#HOT has currently been testing falling-wedge in daily timeframe. Consolidation and descending have done and took more than 120 days. Now price looks promising to breakout. After breakout is done, 100 - 120% bull rally could be expected.
💎 Paradisers, #HOTUSDT has broken out of resistance, which may now act as support.
💎If #HOTUSDT demonstrates CHoCH after taking support from this level, it could signal a bullish move, possibly indicating an attempt to attract external liquidity.
💎In the event of a breakdown below this support, we may anticipate a bounce from the bullish Order Block (OB)....
HOT tried to breakout of the channel in 4hourly but got rejected from 55EMA. Now trying to take support from 21EMA. RSI flipping to bullish on 4hourly. on hourly, cup and handle pattern forming.
If it crosses 0.64 then targets can be 0.0071, 0.0074, 0.0078, 0.00802 with a SL of 0.006.
If the trend goes rejected from 0.0059 then there can be a dumb of 10%
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.01058).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. HOTUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Nice consolidation above VA(Volume profile) with price above anchored VWAP of 19th May selloff...
Price is well above crucial moving averages.21dma,50dma
One of the best projects in DeFi Universe
Target is easily Double from here in a month
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.010628).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. HOTUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
HOTUSDT is looking for great buying opportunity after having 82% correction from top to the bottom & now is the best time to get in & make some heavy chunks of profit! Expecting to reach TG by the next month. Cheers!
I'll won't go in detail because you need to find it out yourself in prospective to learn. Hot is in its support range and has formed to an end of the dip. MA 100 shows a mid term coming right up.
Trading Signal:
A Trading Signal is seen in the HOTUSDT Holo
Traders can open their Buy Trades NOW
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HOTUSDT is looking for great buying opportunity after having 60% correction, now is the best time to go for long & to make some heavy chunks of profits!
