Although I am a crypto-sceptic, I am very bullish on HBAR because I believe it is the only real contender with any potential in the crypto marketplace and it is very likely to displace the majority of it's competitors and become the dominant crypto of the future.
I held HBAR from 1 cent to 30 cents until I liquidated anticipating a pullback and a 2nd entry opportunity.
The pullback did indeed occur, however, it's looking likely that we will not ultimately dip that far below 20 cents.
We can see that HBAR during the 2021 dip-and-rally formed strong MACD convergence during a downmove.
This time, we have an even stronger MACD convergence combined with what appears to be a bull-flag formation within a falling wedge.
Although I haven't done a proper count, I also suspect this may constitute wave 4 which means we could see a substantial Wave 5 move over the Spring + Summer.
The last time this occurred, HBAR pumped by about 260%.
I suspect a similar range could be on offer this time around.
I held HBAR from 1 cent to 30 cents until I liquidated anticipating a pullback and a 2nd entry opportunity.
The pullback did indeed occur, however, it's looking likely that we will not ultimately dip that far below 20 cents.
We can see that HBAR during the 2021 dip-and-rally formed strong MACD convergence during a downmove.
This time, we have an even stronger MACD convergence combined with what appears to be a bull-flag formation within a falling wedge.
Although I haven't done a proper count, I also suspect this may constitute wave 4 which means we could see a substantial Wave 5 move over the Spring + Summer.
The last time this occurred, HBAR pumped by about 260%.
I suspect a similar range could be on offer this time around.