan handle, wait until the Kumo cloud has rolled green and the Chikou Span is free from past noise and pointing skyward. Once these options are filled buy some hot at each zone until trend reversal. Price is also out of TAD see screen grab below. I have had good long term results following these two chart indicators and only enter when all conditions are met and those conditions are edging closer for hot. Okay, good luck all.
Note
Finding resistance at the 200 EMA and support on the 20 EMA. We need to break the 200 EMA to complete a true change of character to the upside.Note
Note
If this stays above the 200ma in the coming week, our trade looks promising.Note
Price touched the median price range of the fan and is still sitting below. We are not above the fair asking price.
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