If you've seen my past signal on HBAR you know already that the white lines are two strong R/S and I think they are still in play, however watching the weekly chart I think currently the chart is into an ascending channel. Off course ascending channels eventually break downwards but as I said.... eventually!
For reasons I don't know HBAR did a strong reversal (at the time of writing the daily candle is at +22%) but should it close over that white R that would make me very happy. As you can see until we hit the upper border of the channel there's a long +90% still do be achieved as we price jsut bounced on lower border, so it's the right time to enter.
Check the volume, it's currently over 11mil while yesterday was below 3mil, VLPR (not shown here) shows buys are distribuited and price is over the control's line and SMI show a bullish DIV. Moreover the project is very good and people keeps calling for coinbase to list this one which is totally possible, especially considering that coinbase has recently listed a ton of shitcoins so why should they snub a very good project?
I'd open a 20% position here and then set a 30-40% position around 0.27 USDT because this should retrace a bit after this run.
Good luck
For reasons I don't know HBAR did a strong reversal (at the time of writing the daily candle is at +22%) but should it close over that white R that would make me very happy. As you can see until we hit the upper border of the channel there's a long +90% still do be achieved as we price jsut bounced on lower border, so it's the right time to enter.
Check the volume, it's currently over 11mil while yesterday was below 3mil, VLPR (not shown here) shows buys are distribuited and price is over the control's line and SMI show a bullish DIV. Moreover the project is very good and people keeps calling for coinbase to list this one which is totally possible, especially considering that coinbase has recently listed a ton of shitcoins so why should they snub a very good project?
I'd open a 20% position here and then set a 30-40% position around 0.27 USDT because this should retrace a bit after this run.
Good luck
Comment:
so far HBAR is doing like I foresee, my only error was telling you to set another entry around 0.27 and in the retracement it didn't go below 0.276. At this point I'd enter here and forget about it. I expect a lot from HBAR in 2022.
