We need to cross 0.39236 to have confirmation towards the 0.60 other wise HBAR may goes sideways with possible slide down even to 0.28.
If we cross the 0.39 easy reach the 0.60, Giving the momentum we have now, there is a good chance to reach that level, just don't get disappointed if we didn't cross over because as you see the Descending Triangle that we are in, still huge and we may still have some times to cross over, Means more consolidations...
I don't want to promise you the moon as some wish and I do too, but we have to be realistic and trade smart.
Please Trade at your own risk.
If we cross the 0.39 easy reach the 0.60, Giving the momentum we have now, there is a good chance to reach that level, just don't get disappointed if we didn't cross over because as you see the Descending Triangle that we are in, still huge and we may still have some times to cross over, Means more consolidations...
I don't want to promise you the moon as some wish and I do too, but we have to be realistic and trade smart.
Please Trade at your own risk.
Comment:
If you look at chart below, Hedera is following the same pattern that we had previously. Hopefully it will continue
Comment:
This is an update for the short term on HBAR. On the hourly chart, it appears to me that we ae breaking out of a small falling wedge, for that we expect to rise to about 0.36400 and than fall back to the same level we have now 0.34
Also on the daily chart, doesn't look that we are going to breakouts the resistance of 0.39 any sooner, Look at the StochRSI witch is at almost the highest level of overbought. I expect a fall in price to about 0.28 before we recover again upwards.
Also on the daily chart, doesn't look that we are going to breakouts the resistance of 0.39 any sooner, Look at the StochRSI witch is at almost the highest level of overbought. I expect a fall in price to about 0.28 before we recover again upwards.
Comment:
Hello friends, I included below a 4hr and 1hr charts to see the whole picture of where we are now. HBAR have failed to cross the 0.37, It's still consolidating inside a small descending wedge that have a support line of 0.33 and resistance to break 0.36. As you may know this pattern is bearish unless we have a very strong momentum from buyers to change the outcome. I expect to reach again the 0.358 before we fall again to 0.33 and breakouts towards the 0.30 and 0.28 strong support line. If at anytime we cross with a solid gain the resistance line of that small descending wedge than we have a hope to continue upwards towards the 0.42.
Comment:
HBAR has broke the resistance of 36.5 of the small descending wedge, This is a strong signal that the bullish upwards towards the 0.42 at least is coming.