Hi all,
See the chart posted above. The green and red arrows are left over from a prior post I made on Hot on September 6th, it just so happen to be correct, who cares. You may go see the post on profile.
Anyhow, it looks like we may be in a bullish channel now. Fair bounce off the bottom, I would not be surprised if Hot reaches the top once more. Once there... Moon? Or back down? I believe that is much too early to tell for this coin. Lot of people with big power (balance) with this coin.
This is not trading advice, just use it to help you make your own decisions. If you do go long, keep a SL at bottom of channel, and look for top of the channel as the target :)
See the chart posted above. The green and red arrows are left over from a prior post I made on Hot on September 6th, it just so happen to be correct, who cares. You may go see the post on profile.
Anyhow, it looks like we may be in a bullish channel now. Fair bounce off the bottom, I would not be surprised if Hot reaches the top once more. Once there... Moon? Or back down? I believe that is much too early to tell for this coin. Lot of people with big power (balance) with this coin.
This is not trading advice, just use it to help you make your own decisions. If you do go long, keep a SL at bottom of channel, and look for top of the channel as the target :)
Comment:
Look at the last bounce off channel bottom. All three candles in that area are indicating big buyers down there! Looking strong.
Comment:
Based on previous waves of HOT, it would look like the time to our ultimate target of the top of the channel is a couple days. This is assumming BTC keeps its sh** together during that time, which it would appear it is.