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Not Financial Advice
I wanted to make a quick post discussing my views on the current chart for HBAR because of my prior meme post. It also looks very beaten down compared to other alts and hasn't had any substantial bounce like XRP.
Some other alts have had at least gotten to the August highs but we have some stragglers behind like CRO, VET, HBAR, and AVAX to name a few that are still near the lows.
I noticed that XRP looks similar to the 2nd Wyckoff Accumulation and it seems to be in the Phase D where it chops before moving higher. I'm not entirely sure if it will playout like that but its likely if the SEC lawsuit gets finished up soon.
HBAR seems to look similar to the 1st Wyckoff Accumulation structure where it has a spring but it's not exactly the same like XRP. For example they both had 7 waves down instead of the typical 5 waves down as seen in both Wyckoff Schematics. Also the different highs dont match up exactly the same in the range.
This is most likely due to the extreme volatility in crypto but I think it has a good chance to be in Phase C right before it starts to head up.
I could be wrong or it could take longer than expected but I think HBAR could be a solid play at these levels especially.
Not Financial Advice
I wanted to make a quick post discussing my views on the current chart for HBAR because of my prior meme post. It also looks very beaten down compared to other alts and hasn't had any substantial bounce like XRP.
Some other alts have had at least gotten to the August highs but we have some stragglers behind like CRO, VET, HBAR, and AVAX to name a few that are still near the lows.
I noticed that XRP looks similar to the 2nd Wyckoff Accumulation and it seems to be in the Phase D where it chops before moving higher. I'm not entirely sure if it will playout like that but its likely if the SEC lawsuit gets finished up soon.
HBAR seems to look similar to the 1st Wyckoff Accumulation structure where it has a spring but it's not exactly the same like XRP. For example they both had 7 waves down instead of the typical 5 waves down as seen in both Wyckoff Schematics. Also the different highs dont match up exactly the same in the range.
This is most likely due to the extreme volatility in crypto but I think it has a good chance to be in Phase C right before it starts to head up.
I could be wrong or it could take longer than expected but I think HBAR could be a solid play at these levels especially.
