HOLO (HOT) GRAPHICS ANALYSIS
Chart and Target Prices
1. Resistance Zones:
• 0.0035 USDT: The first strong resistance area is located near the current price. If it breaks above here, it could gain momentum.
• 0.0050 USDT: A stronger resistance and psychological level. A point that can be targeted in the continuation of the rise.
• 0.0130 USDT and above: Longer-term target, a level possible in a bull market.
2. Support Regions:
• 0.0025 USDT: Short term support, price may react from here.
• 0.0018 USDT: Main support level in the medium term.
• Long-term trend support can hold the price in downward movements.
Support and Resistance Analysis
• The price is currently testing the horizontal resistance at 0.0030.
• The uptrend can be maintained as long as it remains above the main support zone of 0.0025.
• If the 0.0050 resistance is broken above, a volume rally may be possible.
Indicators and Trend Direction
• RSI (Relative Strength Index): It may be close to the overbought area. If it rises above 70, a correction may occur, but as long as it does not fall below 50, the uptrend will continue.
• MACD: About to give a buy signal. If the MACD line remains above the zero line, positive momentum can be expected to continue.
• Bollinger Bands: Increased volatility is likely. Moving close to the upper band may indicate that the price is preparing to break upwards.
Formations and Formation Reversals
• Symmetrical Triangle: The price appears to have broken out of the symmetrical triangle formation, indicating the start of an upward movement.
• Descending Trend Line: Broken upwards and trend reversal confirmed.
Trend Direction
• Current price action indicates the start of an uptrend. Sustained moves above major supports and resistances will confirm the strength of the trend.
Strategy and Advice
1. Short Term Trading Strategy:
• Buying from Support Level: 0.0025-0.0028 levels can be considered as a buying opportunity.
• Profit Taking Levels: Gradual profit taking can be done at the levels of 0.0035 and 0.0050.
• Stop-Loss: Position can be closed if the value falls below the 0.0022 level.
2. Medium and Long Term Strategy:
• If the 0.0050 level is exceeded by volume, the possibility of a rally to the 0.0130 level should be evaluated.
• For long-term investment, it should be confirmed that the price is moving above the major supports.
Comments and General Evaluation
• Holo (HOT) has been in a downtrend for a long time but is now showing signs of a trend reversal.
• Volatility may increase in the short term, but the overall outlook is positive.
• Higher price levels can be targeted by breaking the resistances, but risk management is a must.