• The short and medium-term outlook is in a range-bound market.
• Traders should exercise patience for a price breakout or break down before taking a position.

HOT/USD Medium-term Trend: Ranging

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

HOLO is in a range-bound market in the medium-term outlook. The predicted target at $0.001500 in the demand area was attained as price dropped to $0.001507 on 20th June. With a wick formed at the close of the candle which connoted exhaustion as the bulls gradually returned to the market.

The two EMAs was broken over the weekend as price keep soaring higher to $0.002066 as the coin enters into consolidation.

The bulls are currently in control within the market after today’s 4-hour opening candle $0.001854 was bullish. HOTUSD was up at $0.001954 as upper price range remains the bulls target in the medium-term.

The stochastic oscillator signal pints down at 23% an indication of downward momentum in price of the cryptocurrency in the medium-term.

$0.002100 is the upper supply area while $0.001600 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: Ranging

The cryptocurrency remains in a range-bound market in the short-term outlook. With the breakout and breakdown from the range, the bears nor the bulls had control of the market over the weekend.

Today’s market opened with the bears in control at $0.001860. Price drops to $0.001689 within the range before the bulls took over. HOTUSD is currently up at $0.001986 as the coin continues ranging with price above the two EMAs in the short-term.

$0.001949 is the upper supply area while $0.001649 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.

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