HBAR appears to have completed a leading diagonal for wave 1 after finding a bottom at the major support high volume node (HVN).
Wave 2 has retraced the expected 61.8% Fibonacci but alt coins have their own Golden Pocket at the 78.6% retracement which aligns with the S1 pivot and high volume node.
The descending resistance line has been tested as support leaving a doji but does not look strong enough to be the bottom yet.
Wave 3 should be a powerful move up.
This analysis is invalidated below macro wave 4 -$0.12556
Safe trading
Wave 2 has retraced the expected 61.8% Fibonacci but alt coins have their own Golden Pocket at the 78.6% retracement which aligns with the S1 pivot and high volume node.
The descending resistance line has been tested as support leaving a doji but does not look strong enough to be the bottom yet.
Wave 3 should be a powerful move up.
This analysis is invalidated below macro wave 4 -$0.12556
Safe trading
DeTrending market and headline noise
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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.
DeTrending market and headline noise
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.