• The short-term is in a bearish trend while the medium-term outlook is in a range-bound market.
• Responsible selling may be considered.

HOT/USD Medium-term Trend: Ranging

Supply zone: $0.004000, $0.006000, $0.008000
Demand zone: $0.001400, $0.001200, $0.001000

HOLO remains in a range-bound market in the medium-term outlook. $0.001803 was the high while $0.001502 was the low during yesterday session as the cryptocurrency ranges.

Although today’s market opened on a bullish note at $0.001803, the bears prevailed and pushed price further down to $0.001474.

The bears may sustain the momentum within the range with the signal of the stochastic oscillator pointing down 36% an indication bearish continuation in the range in the medium-term.

$0.002100 is the upper supply area while $0.001500 is the lower demand area of the range. Patience should be exercised for a breakout at the upper area or a break down at the lower area with a retest before a position is taken.

HOT/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. Today session opened on a bearish note at $0.001761. The momentum was sustained as the coin dropped initially to $0.001502 and later to $0.001451 in the demand.

Price is below the two EMAs and the signal of the stochastic oscillator points down at 32%. These suggest a downward movement in price as the bears' pressure becomes stronger.

$0.001400 in the supply area is the bulls' initial target as the journey up north continues in the short-term.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.