Holo (Hot/usdt) Trading idea
Are you planning to open a position on Hot/usdt, are you bearish or bullish well, this is my own opinion. Hot has been trading on a descending triangle pattern since 2021 until February when it seems to have found a bottom that currently pushed it to the resistance side.
I know you would be like "which means it will go lower"
Well from my own point of view I spotted a flag pattern which has been broken and have currently pushed the candles above the trend line. More so the flag pattern happened to be the handle of the cup which you can see on the chart.
Considering that we are in a bull market and Altseason has commenced I don't think hot would be left behind as the said project is an innovative type which they have a lot on Thier white paper for 2022 which if actualized the coin could see more higher side.
However, if you think the bears will kick in then you should be targeting the bottom of the deciding triangle. The H4 and D1 RSi is already over heated by the bulls maybe it's time to chill out.
But I would suggest you don't bet against Bulls as so many countries and projects are now venturing into the crypto ecosystem.
Which ever way you decide to go kindly trade safe and stay safe.
PlZ kindly follow and tub up this post to encourage me to post more thanks
I know you would be like "which means it will go lower"
Well from my own point of view I spotted a flag pattern which has been broken and have currently pushed the candles above the trend line. More so the flag pattern happened to be the handle of the cup which you can see on the chart.
Considering that we are in a bull market and Altseason has commenced I don't think hot would be left behind as the said project is an innovative type which they have a lot on Thier white paper for 2022 which if actualized the coin could see more higher side.
However, if you think the bears will kick in then you should be targeting the bottom of the deciding triangle. The H4 and D1 RSi is already over heated by the bulls maybe it's time to chill out.
But I would suggest you don't bet against Bulls as so many countries and projects are now venturing into the crypto ecosystem.
Which ever way you decide to go kindly trade safe and stay safe.
PlZ kindly follow and tub up this post to encourage me to post more thanks
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