HOT is forming an inverted head and shoulder formation after the break from a wider triagle.
When we detect this formations then the odds for the underline is to move higher.
So if we manage to break the neckline then we must see the underline to move to the first target (0.0217) and then to second target at 0.0226.
We want also to see high volume on the break of the neckline.
If we break the neckline and manage to consolidate betwwen 0.0217-0.0226 the we can set see higher price targets to 0.0247
When we detect this formations then the odds for the underline is to move higher.
So if we manage to break the neckline then we must see the underline to move to the first target (0.0217) and then to second target at 0.0226.
We want also to see high volume on the break of the neckline.
If we break the neckline and manage to consolidate betwwen 0.0217-0.0226 the we can set see higher price targets to 0.0247
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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.
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.