- HOT/USD market still holds in a bullish trading mode.
- In the long run, the HOT/USD trade may encounter a rejection around $0.003 if eventually pushes northwards further.
HOT/USD Long-term Trend – Bullish
- Distribution territories: $0.003, $0.0035, $0.004
- Accumulation territories: $0.0015, $0.001, $0.0005
HOT has been on a significant increasing mote in valuation against the market worth of the US dollar as it has reached a first-time high point a bit beyond $0.0025 price mark on May 29. The market last low point was experienced on May 10 while the pair moved down to average $0.001 mark.
The 14-day SMA indicator still points northwards to indicate more upswings in the market. The 50-day SMA is located underneath the 14-day SMA with a notable space between them. The Stochastic Oscillators have just slightly crossed at range 80 near the bought zone to point south.
The cryptocurrency may soon be trading in its high peak trading zones between $0.003 and $0.0025 price points, and that could be in the form of range moving mode. Price correction movement may, in the long run, take place after which the bears may as well take the control of the market while the 14-day SMA trend-line is broken southwards.
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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