Our trend line has acted as a pivot for the last 3 moves, each time we found a bottom, twice, which ended near the trend line, and followed with a significant move up. Assuming this occurs again and we don't break below the trend line, we can expect a move to ~1000 sats, possibly as high as 1125.
Close below the trend line on the daily invalidates the trade. Possible outcomes of a break below the trend line are:
- repeating pattern idea:
- triple bottom vs. btc (or a giant HSi may form)
Chart from this post is Heiken Ashi daily chart, levels were drawn using multiple time-frames, main trend line is drawn from daily candlestick. Targets are chosen via double bottom projection and fibs.
2 Hour Candlestick Chart zoomed in:
Daily Candlestick Chart, also zoomed in:
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Here's another interesting look, what if HBAR / BTC weekly is in a parallel channel (same scenarios still apply as described above):
Hbarbtc still bleeding seems like double top ,, and lows are coming..
dudebruhwhoa
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@modotir, thanks for your reply - yup, you could be right. I posted an alternative idea for a triple bottom or a giant inverted HS in the write-up above. BTC.D needs to correct a good bit if we're going see another altseason. That said, HBAR has been on its own course compared to other alts, so we'll just have to see - it could still pop up from here or do the drag-out for 2-3 months proposed in the repeating pattern idea above. Here's BTC.D:
dudebruhwhoa
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Please share your thoughts and predictions for HBAR in the comments, and thanks for stopping by! :)