HOLO has started showing some bullish momentum after news that HOLO needs to rise back above $1 to avoid delisting. I think HOLO is currently near resistance around $0.31 and needs some continued upside to climb above the white descending wedge pattern. I have the yellow trendline as a key target on the way up around $0.60. I’m going to give HOLO some time to see what the price can do this week and next week. As a reminder, next week is the very bullish seasonality trend with +41% average gains.
HOLO has not seen two consecutive days of upside since April 30, 2024. If we get some green tomorrow too I think that will be very telling. I looked over HOLO’s seasonality data and performance in the month of August and September. Between now and Sept. 6 HOLO has always been bullish at best or neutral at worst. In my opinion this is the key window for HOLO to rally. HOLO is extremely bearish on the week of Sept. 9 with a 40% decline on average. I want to try to exit by Sept. 6 if we get some upside, and I want to avoid a sharp decline on the week of Sept. 9.
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