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.
”Class A bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a previous rally. Class A bearish divergences often signal a sharp and significant reversal toward a downtrend” (Investopedia). Invalidated?
ProjectSyndicate
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always spot on sharp technicals
Mihai_Iacob
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I also see it above 0.10...
melikatrader94
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great insight!
basictradingtv
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Excellent work as always!
Gold-Tech
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I agree with the priority. We will keep an eye on the market