Quick chart here. Is HBAR / BTC in a parallel uptrend? We still need 3 touches at top and bottom to confirm this. If this is correct, we're at the bottom of the trend now and should see another trip to the top.
Should we do that and stop at the top, expect to see a third trip to the bottom as well. MACD and RSI are also pointing to a reversal here, as confluence.
An alternative possibility, if we hold channel bottom and then break channel top, this could turn into a giant inverted head/shoulders and become much more bullish sooner.
Should we do that and stop at the top, expect to see a third trip to the bottom as well. MACD and RSI are also pointing to a reversal here, as confluence.
An alternative possibility, if we hold channel bottom and then break channel top, this could turn into a giant inverted head/shoulders and become much more bullish sooner.
Note
Still within the channel, just an idea - what if this is a giant inverted HS. Had suggested this before when thinking we'd go further down before up, but initially tried lining up the right shoulder w/ a trendline drawn from left shoulder (we went lower than that):
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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.