Since HBAR has managed to hold above the low of the orange wave ii and the support at $0.035, we maintain our primary assumption. However, we now need clear bullish signals to confirm this stance. The orange wave iii should eventually reach above the resistance at $0.098. If the price slips below the support at $0.035 (37% probability), we will have to anticipate a deeper low of the magenta wave alt.(2) first. In this alternative scenario, we will then introduce a Target Zone for long entries, which we are currently withholding due to the prevailing downtrend pressure.
📊 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
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.
📊 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
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
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.