HOT
🆓Holo/USDT Analysis (8/4) #HOT $HOTThe buying force is still trying to push HOT up and it is heading to 0.028$ zone, at which I think the selling force will exist there to push it down to 0.015$ zone
If it could conquer the 0.028$ zone successfully, it will keep moving up to 0.044$ zone.
📈BUY
-Buy: 0.0215-0.0225$. SL B
-Buy: 0.0145-0.0155$. SL B
📉SELL
-Sell: 0.0275-0.0285$. SL A
♻️BACK-UP
-Buy: 0.0275-0.0285$. SL B
-Sell: 0.043-0.045$. SL A
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
HOT.USDT (Y21.P2.E2).Can the story continueHi Traders,
This could have 2 bullish scenarios, I think the dump was it, to find the bottom.
a) A big move dump and pump with a 1, 2, 3 impulse, unlikely
b) A re-accumulation structure with the assumption its alt season.
Scenario b) could have us in the lower levels for some time and as people milked it for what it had.
If it was xrp, they would have fomo 'ed in but the HOT community, does it exist.
Bearish thoughts, this could be a topping formation.
I'll just use some of the HOLO profits back in and not look at it for some time.
For now, I'm just going with this formation, and looking at its target levels,
How it get there is the question. We need to stalk it moving foreward and see what clues it drops.
All the best,
S.SAri
Big picture.
I've seen this before... and it didn't end wellI'm looking at all these alt charts like this and all I see is 1999 all over again... sure, "it's different this time"... it's always "different this time." But all's I know is charts like this, on a historical basis, are not sustainable. That's all I know... If you are making hay RN I wish only the best outcome for you moving forward, but I get more and more cautious the more I see these. I've missed the vast majority of these moves; full disclosure. But it's because my experience tells me to be careful. Big money is being made and will continue to be made... for a while. Yet, I feel it my duty to publicly say... on a historical basis... this does not last; so I'm not expecting it to.
HOT Retracement Holochain recently hit a new ATH at around 50 sats and has retraced since to previous support around 40. This was a healthy correction needed for HOT to sustain a more steady upward movement in the coming months. It looks to be holding and moving sideways at this level for the moment but if broken down could see more downside potentially to the 30 sat range. A retest of 50 is very possible this month with the potential for new all time highs by May.
Why HOT drop so muchLast few days HOT had some good pumps but you might had notice a huge drop, the few pumps were bit odd outside of its normal behaviours, but it now back on its normal track, as we saw it curve down and we are now at the bottom and should start to curve up soon to go up correctly again. We might see some slight drops but I doubt we be going far beyond those yellow line.
Is HOTUSDT nearing its Peak? Going back in Mid March, when HOT was under consolidation for more than a week, post which it decided to launch and looks like now it is almost nearing the peak.
Overall, Hot is definitely moving in an upward trend (Two black parallel lines) and within that channel it has also formed another upward parallel channel (yellow area). Going by this pattern, HOT could potentially touch another high somewhere close to 0.0312 or it might go under another consolidation before launching again.
HOT is also being supported beautifully by EMA 25 all this while. However it might soon corner HOT against the upper Black line. So what would be interesting to see would be if HOT breaks the upward channel or surrenders against EMA 25 to make it its Resistance.
As shown on the chart there are two potential scenarios here
Scenario 1 (Black path) - EMA 25 and the candles meet somewhere close to the Red line illustrated in the chart and bounce up to create another All time High.
Scenario 2 (Purple Dash path) - HOT to go into consolidation before launching up again.
There is a very good opportunity for the traders, however would advice being cautious considering HOT is getting into the corner.
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NOTE: These are my personal notes and in no way is a financial advice. Do your own research and Trade wisely.
HOT.USDT (Y21.P2.E2).This has been nice to me.Part 2Hi Traders,
If you know something about levels then you will know that this is still bullish and has potential to keep going up.
I wish for the newbies to understand levels and not just patterns. If this level holds, it has plenty to give like bittorrent or wink
However we have this risk looming above us, a rising wedge
All the best,
S.SAri
ETH.BTC.HOT.BNB.WIN TA (Y21.P2.Video8).Current statusHi Traders,
I do a review of the following coins > what's taken place and what its likely to do.
I also cross reference it with a few assumptions including BTC dominance.
> ETH scenario
> BTC scenario
> HOT scenario
> BNB scenario
> WIN scenario
All the best,
S.SAri
HOTUSDTHOT had a good run... I'm keeping an eye on it.
A few hours ago it got rejected by a resistance but it got a good support while falling down. Right now it's the second coin right after HNT on the Binance hot coins list.
If you're looking into opening a long position, you should wait for it to pass the first resistance and confirm a break out. wait for the first 4H candle to close above the resistance and then open your long positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
HOT is HOTWow, this has been crazy...
Now that my uppermost price point has been taken out... where from here?
I’m still looking at it, but it has been following this channel.
We could see 0.030’s then a huge drop to 0.010.
We could see sideways from here before another spike into 0.05.
This will just need time for more data on the path being taken.
But sideways for a while isn't a bad thing.
A break from this channel to the low side would indicate a pro longed sell off.
#profittaking