Holo (Binance: HOTUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, HOT began a red wave one advance on January 22. The red wave one peaked on January 29 and the red wave two correction ended on February 1. The red wave three (blue sub-waves i-ii-iii-iv-v) finished on February 12 and the red wave four (blue sub-waves a-b-c) correction ended on February 15. If this wave count is correct, HOT should be heading next towards the February 12 peak in the red wave five.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the weekly chart, I believe HOT is currently in the red wave three (blue sub-wave iii). The red wave one began on March 13, 2020 and the red wave two correction ended on October 8, 2020.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Holo is a distributed P2P hosting platform for Holochain apps (hApps); a bridge to the new Internet. The Crypto Truth covered some of the latest updates two days ago.
(Sources: https://holochain.org/)How Will Holo Trade?
Holo (Binance: HOTUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
HOT will takeout the February 12 peak
HOT will drop below the January 22 low
HOT will stay in a trading range between the January 22 low and the February 12 peak until March 26