HBARUSD trade ideas
HBAR/USDT Re-Accumulation StructureHBAR has been in a re-accumulative state since around the 15th of March. A recent change of character and break out show that supply has diminished as we formed higher lows through out the range before breaking out.
We are currently now retesting the top of our trading range sat in the oversold condition on the long term trend line .
Some more consolidation in this region testing supply along the way will give us some more confidence on a POE .
A scaled in POE is recommended. If we see aggressive demand one widespread 4hr bar this could confirm a full break out into a mark up will occur.
HBARWithin the next week or so, probably between the 14th & 19th, we should see some sort of move up/down as we close in on the end of this wedge.
My guess is that we move up now that BTC has moved to a new ATH today.
This is not financial advice, I simply post these for me to reference later on.
:)
HBAR - Breakout confirmation will copy what XRP did!!To predict the future, you need to look into the past. In the past, whenever we cross on the Stochastic RSI on the daily, we increase between 50% - 354%. Looks like HBAR is creating a Bullish Pennant. A daily break above the triangle support confirms a breakout!! the 4 hour and 12 hr already confirmed a breakout! Next targets before we have a slight dip is the 2.618 (Flagpole breakout at around 0.75)). After the slight dip to maybe the 1.618 fib level (0.57), I can see HBAR hitting well over $2-3 in the near future!
I don't usually follow fundamentals (news and events), but this crypto has one of the best fundamentals I have ever seen in the crypto space.
1. Partners with many big players (such as Google , IBM , LG.. Look at their link to see hedera.com)
2. Will be a part of the Consensus 2021
3. Has a working product
4. Very low market cap crypto. The lower the market cap, the higher the reward ;)
5. Also one of the altcoins that may be added to Coinbase: blog.coinbase.com
I will start taking profits at $2 and working my way up. Let me know what you think.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Be fearful when others are greedy and greedy when others are fearful." - Warren Buffet.
"Show me the charts, and I'll tell you the news." - Bernard Baruch
HBAR Continues Ranging As Bulls Fail To Break Key Resistance-HBAR has been consolidating for nearly a month
-Price has been trying to break and hold $0.358
-HBAR risks a fall to $0.30 if the bears continue control under key resistance
Hedera Hashgraph has had a wild 2021 with the price rising nearly 1500% in a short 3 months. The Dapps token has been fueled by hype and anticipation of its large scale partnerships. Since it’s high of $0.457, Hedera has been consolidating in a price channel for nearly 30 days. Time is ticking for this sideways movement as the cryptocurrency market seems to be fueling for its next move.
The large scale descending channel can be looked at as a bull flag formation on higher time frames. To have any large bull trend, HBAR must break the top trend line of its price channel. The top trend (Black) is also in coordination with the key resistance of $0.358. Hedera Hashgraph has yet to be able to hold this level as support for longer than a day. Once these marks break & hold, expect HBAR to test $0.41 again.
While looking at the last few days, HBAR seems to be printing a Head & Shoulders pattern. If this patterns completes & HBAR breaks below $0.33 (minor support), price will experience a fall to its key support (in green) around $0.30. If this scenario occurs, which seems to be the most likely as of now, HBAR will still be in its month long price channel. If the $0.30 key support fails to hold, Hedera will experience a fall to its bottom trend (black) of its price channel.
Looking at the Stochastic RSI at the bottom, it has reset to oversold conditions. When this occurs on the chart it means one of two things; The price has consolidated enough and is gearing up for its next bullish run up or the bears have control of the price & more downside is coming as the strength sits on the floor. In this case, the last 4hr candle has started losing strength and the Stochastic RSI seems to be turning back to hit another low in the oversold territory.
In conclusion, HBAR needs to break out its current price channel (black trend lines) to really see a big move, until then it is considered consolidation.
HBAR intraday levels
Spot rate: $0.345
Trend: Sideways
Volatility: Low
Support: $0.30
Resistance: $0.358
HBAR to 0.60 or 0.28 Very possible either wayWe need to cross 0.39236 to have confirmation towards the 0.60 other wise HBAR may goes sideways with possible slide down even to 0.28.
If we cross the 0.39 easy reach the 0.60, Giving the momentum we have now, there is a good chance to reach that level, just don't get disappointed if we didn't cross over because as you see the Descending Triangle that we are in, still huge and we may still have some times to cross over, Means more consolidations...
I don't want to promise you the moon as some wish and I do too, but we have to be realistic and trade smart.
Please Trade at your own risk.
HBAR - Bullish Pennant in the making??To predict the future, you need to look into the past. In the past, whenever we cross on the Stochastic RSI on the daily, we increase between 50% - 354%. Looks like HBAR is creating a Bullish Pennant. Next targets before we have a slight dip is the 2.618 (Flagpole breakout at around 0.75)). After the slight dip to maybe the 1.618 fib level (0.57), I can see HBAR hitting well over $3 in the near future!
I don't usually follow fundamentals (news and events), but this crypto has one of the best fundamentals I have ever seen in the crypto space.
1. Partners with many big players (such as Google , IBM , LG.. Look at their link to see hedera.com)
2. Will be a part of the Consensus 2021
3. Has a working product
4. Very low market cap crypto. The lower the market cap, the higher the reward ;)
5. Also one of the altcoins that may be added to Coinbase: blog.coinbase.com
I will start taking profits at $3 and working my way up. Let me know what you think.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Be fearful when others are greedy and greedy when others are fearful." - Warren Buffet.
"Show me the charts, and I'll tell you the news." - Bernard Baruch
HBAR might go rocket!!Hedera Hashgraph has been acting the was acting the way we predicted!
HBAR has already broken the trend line and right now it's testing it...
If its not a fake breakout we might see a a huge movement up with a few stops...
But my price target is 0.50-0.52.
If it's a fake breakout we could see a move down to 0.26.
I am still pretty bullish on HBAR!
HBAR next possible moves?So HBAR hasn't made the fifth wave as I was supposing.
Right now it is also crossing the 20MA.
What to expect now??
1, Green line
- we could see a bounce from the long trend line...
2,Orange one
- We could break the line and test is as a resistance with a bounce from a resistance level at 0.25.
3, Red line
- It could also be forming double top pattern which is super bearish.
- If we break the resistance at 0.25 we could possibly drop even lower to last resistance point around 0.11.