Holo New All-Time Low (Multiple Bullish Signals On)

4 במאי 2020

Good Sunday my fellow cryptocurrency trader, let's take a look at Holo (HOTBTC), it's been a while...

We will start with the long-term (Weekly) chart:

Here we have a few early and bullish signals to look at:

• First, we have a new All-Time Low hit on no volume.
  
• We have bullish divergence with the MACD, a very strong signal on this timeframe.
  
• Prices hit 7 satoshis for the first time since March.
  
• We have a broken trendline that comes down from the Feb. 2019 peak/ATH.
  

Now, let's take a quick look at the daily (D) chart, which is the main one above.

Holo (HOTBTC) moved above EMA10 and EMA50 today while at the same time hit a new resistance.

The immediate resistance to continue higher is now sitting at 7 satoshis (0.00000007), this is the next barrier.

• Above this level, HOTBTC can easily continue growing.
  
• If prices drop back below EMA10 at 0.00000005, there will be more bearishness and consolidation (this phase is likely over).

Thanks a lot for reading.

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