HOT/USD has been largely bearish ever since it started a downside correction since around 5th of this month. Although, effect of buyers can be seen on this chart, still other indicators aren’t reflecting them just yet. Therefore, it is essential for us to search for clear signs of any market changes to make profitable trading decisions.
HOLO Forecast Statistics Data:
HOLO Price Now: $0.002118
HOLO Market Capitalization: $362.6 million
HOLO Circulating Supply: 173.34 billion
HOLO Overall Supply: 177.6 billion
HOLO Coinmarketcap Position: #91
Top Levels: $0.002118, $0.00.2148, $0.002200
Bottom Levels: $0.002080, $0.2040, $002000
HOT Continues Its Downtrend, Buyer’s Prefer Tamadoge
Ever since HOT/USD price activity started a downward level retracement, buyers have interrupted this trend at some point on the daily chart. Also, currently it appears as if the same is about to be repeated. Nevertheless, at this point the lower band of the Bollinger indicator has been tested twice a stronger rebound may occur. But looking at the appearance of the Bollinger indicator, it appears to be telling that the downtrend may continue longer. This can be seen as the indicator itself is sloping downwards. Additionally, the Moving Average Convergence Divergence Indicator has crossed to the negative side. And this activity on this MACD agrees with further price decline in this market.
Holo Price Analysis: HOT/USD Uptrend Appears Weak
While HOT/USD Price activity looks largely bearish on a longer time frame of 24 hours, minimal uptrend is coming up on a 4 hours chart. In this market we can spot tiny green candles lined up, with each one slightly higher than the previous one. Also, these price candles are getting closer to the middle line of the BB indicator, which when crossed may foretell price upward advancement.
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Finally, the Moving Average Convergence and Divergence curve has crossed each other in negative side. Also we see a gradual growth of the histogram on the MACD. The two mentioned displays are revealing a build up to an uptrend. Nevertheless, we should not that the notice price upside gain is largely weak. Therefore we can only expect price to get to $0.002195.
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