Wave C of an ABC correction in wave 4 appears to be underway in 
HBAR
This would see price have a quick drop below the daily pivot testing the major support High Volume Node and rising daily 200EMA as support before continuing up in wave 5. This is also the .382-.5 Fibonacci retracement a typical area for wave 4 to end per Elliot wave rules. Lots of confluence in this area.
RSI is still making its way down from overbought. Investor psychology is still irrationally bullish giving opportunity for professional traders to make some volatility bucks.
Analysis is invalidated if price breaks $0.273 upgrading the count to wave 4 completing at the current wave (a) bottom.
Safe trading
HBARThis would see price have a quick drop below the daily pivot testing the major support High Volume Node and rising daily 200EMA as support before continuing up in wave 5. This is also the .382-.5 Fibonacci retracement a typical area for wave 4 to end per Elliot wave rules. Lots of confluence in this area.
RSI is still making its way down from overbought. Investor psychology is still irrationally bullish giving opportunity for professional traders to make some volatility bucks.
Analysis is invalidated if price breaks $0.273 upgrading the count to wave 4 completing at the current wave (a) bottom.
Safe trading
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
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.
PhD Candidate: Investing, Sentiment & Social Mood
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
MSc Financial Econ
Technical Analyst 7 years
Trader / Investor 14 years
DeTrended Metrics Report (Free): detrended.substack.com
Members Only Trading Signals: tradesignals.substack.com
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.