BINANCE:HBARUSD   Hedera Hashgraph / US Dollar (calculated by TradingView)
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

DAILY: Left Chart
HBAR is sitting around a strong support in green so we will be looking for buy setups.

HBAR formed a wedge pattern in red but it is not ready to go yet.

Long-Term Trigger => For the bulls to take over, we need a momentum candle close above the last high in gray.

Meanwhile, since it is sitting around the lower gray zone, we will be looking for buy setups on lower timeframes too.

H4: Right Chart
HBAR is forming a double bottom pattern but it is not ready to go yet.

Short-Term Trigger => Waiting for a momentum candle close above the blue neckline to buy.

Meanwhile, until the buy is activated, HBAR can still trade lower inside the green support zone .

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL indicator
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