- HOT/USD market has been on a gradual decrease, and the downwards may not last long.
- The market’s upswing is expected to take effect after finding a stance around the 50-day SMA indicator.
HOT/USD Long-term Trend – Bearish
- Distribution territories: $0.003, $0.0035, $0.004
- Accumulation territories: $0.0015, $0.001, $0.0005
HOT/USD market valuation has been relatively going dump while the movements rose briefly past $0.0025 mark. On June 3, the crypto-market visibly broke its 14-day SMA trading indicator downwards to the south.
As at present, the market has been very slow in force to trade a bit below a low price territory at $0.002 point. The 50-day SMA is situated underneath the 14-day SMA. The Stochastic Oscillators have now bent southwards towards. They still indicate more downs than ups.
The crypto’s price valuation may go down to muster up energy around the 50-day SMA’s trading zone for the bulls in the market to launch a come-back afterward. The market horizontal line at $0.0015 mark where the SMA is closely located may not be easily breached southwards to eventually indicate an end of the bulls’ force. Meanwhile, the possibility of seeing a range moving trade around the 14-day SMA may not be erased in the next crypto’s trading spree.
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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