HBARUSD hit the 1W MA50 while forming a 1D Golden Cross! Buy?

BINANCE:HBARUSD   Hedera Hashgraph
Hedera Hashgraph (HBARUSD) is forming today a Golden Cross on the 1D time-frame while being on a pull-back after hitting the 1W MA50 (red trend-line) yesterday for the first time since January 21 2022.

Having invalidated the RSI's Bearish Divergence, we expect this pull-back to be a buy opportunity as long as it closes above the 1D MA50 (blue trend-line). Our short-term target is 0.1100 (Resistance 1), right above the 0.382 Fibonacci retracement level from the All Time High.


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