• HOT/USD market has been experiencing a series of rejections after hitting a strong point around its upper range spot.
• A sudden pull-up of price action has been generating a good entry for the crypto bears to gain an advantage at reversions.

HOT/USD Long-term Trend – Ranging

• Distribution territories: $0.0025, $0.003, $0.0035
• Accumulation territories: $0.001, $0.00075, $0.0005

There hasn’t been much difference in the price movements of HOT/USD market this week as the pair still maintains its range zones around $0.002 and $0.0015 price territories. As seemingly being usual routine of the market, while it hits a strong point around upper range spot, a rejection keeps cropping in.

And, yet, the lower range spot at $0.0015 mark remains unbroken convincingly to the southbound. The 14-day SMA is located below the 50-day SMA pointing slightly to the south. The Stochastic Oscillators have crossed the hairs from range 40 to indicate a southward direction of the crypto-market.

It’s indicated that the HOT/USD market will be more responsive to the bears’ forces than the bulls’. More importantly, the smaller 14-day SMA trading indicator is now below the 50-day SMA indicator. However, a sudden pull-up of price action has been most of the times generated a good entry for the crypto bears to gain an advantage at reversions.

Holo:

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