$HBAR Macro Chart - Ready for wave 5 of (1) of 3 up?

appears to be printing a wave 4 triangle above the weekly pivot point. This implies the next move would be a terminal wave (5) of 1 of (3) likely completing with a poke above all time high to trap FOMO novice investor / traders. Classic Elliot Wave.

Wave 2 of (3) has a high probability of ending at the wave 4 triangle base which is the weekly pivot and 0.236 Fibonacci retracement adding confluence. This fib level support would indicating continued trend strength.

If it is a wave 1 of (3) is completing then we can expect the long term target to overextend the weekly R5 pivot point of $1.16, possibly reaching $3.

Weekly RSI remains at the EQ so plenty of room to grow.

Analysis is invalidated below the weekly pivot.

Safe trading

Maddox_Metrics

PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years

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Maddox_Metrics

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A Local look at the $HBAR retracement

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