Holo (HOT)

HOLO Price Prediction Today: Daily (HOT) Value Forecast – June 3

Azeez Mustapha
June 3, 2019

The short and medium-term outlook is in a range-bound market.
Patience is required at this period.

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 bears took control within the range after the formation of a double top when price was up $0.002382 in supply area during yesterday session.

The two EMAs were broken as price dropped to $0.002159 in the demand area before the end of the session.

Today’s 4-hour candle at $0.002272 was bearish as the bears mount strong pressure within the market. The cryptocurrency was down to $0.002007 in the demand area within the range as shortly after opening.

Price is below the two EMAs and the stochastic oscillator signal points down at 16% in the oversold region an indication of continued downward momentum within the range in the medium-term.

HOTUSD is raging and trading between $0.002500 in the upper supply area and at $0.001900 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.

HOT/USD Short-term Trend: Ranging

The cryptocurrency is consolidation in the short-term outlook. The bears are in control of the range with price pushed down to $0.002007 in the lower demand area of the range twice today.

Although the bulls manage a minor push back up at $0.002215 in the supply area but were rejected by the 50-EMA.

Price is below the two EMAs and the stochastic oscillator signal points down at 42% which suggest downward pressure within the range.

$0.002402 is the upper supply area while $0.002030 is the lower demand area of the range, traders should wait for price to breakout from the upper area or breakdown at the lower demand area with a retest before taking a position.

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

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.