Technical Analysis:
High-Profit Pattern here.
We are seeing a double frying pan and a jay hook, with the MACD about to rise into a bullish divergence and the Stochastic RSI showing above the 32 levels on the buy signal.
I believe we will see an upside to .50 if it is able to beat the .45 resistance levels.
Please do your own research as this is just my opinion but I personally have invested a small chunk of my portfolio into this coin given that is has phenomenal fundamentals as an industry standard for blockchain usage globally.
Fundamental Analysis:
Hedera Hashgraph is a layer 3 solution that can process 50,000 transactions per second, has high enterprise-grade security, and is easy for developers to build on with Java, Javascript, and Go SDKs available.
Competitors include blockchains like Solana, Algorand, Harmony One, and Matic although none of them can compete with Hedera in my opinion from a software engineering perspective.
Fees are fractions of a penny making this a more usable blockchain than others as well.
In fact, Hedera Hashgraph is not actually a blockchain, but technically a hashgraph, a whole new kind of technology that is much more advantageous than traditional blockchain technology.
I hope this helps anyone looking to trade this and understand the technology further as well as technical analysis and finding high-profit patterns, good luck trading!
High-Profit Pattern here.
We are seeing a double frying pan and a jay hook, with the MACD about to rise into a bullish divergence and the Stochastic RSI showing above the 32 levels on the buy signal.
I believe we will see an upside to .50 if it is able to beat the .45 resistance levels.
Please do your own research as this is just my opinion but I personally have invested a small chunk of my portfolio into this coin given that is has phenomenal fundamentals as an industry standard for blockchain usage globally.
Fundamental Analysis:
Hedera Hashgraph is a layer 3 solution that can process 50,000 transactions per second, has high enterprise-grade security, and is easy for developers to build on with Java, Javascript, and Go SDKs available.
Competitors include blockchains like Solana, Algorand, Harmony One, and Matic although none of them can compete with Hedera in my opinion from a software engineering perspective.
Fees are fractions of a penny making this a more usable blockchain than others as well.
In fact, Hedera Hashgraph is not actually a blockchain, but technically a hashgraph, a whole new kind of technology that is much more advantageous than traditional blockchain technology.
I hope this helps anyone looking to trade this and understand the technology further as well as technical analysis and finding high-profit patterns, good luck trading!
Comment:
EDIT: I accidentally said 50,000+ transactions per second, I meant to say 10,000+ transactions per second, my apologies if that confused anyone.
Comment:
Parabolic move imminent.
Comment:
So far, up 13% since I posted this idea. Things are looking great in the $HBAR world.
Comment:
I'm currently still long on Hedera despite slightly failing the pattern, I'm going to stay long a bit longer and see where this goes as the entire market took a dip today and generally recovers after a day or so.
Support seems to be around .28 at the moment on the 2 hour timeframe.
I will provide an update if things change.
Support seems to be around .28 at the moment on the 2 hour timeframe.
I will provide an update if things change.
Comment:
Broke the pattern, still seems to be support at .28 but I will wait for new confirmation to re-enter for now.
Good luck to all.
Good luck to all.
Comment:
I have now re-entered after a bit of a wait, my confirmation has gone through and will be long again until further notice.
Comment:
Looking on the upside here for $HBAR, let us see if it is able to retest after the $DOGE takeover.
I believe with $DOGE hyping up the markets, it took some attention away from smaller coins and we will see profits soar back into other alts.
I believe with $DOGE hyping up the markets, it took some attention away from smaller coins and we will see profits soar back into other alts.