SpartaBTC

HBAR/USDT The main trend (the whole trading history). Pivot zone

SpartaBTC Updated   
BINANCE:HBARUSDT   Hedera Hashgraph / TetherUS
Logarithm. The time frame is 1 week. An idea for understanding the underlying trend and cycles.

The coin is the 30th most capitalized coin according to coinmarketcap as of September 9 (9 11), 2023.

The large time interval and long history of the chart shows not only the cyclicality of the past, but also the more likely future. This idea makes it clear how important for the market (not only for this cryptocurrency) this time zone is, which will determine the further development of the long-term trend.

Many for some reason consider a separate altcoin separately from the whole market and are sure that its trend should be different from the general direction of the market (stock, bitcoin), this is an extremely wrong approach.

It is worth noting that quite a few large wallets of this cryptocurrency have been created over the past few months. Whether people accumulating this asset will be right or wrong, only time will tell. Everything will be decided in the coming months.


Line chart.

Trade closed: target reached:
+50% at the moment, price is moving towards the resistance 0.0845 of the horizontal accumulation channel (phase 2 of the big bowl)
Trade active
Trade closed: target reached:
+81% from the reversal now in the moment. The price is at the key reversal level (resistance of the accumulation channel), which will be the 2nd phase of the "bowl" pattern in case of consolidation and exit (the price is already above it). Blockchain (type) which will be implemented in the financial sphere of the highest level by one of the most influential countries in the world (and the mantra of hamsters, fools and social parasites - "with a high probability").
Trade active
Trade closed: target reached:
impulse after a pullback to break the resistance 0.0845 (yellow color) of the accumulation zone (2nd phase of the big bowl) to the zone of the level 0.12. Note that the impulse is exactly in the dynamic resistance line of the liquid zone of the big channel, such miracles are made by stock exchange algorithms according to the template. Probably some "news" is about to be written down. Do not lose coins on local pumps in the accumulation zone to really big targets (not now of course, it's all dabbling). Your coins will be "taken away" from you now on the local price growth.
Trade active
Comment:
medium-term bowl targets. Linear without market noise.

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