Quick and simple chart showing shorter term targets for the HBAR daily chart, bull and bear, with support and resistance.
I think there's a good chance at this point that we hit the area within the green box, likely on the dot on the top and bottom, prior to moving up.
However, there's still a possibility that we reclaim the uptrend recently lost, after having made a double bottom at 4.65 cents. Should that occur, then we head up much sooner.
Either way, when we head up, the resistance area will begin and end at the first two bull targets, or the bottom and top of the red box.
It is crucial that HBAR get above ~11.6 cents to see a stronger move, and it will again begin to face resistance around 15-17 cents before getting a chance to move up near its old bull market highs.
Just the same, it really needs to hold ~3.46 cents, or we could see a stronger move down below 3 cents.
I think there's a good chance at this point that we hit the area within the green box, likely on the dot on the top and bottom, prior to moving up.
However, there's still a possibility that we reclaim the uptrend recently lost, after having made a double bottom at 4.65 cents. Should that occur, then we head up much sooner.
Either way, when we head up, the resistance area will begin and end at the first two bull targets, or the bottom and top of the red box.
It is crucial that HBAR get above ~11.6 cents to see a stronger move, and it will again begin to face resistance around 15-17 cents before getting a chance to move up near its old bull market highs.
Just the same, it really needs to hold ~3.46 cents, or we could see a stronger move down below 3 cents.