Price Analysis

Daily Price Analysis for Holo (HOT) – September 19, 2018


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

HOT/USD Medium-Term Trend: Bearish

The Cryptocurrency is bearish in its medium-term outlook. The price was rejected at the distribution territory of $0.011, confirmed by the upper long wick bearish candle. Bulls lost the pressure and the bears took over the control of the market. 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.

Daily price analysis for Holo (HOT) - September 19, 2018
The coin experienced downtrend yesterday with the formation of massive bearish candles. On the 4H chart, the opening candle is bullish which connotes an increase in price.

The 10-day EMA has crossed the 50-day EMA downside well separated from each other. The price is on the 10-day EMA with the RSI 14 above 30 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.

HOT/USD Short-Term Trend: Bearish

The 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 bears took control of the price yesterday.

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 reversing to the north side as the price is above the 10-day EMA and the 50-day EMA above the price. The RSI 14 is above 25 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 should be patient before taking a long position.

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