HOTUSD: Decision Time - The Countdown Phase (12/09)

[dragononcrypto]

• TD Sequential support from the red 9 is at $0.00068195 (red dots), at bottom of horizontal support area .
• If sequential/horizontal support is broken to the downside, expect a breach of the falling channel to the next support.
• Waiting to see what happens in the countdown phase, whether the sequential will flip green soon or carry on red.
• There's a similarity in the November-December 2018 consolidation (in organge) but far from convincing.
• The projected bars are taken from the most substantial rises (January 2019) and crashes (November 2018).
• This is the first time the Weekly TD Sequential has reached a 9 or 13 for the HOTUSD pairing.
• Indicators all look bearish on a weekly scale and don't look much better on the Daily either.
• Upside target: $0.0037 (+360% NATH) / Downside target: $0.000385 (-53%).
• FYI-ATL: $0.000341 on June 29th 2018, not December 2018 low.

Source: https://www.tradingview.com/chart/HOTUSD/Bq1gw5Gl-HOTUSD-Decision-Time-The-Countdown-Phase/