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DU09
Nov 10, 2021 11:57 AM

HBAR/USD - Pump to $0.50 in progress!🚀🚀🚀 Long

Hedera Hashgraph / TetherUSBinance

Description

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HBAR wanted to escape the ascending triangle in blue, but was pushed back on the first attempt. However, this second try seems successful with a full daily candle closing above the triangle.

This is bullish and today's daily candle shows it. As such, expect to see HBAR rally quite fast to $0.5 which will act as resistance, so profit taking can take place there.

Indicators are bullish and looking good for continuation, while volume is a bit low, but bulls are in control of the price, at least until we hit the resistance.

Bias is bullish.

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Comments
Mihai_Iacob
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great analysis! thanks
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