HBAR is breaking out of the daily bar chart's falling wedge after having already broken out of a weekly line chart's falling wedge, both here on the weekly candle chart.
Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see a weekly close above).
See my related idea here, where I think we need to get and hold above 10-12 cents prior to going for weekly resistance:
Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see a weekly close above).
See my related idea here, where I think we need to get and hold above 10-12 cents prior to going for weekly resistance:
Trade active:
Weekly breakout remained intact at weekly close, today we saw a re-test - have marked some areas on the chart for re-tests based on keeping or losing the breakout, which largely depends on bitcoin here at its make or break of 36.5k:
Comment:
Think it's getting close to the start of the move up I've been expecting, 4 weeks held above the wedge, bitcoin breaching 40k, good stuff - bitty still needs to hold up for it to occur:
Trade active:
Update on chart, reached 8.5 cents today:
Trade active:
Continuing up into this last resistance area. 9.15ish is an important area for the daily to break and hold above, 10 cents as a psychological barrier. Get and hold above both to begin the move to weekly resistance, or get rejected and try again:
Trade active:
Trade active:
Update - have made it about halfway towards both TP 1s
