Hedera / HBARUSD is on a 1week MA50 rebound with the 1week MACD close to a Bullish Cross formation.
This is the very same pattern it followed near the end of the previous Cycle on the June 21st 2021 rebound.
See the identical 1week MACD patterns, even the similar price structure on the 2020 and 2024 Bull Flags that initiated parabolic rallies.
Actually HBAR topped 2 weeks after the 1week MACD formed the Bullish Cross. The Bearish Divergence there was evident.
As a result, since the previous Cycle topped on the 1.236 Fibonacci extension, we expect HBAR to rise to 0.5000 max. Nothing like the parabolic rally it had after the recent U.S. elections.
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This is the very same pattern it followed near the end of the previous Cycle on the June 21st 2021 rebound.
See the identical 1week MACD patterns, even the similar price structure on the 2020 and 2024 Bull Flags that initiated parabolic rallies.
Actually HBAR topped 2 weeks after the 1week MACD formed the Bullish Cross. The Bearish Divergence there was evident.
As a result, since the previous Cycle topped on the 1.236 Fibonacci extension, we expect HBAR to rise to 0.5000 max. Nothing like the parabolic rally it had after the recent U.S. elections.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.