HOTUSDT trade ideas
Holochain (HOT) looking to explode soonAnalysis of HOT/USDT chart. MACD indicator is starting to show positive momentum being built. RSI indicator shows how we have broke a downtrend while being positioned at a good mid-level of about 53%, ready to take off. If we break the downtrend on the daily chart, big green candles would be printed really fast in my opinion. Let's see what time will tell us.
Take Profit Levels (TPs):
1st = $0.01650
2nd = $0.02825
3rd = $0.03160
HOTUSDT - Rising channel HOT in a rising channel touching support.
IF the BTC.D drops further then we could see a bounce for ALTS
Hot might move back towards the resistance line of the channel.
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[Update] HOT / USDT Falling wedge in final phase DailyHey traders,
HOT / USDT is in a bullish failling wedge configuration with a rebound off the bottom of it, as well as a horizontal support area and the test of the upward trendline in validation.
It is very plausible that the failling wedge will break the downtrend line at the same time in order to pass the last high and reach the top of the neck line in (orange).
Once the goal is reached a collapse will occur, take care to ensure your gains.
This is not an investment but a recommendation for use
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🔥HOT- Incoming Wave 5 / Rising wedgeThe price broke above horizontal resistance and is now testing it as support. It is also being supported by dynamic support (blue). We can spot a falling wedge pattern formed on lower timeframes, and once the price breaks out of it, we can expect further expansion. In case buyers fail to hold current levels, the next area of strong support is around key level (0.009x)
Entry: buy at current price
Targets:
-- because of the possible falling wedge formation the ultimate target is the upper trendline (grey dashed) --
fixed targets:
0.013541
0.014441 (local level- red)
0.015156
0.016862
0.019215
0.021470
0.024680
0.028211
0.031690
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About HOLO:
Holo is a peer-to-peer distributed platform for hosting decentralized applications built using Holochain, a framework for developing DApps that does not require the use of blockchain technology. The goal of Holo is to serve as a bridge between the broader internet and apps built using Holochain, offering an ecosystem and marketplace in which DApps are easily accessible, as they are hosted on the internet by Holo network participants.
The Holo network will be facilitated using a token called HoloFuel, which is actively being tested and will act as an accounting system to pay hosts for their services. In 2018, the project minted an ERC-20 token, HOT — also known as HoloToken — as an "IOU" that will be redeemable for HoloFuel upon launch.
Holo is still in development and is expected to launch for open alpha and beta testing by 2021.
Source: coinmarketcap
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.
HOT's Bullish Potential!Hi every one
HOLO / TETHER
HOT has Formed a Bullish Pattern! This Bullish Pattern is a Bullish Flag! The flag has the Potential To Increase the Price of HOT as much as the measured Price Movement which is The Flag Pole Here. But since Break out has not happened yet, we can not Rely blindly on it! wait for a break out & than Enjoy a Easy Profit!
🔴Summery:
-HOT is in a Bullish Flag!
-It can Increase as much as the Flag Pole!
-No break out yet!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck