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dudebruhwhoa
Mar 21, 2021 7:08 PM

HBAR / BTC - Breakout / Re-testing - Short-term gains Long

Hedera Hashgraph / BitcoinBinance

Description

Quick chart for HBAR / BTC 30min time-frame:

-- Good chance to visit 721, may see slightly higher high ~775.

Two possibilities after that:

1.) touch previous all-time high around 817-867, or
2.) a double top here and a significant pullback into the low 400s.

At the moment, double top seems possible because prior to breaking out we were forming a wedge testing 530s, although larger timeframes indicate a new ATH is coming before we see any good pullback, and then continued new highs beyond that. See LINK comparison below.

Also, USD pairing formed a W on the 30min chart, broke-out, and is currently re-testing the top:

Comments
Henry_Ross
Interesting idea, thx!
dudebruhwhoa
@Henry_Ross, thanks Henry, cheers
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