Since the major dump earlier this year, HOT has formed a nice ascending wedge for us to trade.
Classically, ascending wedges are bearish break out patterns. However, the crypto market is still bullish on the longer timeframes, so no need to call for a strong bearish move yet.
I'm looking at the yellow circled area. This area will either cause a strong reversal, or a bearish break out. I'd advise to wait for either to happen before making a trade.
In case of a bullish move, $0.0165 is the target. Bearish target placed at $0.009.
Happy trading!
Classically, ascending wedges are bearish break out patterns. However, the crypto market is still bullish on the longer timeframes, so no need to call for a strong bearish move yet.
I'm looking at the yellow circled area. This area will either cause a strong reversal, or a bearish break out. I'd advise to wait for either to happen before making a trade.
In case of a bullish move, $0.0165 is the target. Bearish target placed at $0.009.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.