Hedera

HBAR bottom in or lower to go?

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HBAR is failing to put in any significant moves

If the bottom is in, then the recent move up was wave 1 and wave 2 is underway, finding support so far at the golden pocket but failing to react with the strength we expect from wave 3, making me lean towards wave 2 still being alive with lower to go. The altCoin golden pocket 0.786 sits just below at the S1 pivot where confluence can be found and a high probability bottom in this local structure may be.

Failing this and its likely HBAR has new lows to come in the macro structure, with a target of the HIgh Volume Node and S2 pivot at $0.07

The downtrend channel is intact with a series of lower lows and lower highs

Daily RSI printed hidden bearish divergence

Bitcoin dominance is in control.

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