Hedera

HBAR Wave 2 complete, but more downside first

323
HBAR wave 2 looks complete at the golden pocket and High Volume Node support after printing an ABC down. A deeper visit into the wick left behind is likely before we continue up in wave 3. Testing the 0.5 Fib and High Volume Node is where I am looking for a long.

Weekly RSI has bullish divergence, a good sign, but plenty of room to fall until oversold. Price is currently at major resistance of the channel lower boundary and High Volume Node.

A strong upside move has a target of the all time High Volume Node. Targets of $1+ are still on the cards.

Safe trading




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