The bulls’ momentum is increasing in HOT market
HOTUSD Price Analysis – 26 November
When there is an increase in the bulls’ momentum, Holo may increase above $0.0017 and may extend to $0.0018 and $0.0019 resistance levels. In case the support level of $0.0016 does not hold, the price may decrease further to $0.0013 and $0.001.
Resistance levels: $0.0017, $0.0018, $0.0019
Support levels: $0.0016, $0.0013, $0.0011
HOTUSD Long-term Trend: Bullish
HOTUSD is bullish on the daily chart. Crypto was on the bearish movement last week. The bearish movement started on 16 August. The $0.0019 was tested and the price consolidated within the resistance level of $0.0023 and $0.0018 levels. On November 08, sellers gathered enough momentum and the support level of $0.0018 was a broken downside. Sellers further increased their momentum with the formation of the strong daily bearish candle. The price declines to the support level at $0.0013. It pulled back to retest $0.0016 on November 10. The support level of $0.0013 is tested twice meaning that a double bottom-level chart pattern is formed.
The fast Moving Average (9-periods) is crossing the slow Moving Average (21-periods EMA) upside and the price is trading above the two EMAs as a sign of bullish movement. When there is an increase in the bulls’ momentum, the price may increase above $0.0017 and may extend to $0.0018 and $0.0019 resistance levels. In case the support level of $0.0016 does not hold, the price may decrease further to $0.0013 and $0.001. The relative strength index period 14 is pointing up at 47 levels to indicate a buy signal.
HOTUSD medium-term Trend: Bullish
HOTUSD is bullish in the 4-hour chart. The support level of $0.0013 is tested twice; the first test was carried out on 09 November, it increases to test $0.0016. Bears pushed it down to test the same level on 22 November. There is a probability for the price to increase above the resistance level of $0.0018.
The 9-periods EMA is above the 21-period EMA and the price is trading above the two EMAs, which indicates bullish movement. The relative strength index period 14 is at 56 levels and the signal lines point up to indicate a buy signal. Holo is struggling to get buyers while buyers are increasing daily in the markets of Dash 2 Trade and IMPT
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