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Holocoin

HOLO (HOT) paired with USDT, focusing on a 4h tmeframeTechnical Analysis by Blaž Fabjan Ascending Channel: The price is moving inside an ascending channel with clear resistance and support lines. This channel is characterized by higher highs and higher lows, indicating an upward trend. The price has previously bounced off the support line multiple times, confirming the validity of the ascending channel. The price action is approaching the upper resistance line of the channel, which could act as a barrier for further upward movement unless broken. Potential Scenario: The chart suggests a pullback after testing the resistance, with the potential for the price to drop back to the support line of the ascending channel before resuming its upward momentum. The upward arrow drawn on the chart indicates an expectation of a bullish continuation after the pullback. RSI (Relative Strength Index): The RSI indicator currently sits around 58, which is in the neutral zone, not showing overbought or oversold conditions. This suggests that there is still room for the price to move in either direction. A possible future rise in the RSI towards overbought levels (above 70) would align with the forecasted bullish move. Stochastic RSI: The Stochastic RSI is above 80, indicating that the asset is in overbought territory. This supports the idea of a short-term pullback before another upward move. Once the Stochastic RSI cools down and approaches oversold levels, it could signal a better entry point for a long position. MACD (Moving Average Convergence Divergence): The MACD is slightly bullish with some divergence, showing that momentum is in favor of buyers, but it's not very strong. A potential bullish cross of the MACD signal lines could confirm further upside momentum. Volume: The volume seems relatively stable, although not significantly high. Higher volume on a breakout above the resistance line would confirm a stronger bullish trend. Trading Plan: Entry Point: Wait for a pullback towards the support line of the ascending channel (around $0.00165 - $0.00160), which could provide a better entry point for a long position. Confirm entry with a bounce off the support line, or when indicators such as the RSI or Stochastic RSI reach oversold conditions. Stop Loss: Place a stop loss below the support line of the channel, at approximately $0.00155, to limit losses in case of a breakdown below the channel. Target: First target: Resistance of the ascending channel (around $0.00180 - $0.00185). This aligns with the previous highs, offering a solid take-profit level. Second target: If the price breaks above the resistance line with strong volume, the next target would be around $0.0020 or higher, following the bullish projection shown by the arrow in the chart. Risk Management: Ensure the risk-to-reward ratio is favorable, aiming for at least 1:2. For example, if risking 5% (stop loss at $0.00155), the first target should yield at least a 10% gain. Confirmation: Before taking any position, look for confirmation through price action, such as bullish candlestick patterns (e.g., bullish engulfing) or strong buy volume when the price touches the support line. This trading plan outlines a potential setup based on the chart. However, always remember to adapt based on real-time market conditions and further confirmations from your indicators.
Long
by elfabiiani
Holo; can break the parallel channel it created.Gaining massive support with its Web 3.0 project, Holochain draws attention with the graphic structure it creates in trade processes. There is a parallel channel formation and the test phases of the lower-middle-upper bands of this channel seem to have been completed. If bitcoin continues to move horizontally or upwards and there is no problem in the markets, it may reach the targets in the short term. If the upper band is broken and the test is successful, the targets are: TP1: 0.014 TP2: 0.017 TP3: 0.019 It is not investment advice. Cryptocurrency trading is quite risky. Please use stop-loss.
Long
by h-i-g
$HOT. Holocoin. Ship is turning.At least it is slowing. Which is normal for a change in buyer sentiment. At the moment it’s looking pretty undecided. Which is exactly how I feel so it looks like I’m properly aligned today. This turned out really well to fit the Gann fan. You can see really clearly how price is spending a long time in the wide areas and less time in the steep areas. This should indicate to me that if there is indeed continued interest in the crypto market, that it’s sitting in a very good buy pocket. The big challenge with trading in general (assuming you are looking to buy) is that to protect profits you have to buy before it’s entirely obvious. This makes it almost totally indistinguishable from when buyers are being suckered in before a push down. For my life I couldn’t tell you if the bulls are patiently waiting for good prices before charging the market again, or if the bears are going to hold on and send us back to 2020 levels. I’m a big believer in the positive changes these technologies will bring about in society, so I’m heavy on the bullish side. I have no doubt that these will long term pay me back quite well, however, I am worried that speculative investing could hold the market down indefinitely. All I can say is I hope the good guys win.
Long
by emehoke
2
$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.
Long
by emehoke
12
$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. --- I'm making plans for my purchases once my binance.us account gets verified.
Long
by emehoke
5
Now is not the time to buy HOLOAt this time, we don't recommend HOLO as an asset for your new long orders. And there are many reasons for that, here are some of them. If you're a risk-taker on Altcoins, you're too late. This coin made 480% last month, and in the three and a half months since the beginning of the year, it has made a whopping 1500% profit. That's fine if you caught that profit, but if you weren't among those lucky ones, there's no need to place your long orders now. We at Penygene certainly wouldn't mind increasing our capital by that much, but even more, we would like not to lose it as foolishly as we might on an Altcoin buying of this kind. All small-cap Altcoin trades are risky, especially when you're thinking about placing your long position on high. We call them risky because of the Risk/Reward ratio, in the worst case it should be at least 1/2, and in the case of volatile Altcoins, the ratio should be much higher. The current price of the asset and its recent tremendous growth, of course, will not give us such a ratio of potential profit to potential loss, so such a trade is obviously risky. For HOLO further growth with the same intensity is not possible yet due to many factors. (very overheated coin, small capitalization, and no good correction after recent ATH). Also, based on our monitoring of Altcoin, we can very likely say that the price of this coin can continue to rise further. This overheated growth can be as much as 60-80%, but would you want to risk your money knowing that you must risk losing $2000 or even more just to have a chance of making $1000. Obviously not. Over the past three days, the price accumulated enough liquidity on the 0.003-0.0035 range, and jumped up from it by 200%. If you look at HOLO from the side of technical analysis, you will realize that a further increase of the price of the asset can not be called other than an overbought, the further growth of the price in these conditions is almost impossible to predict, it's a lottery. If you have existing long HOLO positions, it's time to close them, that's probably the only advice we have.
by pennygene
6
HOLOCOIN growing like a seedA couple of days ago i posted this: My thoughts on this chart as of today: - Were holding the 0.786 Fib nicely this obviously resulted in a continuation to the upside. - We might be forming a new bullish triangle - I expect at least an attempt to break the 1.618 fib lvl like we did in 2019 - As were currently in a new bull run i expect more volume than in 2019 so we might even go higher this time. - Slight bullish divergence Good luck guys! HODL HODL HODL :D This is gona be a HOT Year!
Long
by FaridoB
5