Hedera (HBARUSD) is trading below its 1D MA50 (blue trend-line) along with the majority of the market and has found itself within a Channel Down (red) on this correction.
This correction may simply be a technical pull-back in the form of a Bull Flag. As long as the 1D MA200 (orange trend-line) holds, which is roughly where the 0.5 Fibonacci retracement level of the June move lies, we expect this Bull Flag to break upwards to at least the 2.0 Fibonacci extension, giving us a 0.47500 Target.
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This correction may simply be a technical pull-back in the form of a Bull Flag. As long as the 1D MA200 (orange trend-line) holds, which is roughly where the 0.5 Fibonacci retracement level of the June move lies, we expect this Bull Flag to break upwards to at least the 2.0 Fibonacci extension, giving us a 0.47500 Target.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
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🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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🤵Contact info@tradingshot.com t.me/tradingshot
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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.