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HBARUSD trade ideas

HBAR Weekly/Daily Falling Wedge BreakoutsHBAR is breaking out of the daily bar chart's falling wedge after having already broken out of a weekly line chart's falling wedge, both here on the weekly candle chart. Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see a weekly close above). See my related idea here, where I think we need to get and hold above 10-12 cents prior to going for weekly resistance:
CRYPTO:HBARUSDLong
by dudebruhwhoa
HBAR to Repeat its Prior Move?This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly: one that acts as support another that acts as resistance When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a higher set of highs, dropping back down to 1.5x, and then losing it to fall back into parallel support. After falling into parallel support, it tested the top of it and failed to move above, causing it to drop down to the bottom. When it did this it moved below support's bottom, but when it failed to remain below, it saw a strong and fast move back to the top of parallel support for another attempt to move above. This also failed, leading to a move back down towards the bottom. Now that it has made 3 attempts at bottom, each attempt weaker than the previous, it should be ready for a 3rd attempt at the top of parallel support. I expect it will break above it, as it has already failed to break below. TP 1 and 2 are likely targets if it does this, but we could also see a repeat of its prior move sending COINBASE:HBARUSD back into and towards the top of its parallel resistance. An example of how they are similar:
CRYPTO:HBARUSDLong
by dudebruhwhoa
6
HBAR Long Term StrategyMarket Cap $2,489,663,131 9.22% Fully Diluted Market Cap $15,067,834,183 9.22% Volume 24h $657,357,987 63.52% Volume / Market Cap 0.2634 Circulating Supply 8.26B HBAR 17% Max Supply 50,000,000,000 Total Supply 50,000,000,000 www.hedera.com Hedera long term strategy to go with the hype around this coin. I'm not one for fundamentals, as I feel all coins are basically the same. This is purely a high-risk, low capital long term strategy. Much like my TRX play. But I do favor this one more. Anticipating 3 areas of DCA on this. Technicals: Weekly time frame, Binance. Original fork still an option but favoring modifier for now due to passage of time and symmetry. Currently resistance in upper parallel. However, the longer this goes sideways and remains above 21 Week MA I will be more bullish to the upside. I have marked my areas of potential zones I would prefer to see bounces and levels which I will add to bag. Anticipation of this is 2-4 years so patience is key. Will update upon further market information. Short term: Anticipating profit taking and return to median line. Also would like to see more passage of time (~eoy 2021). However, any moves back above 40 cents will lead me to believe in more immediate upside.
BINANCE:HBARUSDLong
by RedTeamv1
43
HBAR Eyes $0.1699 Amidst Trend Reversal25% Price Jump: HBAR price exhibits a significant increase, breaking past the $0.10 barrier, showcasing strong bullish momentum. Challenges $0.12 Level: The token's price movement is aligning with the 1.618 Fibonacci level, indicating a potential challenge to the $0.12 resistance level. Potential for a 50% Upside: With the current bullish breakout, the HBAR price trajectory could reach up to $0.1699, highlighting substantial upside potential. Impact of DeepTech Venture Studio Announcement: Following Hedera's announcement in Saudi Arabia, HBAR experiences a new wave of bullish momentum, indicating positive market sentiment. SaucerSwap TVL Growth: The rising Total Value Locked (TVL) in SaucerSwap contributes to the bullish outlook for HBAR, reinforcing its market position. Surge in Market Activity: A 50% increase in the last two weeks, combined with breakout events and rising trading volumes, underpins the strong performance of HBAR. Falling Wedge Breakout: A clear trend reversal was signaled with a falling wedge breakout on February 6, emphasizing a bullish trend for HBAR. Current Trading Price: HBAR is currently trading at $0.107, with a temporary pullback reflecting a consolidation phase after the recent surge. RSI Indicator Analysis: The RSI indicator entering the overbought zone suggests a very bullish market sentiment, although a minor dip indicates potential short-term consolidation. Price Target of $1: The market buzz around HBAR reaching $1 is growing, supported by recent developments and market recovery, with immediate resistance observed at $0.12 and $0.1699.
BINANCE:HBARUSDLong
by Coinpedia-Market-Insight
BULLISH IDEA HBAR to 0.105003M chart tells an interesting story: zooming out, we see a big green candle validated by a big green volume bar, breaking trading range (taking open/close prices only). With 1.5M left in current 3M cycle, I think we'll see a push towards 0.10500 by end of current 3M cycle or in the next. 1M/1D looking at the 1M chart, the last 3 candles show a spike in price, followed by some consolidation seen by the last two candlesticks. Price is ranging. and probably will continue to do so. Zooming in, we are able to beter identify the range in which HBAR would need to break (hopefully upside lol): 0.6827 - 0.10178. Pretty big range, but it is what it is and it aint what it aint. Personally will continue to DCA so long as we dont break downside in the range.
COINBASE:HBARUSDLong
by NCEJ_LL
1
Monthly Adam & Eve Breakout Being Re-testedMonthly close is in a little over 5 days. CRYPTO:HBARUSD formed an Adam and Eve double-bottom on the monthly right at center and top of Monthly Support before breaking out to confirm that pattern and is now re-testing it for final confirmation or denial. Hold the monthly neckline at 7.3 cents and we can expect a move up towards Monthly Resistance as we get into February and March. Lose it and we likely will see another test of monthly support instead, which is around a falling wedge top, or this re-test area and/or the 200 day EMA and MA that I have marked and displayed on my weekly chart below. Note that HBAR also saw a 50/200 day EMA and MA Golden Cross during the last few months of 2023, and is presently sitting back below the 50 EMA and MA. However, it has held above the 200 EMA and MA. So, we also need to see it recover the 50 EMA and MA if and after we see a close above the monthly neckline as well or these areas could be tested again. Weekly chart showing Golden Crosses and Falling Wedge break / re-test(s) - also shown in related published ideas below, but updated chart pic here: TL / DR - hold the Adam/Eve double-bottom's monthly neck @ 7.3 cents to continue up, lose it to re-test 200 day EMA/MA and/or the falling wedge re-test area marked on the weekly chart above.
BINANCE:HBARUSDLong
by dudebruhwhoa
3
Hedera's Leap Toward $0.10: Fueled by Saudi's DeepTech VentureBullish Momentum: HBAR's recent surge of 7.79% marks a bullish endeavor to breach the 50-day EMA, showcasing potential for further gains. Retest Phase: Post-surge, the demand wanes, pushing HBAR into a retest phase of the recent wedge breakout, suggesting a consolidation before another leap. Sustaining Gains: If HBAR can maintain its position above the 50-day EMA, projections see it climbing to the $0.091 threshold, edging closer to the coveted $0.10 mark. Correction Concerns: Despite a spirited rally to $0.10, HBAR faces challenges in establishing a robust support level, with the 200D EMA becoming a focal point for a potential bullish reversal. Supply Pressure: The immediate resistance posed by the declining 50D EMA tempers the bullish sentiment, indicating a tug-of-war between buyers and sellers. Saudi’s Backing: The announcement of Hedera's DeepTech Venture Studio in Saudi Arabia, part of a significant $250 million initiative, injects optimism and potential for HBAR's upward trajectory. Pattern Breakout: HBAR's price movement within a falling wedge pattern hints at a bullish breakout, underpinned by a 30% decline that sets the stage for a rebound. Volume Dynamics: A spike in trading volume supports the breakout, although the subsequent retest phase sees a decrease, highlighting the market's hesitancy. RSI Indicator: The RSI's bullish spike falls short of crossing the midway point, yet the rebound from oversold conditions signals growing demand. Market Watch: Traders are closely monitoring the 50D EMA breakout as a pivotal entry point, with the $0.10 target within sight, contingent on sustaining the bullish momentum
BINANCE:HBARUSD
by Coinpedia-Market-Insight
Hedera: Almost done 😮‍💨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.
BINANCE:HBARUSDLong
by MarketIntel
1
HBAR Price Aiming for $0.10 BreakoutCurrent Momentum: HBAR is experiencing a breakout rally, aiming to hit $0.12. Psychological Barrier: The focus is on the crucial $0.10 mark, a significant psychological level for HBAR. Pattern in Play: The rally follows a double bottom breakout in the daily chart, indicating bullish potential. Weekly Kickoff: The week starts with a 10.86% jump for HBAR, currently trading around $0.0951. Intraday Observations: A recent 2.07% drop forms a shooting star candle, hinting at resistance near $0.10. Market Support: Bitcoin’s movement to $45K and a rise in trading volume underpin HBAR’s bullish scenario. Entry Signal for Traders: A decisive break above $0.10 could be a key entry signal for those on the sidelines. Technical Indicators: MACD: Recent crossovers show indecision, but the current positive alignment suggests bullish momentum. Next Milestones: Breaking $0.10 could lead to a further rally, potentially towards $0.12. Risk Assessment: Despite bullish signs, failure to maintain momentum could see a pullback to around $0.060. Overall Outlook: HBAR’s price trajectory is promising, with a strong focus on sustaining the rally above $0.10 for continued bullish momentum.
BINANCE:HBARUSDLong
by Coinpedia-Market-Insight