• HOT/USD market has now been moving in flaps in a small space between the market’s line at $0.002 and the 50-day SMA’s location below it.
• Suggestively, the potentiality of witnessing more sustainable downs than merely probable ups is imminent in the market of HOT/USD.

HOT/USD Long-term Trend – Ranging

• Distribution territories: $0.003, $0.0035, $0.004
• Accumulation territories: $0.0015, $0.001, $0.0005

After a long notable line of dropping price movements in the market of HOT/USD in the past trading weeks, the market is now in a range. On June 9, which marks the commencement of this week’s trading sessions; the pair has been moving in flaps in a small space between the market’s line at $0.002 and the 50-day SMA’s location below it.

The 14-day SMA has as well briefly fallen into the range from the top. The Stochastic Oscillators are now down into the oversold zone to continue to consolidate within it.
Currently, the HOT/USD market may have to prolong their convergence formation outlook to allow the market to move in a definite direction after a strong price action.

Our assumption still backs up bearish downwards of this market. The 14-day SMA trading indicator has also bent to point to the south to suggestively back the potentiality of witnessing more sustainable downs than merely probable ups.

Holo:

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