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InvestingScope
Jul 18, 2023 3:31 PM

HBARUSD: Is ahead of a big long term bullish breakout. Long

Hedera Hashgraph / US DollarBinance

Description

HBARUSD is above its 1D MA50 but still inside the February Channel Down, restrained under the 1D MA200 but with the 1D technicals bullish (RSI = 62.752, MACD = 0.001, ADX = 27.218). The 1D MA200 has been unbroken since May 2nd so it is our technical trigger. A cross over it, will be a buy entry, targeting the 0.618 Fibonacci level (TP = 0.0700). An early bullish indication comes from the 1D MACD, which is turning upwards in contrast with the sequence on the last bullish leg that turned downwards on April 17th.

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Comments
AZEB1A
Agreed! Cheers
dudebruhwhoa
I have a similar outlook, thanks for sharing!
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