• The short and medium-term outlook continues in the downtrend.
• Traders may consider selling at bullish exhaustion area.

HOT/USD Medium-term Trend: Bearish

Supply zone: $0.004000, $0.006000, $0.008000
Demand zone: $0.001000, $0.008000, $0.0060000

HOLO is in a bearish trend in the medium-term outlook. With the lower demand area of the range at $0.001500 broken on 11th July, price dropped further to $0.001502 as the low of the day. The market correction and confirmation of the downward trend occurred with the retest as price rose to $0.001658 around the trendline area.

A bounce occurred to the downside as the bears stage a comeback. $0.001256 was the low during yesterday session as the bears continued during today’s opening session. $0.001182 in the demand area was attained shortly opening as the bears briefly lost momentum.

The signal of the stochastic oscillator pointing up 28% an indication upward momentum which may push the coin up to the trendline before the bears resume the downward journey. $0.001100 in the demand area is the bears' target with more candles opened and closed below the EMAs due to increased bearish momentum.

HOT/USD Short-term Trend: Bearish

The cryptocurrency is in a bearish trend in the short-term outlook. $0.001400 in the demand area predicted as the bears' target was attained and further drop in price to $0.001233 over the weekend.

Today session opened on a bullish note at $0.001258 with HOTUSD up at $0.001466 in the supply area. The closed of the candle with a long wick implies exhaustion as the bears return.

Moreover, a bounce is expected as price touches the trendline. The coin fell to $0.001182 in the demand area.

Price is currently up at the trendline, and a bounce to the downside may occur. $0.001155 in the demand area is on the card as the bears sustained the momentum down south which is confirmed by the signal of the stochastic oscillator pointing down at 81% in the overbought region.

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