BINANCE:HBARUSDT   Hedera Hashgraph / TetherUS
Forming a head n shoulder pattern which is HBAR potentially moving down till it meets strong support. HBAR also moving below EMA 90 that indicate HBAR is in bearish trend (4H Timeframe)

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If you look at the depth chart on livecoinwatch, bids always exceed asks around .20. Any move below that is immediately brought back up within the day.
So it seems that this thing will likely play out until the end of the triangle and possible continue sideways beyond that. Back when it was around .03, the consolidation took close to a year before moving up a great deal.
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@slatermaus this didn't age well. Oops
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On the up side, it has also formed a double bottom and continues to find support at 0.19. The bigger picture is a great big Bull Flag. Might go for a final shakeout down to .16 for a touch and go. Is it worth the 0.03 cent gamble to miss the breakout?
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ivanderjv michael80844
@michael80844, hmmm after i check it , i think HBAR is forming descending triangle in the bigger timeframe & the price will go 0.16 if it's break the support. But, thankyou for share your opinion man , appreciate it! :D. Notes: This is my opinion & my view, i just share it and if u want to trade it, it's your risk not mine. Happy trading :D
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michael80844 ivanderjv
@ivanderjv, cool, time will tell.
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i think 0.16776 is a good target
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Target price for HnS pattern is too far , so i used the last strong support as a target price for short selling
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if u all notice , there's many rejection from trendline resistance and the last one is strong rejection
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