Within just a few hours, HBAR dropped sharply by around 20%, plunging deep into our green Target Zone between $0.29 and $0.22, a range we identify as suitable for long entries. This move marked the low of the green corrective wave 4. During the current impulsive wave 5, we expect a swift recovery toward the recent high at $0.39 and potentially beyond. In our short-term alternative scenario, further selling pressure could momentarily push the price below the support at $0.23 (with a 35% probability). But even in the case of such an extended correction, HBAR would remain within an overarching bullish upward structure.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.