Price Analysis

Daily Price Analysis for Holo (HOT) – September 27, 2018


Distribution territories: $0.011, $0.012, $0.016

Accumulation territories: $0.0099, $0.008, $0.007

HOT/USD Medium-term Trend: Ranging

HOT has been trading and ranging between the range bond of $0.11 distribution area and the accumulation territories of $0.0099 over two days ago. The increase of Hot towards the distribution territory of $0.012, which was rejected by the bears that came into the market with force and brought the price below the distribution territory of $0.011 led to price consolidation.


Bears increased their pressure, pushed the price down to the accumulation territories of $0.0099 but rejected at the territory, confirmed by the lower long wick candle. Buyers lost the momentum and the sellers took over the control of the market. Since then the price has been ranging within the channel.

The 10-day EMA has bent upward to the direction of 50-day EMA, the price is on the 10-day EMA and 50-day EMA above them. The RSI 14 is above 40 levels and its signal lines point upward, which indicates an upward movement. The price may go up today should buyers increases momentum.  

HOT/USD Short-term Trend: Ranging

On the short term, Hot is also ranging. It was when the bears increased their momentum while bulls lost the momentum towards the distribution level of $0.012 and the price was pushed back below distribution territory of $0.011 by the formation of long upper tail bearish candles consolidation commenced.


The price is in between the 10-day EMA and the 50-day EMA. The RSI 14 is on the 50 levels with its signal lines pointing towards the north, which indicates the possibility of upward movement. Should the bulls increase their pressure the distribution zone of $0.011 may be broken. Taking long may give green pips.


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