Hedera continued to fall in the last week before a bullish counter-reaction occurred. According to our primary expectation, the price still has some room to the downside, but it should not be far to the low of the green wave 2. Once the low is established, a turnaround and a rise above the resistance at $0.10 is on the cards. Only the 33% probable alternative would entail further imminent declines. It would push the low of the magenta-coloured wave alt. (2) below the support at $0.03.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
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.