HBAR has been consolidating sideways for the past 30 days, with $0.27 acting as a clear resistance — aligning with the golden pocket (GP). Price failed to sustain above the yearly open (yOpen) at $0.26901, despite multiple attempts. Each breakout attempt lacked follow-through → weakness.
Structurally, HBAR appears to be in a corrective phase after completing five Elliott waves, and is now potentially forming an ABC corrective pattern. Price has also lost the monthly open (mOpen) at $0.25099, which should now act as resistance.
🔴 Short Opportunity
🟢 Long Opportunity Zone
➡️ Primary zone: $0.21 – $0.19675
🧩 Confluence factors:
With all these aligning, this is the most favourable long setup.
Long Trade Setup Example
🔍 Indicators used:
➡️ Available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades.
_________________________________
💬 If you found this helpful, drop a like and comment!
Structurally, HBAR appears to be in a corrective phase after completing five Elliott waves, and is now potentially forming an ABC corrective pattern. Price has also lost the monthly open (mOpen) at $0.25099, which should now act as resistance.
🔴 Short Opportunity
- Previous ideal entry: $0.27463 (Golden Pocket) — offered an R:R of ~1:7
- Next short zone: Between mOpen ($0.25099) and yOpen ($0.26901)
- Target: Around $0.21/$0.2 as take-profit (TP)
🟢 Long Opportunity Zone
➡️ Primary zone: $0.21 – $0.19675
🧩 Confluence factors:
- FVG (Fair Value Gap) / imbalance fill
- SSL (Support/Stop-Loss liquidity) positioned in the zone
- Weekly level: $0.20685
- 0.55 Fib retracement: $0.20657 (aligned with the weekly level)
- 0.75 Fib speed resistance fan: Supports this zone if price reaches it between 19 – 25 Aug
- 1.0 trend-based Fib extension: $0.19675 (projected Wave C target of ABC)
- Pitchfork lower support line intersecting with the zone
- nPOC & key level: $0.2
With all these aligning, this is the most favourable long setup.
Long Trade Setup Example
- Entry: $0.21– $0.19675
- Stop Loss: Below $0.19
- TP1: ~$0.223
- Final target: $0.3+ (swing trade potential)
- R:R: 1:6+
🔍 Indicators used:
- DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points
➡️ Available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades.
_________________________________
💬 If you found this helpful, drop a like and comment!
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🏆 Mastering Fibonacci for precision trading
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
🔹 Sharing high-probability trade setups
⚡ Unlock the power of technical analysis!
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.