HOT/BTC TA Update (Back to the Accumulation Zone?)
HOT/BTC
HOT went up to 80% from 8 - 13 sats last Oct and now the price is back to the accumulation zone area.
HOT is painting a triangle pattern and is likely to continue respecting its trend-line resistance for the next 2-3 weeks.
HOT must key current price at 8-9 sats to provide a higher chance of breaking bullish with this pattern within a month.
It is still not a good idea to buy this asset yet as the price will consolidate in this region for a few weeks and bullish technical setup can easily invalidated.
HOT went up to 80% from 8 - 13 sats last Oct and now the price is back to the accumulation zone area.
HOT is painting a triangle pattern and is likely to continue respecting its trend-line resistance for the next 2-3 weeks.
HOT must key current price at 8-9 sats to provide a higher chance of breaking bullish with this pattern within a month.
It is still not a good idea to buy this asset yet as the price will consolidate in this region for a few weeks and bullish technical setup can easily invalidated.
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