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

HOT/USD Medium-term Trend: Bearish

HOT/USD is bearish in the medium outlook. The bulls were not able to push the price higher beyond the distribution  territories of $0.011 yesterday. Rejection to upward continuation is seen at the distribution level with candles having upper long wicks which are the sign of bullish exhaustion. HOT broke the distribution territory of $0.011 downside yesterday. More bears came in with their pressure and push the price to the accumulation territory of $0.0099.

The coin experienced downtrend yesterday with the formation of massive bearish candles. On the 4H chart, the opening candle is bearish which connotes further reduction in price. The 10-day EMA has crossed the 50-day EMA downside well separated from each other. The price is below the 10-day EMA and 50-day EMA with the stochastic oscillator below 20
(oversold area) and its signal lines points upward, which indicates an upward movement. The price may increase today in case the accumulation territory of $0.0099 holds.

HOT/USD Short-term Trend: Bearish

The cryptocurrency consolidated for some time at the distribution territory of $0,011 yesterday before broke downside with the formation of strong bearish candles towards the accumulation territory of $0.099. The bears took control of the price yesterday.

More bearish candles are forming at the accumulation territory of $0.0099 which may lead to the break out to the downside and expose the accumulation level of $0.008. The Price is below the 10-day EMA and the 50-day EMA above the 10-day EMA. The Stochastic oscillator 14 is below 20 levels with its signal lines neutral which indicates the possibility of uptrend movement should the bears could not break the accumulation level of $0.0099. Traders should be patient before
taking a position.