HOTUSDT.P trade ideas
HOTUSDT 4/12/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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First time to a TA on this pair. I'm not particular with the fundamentals of this coin as I focus more on technical.
Daily Timeframe
This coin go up by 160x from March 2020 up to today. If you're all in this coin, then WOW!. I think the trend is currently at Wave 4 of this Larger Wave 5. I'm not sure if this will bottomed soon for a chance buy but the daily timeframe tells us of a potential bullish divergence. I think the main confirmation to buy this coin is the following:
1. RSI is holding above 50 Level;
2. Stoch RSI has bullish crossover; and
3. MACD has bullish crossover.
As you notice in the chart, EMA 21 is holding as support for the price. If it holds with bullish confirmations above, then there is a higher probability of moving higher prices.
Resistance Levels (It could be a target price) to break to reach 1.618 Fibonacci at $ 0.0705752:
1. Daily Resistance at $ 0.028
2. 1.272 Fibonacci at $ 0.0336145
Four Hour
If EMA 21 in Daily break as support, next price stop is at MA 200 4HR. Other Explanation in the chart.
One Hour
In the chart.
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
HOT looking bullish ;)Well we have seen HOT do a correction in the past days, after a big growth in the past few weeks. It looks now as it is about time it will go up again, trying to reach new ATH. It looks as in the 6h pattern is creating a very strong bullish pattern that could breakout anytime soon. Indicators show that it could follow two pathways, so you need to make your own research before investing. It did try to break the resistance levels but it retraced back and now forming good bullish form for long term. In the next 1-2 days if the breakout is confirmed, we could see a very bullish uptrend. If it goes down, another very good entry point at the area mentioned. HOT is actually a very good project, which I see it as a long term investment. It just maybe need some time to cool off. The new targets are 0.031-0.035 area and then trying to reach 0.045. If it breaks that, we could see it going 50-100%. It is a matter of days now. Do your own research too. But HOT is still HOT. :)
HOTUSDT BULLISH SETUPFinally, this could be the time for HOT to go bullish as a breakout is confirmed. I will exit this trade if the market goes below the support zone. Good luck!
HOT, buy HOLO, it can be one of the best alts in this bullrun!🚀HOT is coin which was recently added to our golden altcoins list on long term. It is very promising project, price is after little correction. If price decide to go lower we expect about 0,16 USDT but our strategy says to buy in many parts - so If you are interested in this coin we advise you to buy some now and then buy again later. Buying in many parts is perfect strategy to average the purchase price and minimize risk.
This coin is already top 50, we are strongly bullish on HOT, it can be diamond coin of this bullrun.
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
Hot in super dip, targets are set, we are good to go.hot testing demand zone, we are ready for flight.
HOT/USDT Correction completed?Price Correction till 50% fibonacci. then hopefully rebound from that level 0.171 i am still bullish
Holo HOT or NOTWill Holo hold the 0,0175 support and then rocket back up to the trend average or will it break down another level? Please leave your thoughts.
holo hot consolidation big long opportunity from 0.0162Holo hot made huge gains before nnow is pullback but dips are for buying so this is chnace especially from 0.0162 area its support plus fibonacci level
SL 0.0139 TP 0.024 and 0.03
HOT Fibonacci ChannelHOT seems to be rising inside of this Fib-channel.
It has been consolidating for the past few days in between 0.786 and 1 channel.
RSI seems to be on the low side.
I expect further consolidation in the previously mentioned channel between 0.786 and 1.
If we manage to stay above the 0.786 line I expect a steady climb with a big chance of further breakthroughs on the upside. Getting back into the 1 to 1.618 channel seems very possible in the short term, given the current influx of money into Crypto, especially in 'low-priced' coins and tokens.
Thank you for taking the time to read my idea.
Feel free to comment and share your opinion.
If you think I'm wrong, be sure to tell me why. This would create a great learning opportunity.
Best of regards,
Arne.
This is not financial advice, please do your own research. Knowledge is your greatest asset.
