Panjang
Analysis and Bullish Case - Strong Buy on HOLO
This is one of my favourite Altcoins and it's just approaching a no-brainer strong buy area.
HOLO survived last year's Crypto Winter showing a lot of relative strength against the ALT market, last month it broke out its main resistance near $0.0015 and rallied to $0.0027 as an immediate reaction. In the last few weeks it's still correcting the recent rally in what I see as a normal consolidating movement, it may look as a bit of intense correction, but given the overall strength of it's pattern it's just normal to re-visit the breakout area (which is now a strong support level), and this big movements just anticipate the intensity of what's coming next.
Using the semi-log scale and a classical technical analysis approach for speculative moves, the projected target for last month's breakout is around $0.0050, and the beauty of it is that it's still in-play even after this huge correction.
HOLO survived last year's Crypto Winter showing a lot of relative strength against the ALT market, last month it broke out its main resistance near $0.0015 and rallied to $0.0027 as an immediate reaction. In the last few weeks it's still correcting the recent rally in what I see as a normal consolidating movement, it may look as a bit of intense correction, but given the overall strength of it's pattern it's just normal to re-visit the breakout area (which is now a strong support level), and this big movements just anticipate the intensity of what's coming next.
Using the semi-log scale and a classical technical analysis approach for speculative moves, the projected target for last month's breakout is around $0.0050, and the beauty of it is that it's still in-play even after this huge correction.
Nota
Strategy:- With HOLO near it's support at $0.0015, I believe it's a Strong Buy opportunity anywhere near the support (little risk vs huge potential in-play). The current price level already offers a strong risk/reward ratio for anyone with FOMO.
- In the event of an eminent upside reaction, $0.0027/$0.0028 will be the only resistance between the current price zone and the main target at $0.0050, but that will require a further update.
- The current pattern remains active while HOLO remains above of $0.00125
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.