Not Financial Advice
HBAR seems to be rejecting this resistance zone and within the next couple weeks it should make a decision in which way its going to go.
I made a couple rough examples of how it could potentially play out but it seems to be respecting fib levels pretty well.
If it breaks out the first resistance area I see a potential issue with is the 7 cent spot which would probably require a retest of a prior Fib level before moving higher.
Anyways this market is irrational and its obvious anything can happen regardless of outside circumstances so I prefer to trade charts instead of what the Federal Reserve says.
It could potentially break to lower levels but then it risks requiring another 5-6 months of consolidation before it has another move up so I view upside as more likely especially considering a lot of other alts have been moving up.
HBAR seems to be rejecting this resistance zone and within the next couple weeks it should make a decision in which way its going to go.
I made a couple rough examples of how it could potentially play out but it seems to be respecting fib levels pretty well.
If it breaks out the first resistance area I see a potential issue with is the 7 cent spot which would probably require a retest of a prior Fib level before moving higher.
Anyways this market is irrational and its obvious anything can happen regardless of outside circumstances so I prefer to trade charts instead of what the Federal Reserve says.
It could potentially break to lower levels but then it risks requiring another 5-6 months of consolidation before it has another move up so I view upside as more likely especially considering a lot of other alts have been moving up.
