HBAR / BTC - May test ATH soon @ 864 sats
Broke out of bull flag and have formed a symetrical triangle / bull pennant after the 67% rally that occured w/in hours a few days ago.
A bullish break out of the symetrical triangle has a strong target right at 864 sats, our current all-time-high vs BTC, here's what it looks like zoomed in on the 1H chart:
Should we break and stay above that, a conservative target is the yellow dotted line in the mid-900s, but considering the larger structure of HBAR as shown on the daily chart, a more likely target puts us above 1100 sats.
There is potential we repeat a pattern from our previous run up & bull flag break, for that I posted an alternative scenario, linked below. If we drag out and do this instead, mid 900s to 1100 sats become conservative targets and we have the potential to go much higher.
A bullish break out of the symetrical triangle has a strong target right at 864 sats, our current all-time-high vs BTC, here's what it looks like zoomed in on the 1H chart:
Should we break and stay above that, a conservative target is the yellow dotted line in the mid-900s, but considering the larger structure of HBAR as shown on the daily chart, a more likely target puts us above 1100 sats.
There is potential we repeat a pattern from our previous run up & bull flag break, for that I posted an alternative scenario, linked below. If we drag out and do this instead, mid 900s to 1100 sats become conservative targets and we have the potential to go much higher.
