- HOT/USD market still moves in a range been kept over time.
- The bears’ forces are not expected to have much impact on the HOT/USD market having been pushed down to $0.0015 current lower range mark.
HOT/USD Long-term Trend – Ranging
- Distribution territories: $0.0025, $0.003, $0.0035
- Accumulation territories: $0.0012, $0.0010, $0.008
HOT/USD market worth has continued to trade around the same past range zones being maintained until the present. The ranging mode has been a little bit getting more lower lows than lower highs yet within the range marks of $0.002 and $0.0015.
On June 20, the cryptocurrency dumped slightly to test the $0.0015 lower range point. The 14-day SMA indicator and the 50-day SMA indicator are located in the range zones. And, they have almost closed trend-lines. The Stochastic Oscillators have joined their hairs to consolidate around ranges 40 and 20.
There has been no indication that this crypto-market will soon stop trading in the present range spots. The formation of the SMA trading indicators has also backed that assumption as the 14-day SMA still appears to cross the 50-day SMA from the top in the range zones. In spite of that attempt, the bears are not expected to push the market line downward further and keep its sustainability for long below the $0.0015 lower range mark.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
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