As you can see in Fig. A, HBAR has often printed some nice, recognisable diagonal patterns (in this case, A was a leading diagonal for a nice 5-count rally).
I believe we have another such diagonal forming now at Fig. B
It's clear that this is a slightly smaller pattern, suggesting a degree lower (I have labelled the first one as intermediate and the recent pattern as minor respectively).
If this is the case, I believe there is every reason to believe that we are about to see HBAR assert itself and embark on a Wave 3 extension - this means that the diagonal rally at B would be wave 1 and we should expect a further rally with wave 3 starting soon and running 1.618 at least of Wave 1 and Wave 5 probably being parity with Wave 1 for length.
Standard elliot wave estimation.
However, we should bear in mind that crypto often involves significant variance on these base estimates so, I'm expecting a really good pop in the near future.
Trade safe!
I believe we have another such diagonal forming now at Fig. B
It's clear that this is a slightly smaller pattern, suggesting a degree lower (I have labelled the first one as intermediate and the recent pattern as minor respectively).
If this is the case, I believe there is every reason to believe that we are about to see HBAR assert itself and embark on a Wave 3 extension - this means that the diagonal rally at B would be wave 1 and we should expect a further rally with wave 3 starting soon and running 1.618 at least of Wave 1 and Wave 5 probably being parity with Wave 1 for length.
Standard elliot wave estimation.
However, we should bear in mind that crypto often involves significant variance on these base estimates so, I'm expecting a really good pop in the near future.
Trade safe!
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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.
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.