Distribution territories: $0.011, $0.016, $0.018
Accumulation territories: $0.0099, $0.008, $0.007

HOT/USD Medium-term Trend: Bullish

HOT is in a bullish trend in its medium-term outlook. The price was rejected at the accumulation territory of $0.0099, confirmed by the strong bullish candle formed two days ago. Sellers lost the pressure and the buyers took over the control of the market. Consolidation was resumed within the channel. Shortly after the consolidation, the buyers came into the market with their purchasing power and the price was increased yesterday.

Today On the 4H chart, the opening candle is bullish which suggests an increase in price. The 10-day EMA has crossed the 50-day EMA upward, the price is on the 10-day and 50-day EMA with the RSI 14 above 50 and its signal lines point upward, which indicates an upward movement. The price may increase today in case the accumulation territory of $0.0099 holds and buyers sustain their pressure.

HOT/USD Short-term Trend: Bullish

HOT started bullish trend immediately after the price consolidation yesterday on the short-term, this was confirmed by the formation of bullish candles. Coin broke the distribution level of $0.011 downside with the formation of massive strong bearish candles towards the accumulation territory of $0.0099.

The bulls were able to push up the price a bit away from the accumulation territory of $0.0099 The bearish pressure towards the accumulation level of $0.0099 by the formation of more bearish candles was interrupted by the formation of the bullish engulfing candle at the accumulation level of $0.0099.

Currently, the price is above the 10-day EMA and the 50-day EMA. The RSI 14 is above 50 levels with its signal lines pointing towards north, which indicates the possibility of uptrend movement. Should the bears could not break the accumulation level of $0.0099. Traders may take a long position.