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Helical_Trades
Apr 19, 2021 7:29 AM

HBAR/USDT : HBAR is moving into a descending channel  Long

Hedera Hashgraph / TetherUSBinance

Description

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BINANCE:HBARUSDT
Hello everyone 😃

HBAR had a retest on descending channel's bottom. ( It seems that HBAR had a pullback from it's major support line )
Also there was a support line which is formed from last bounces below current level.
We expect a retest on channel's top;
But there will be some barriers to break !
There are 2 resistance zone, One of them is above of current level.
And other is at channel's top; If HBAR tries to break resistance and take hold above it,
Then it will probably go for higher ATH.

📌 Have to mention that MACD is being bullish and it will confirms the continuation of upward movement.
By the way if channel's top reject HBAR to break; Then we would see a bull flag formation in higher timeframes...

Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades
Comments
irvaniali79
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are u sure ?
Helical_Trades
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@irvaniali79, It's still above support line...
SL is below descending channel;
So there is nothing to worry !

I mentioned the track from current point.
So it's actually our entry mate
Helical_Trades
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Bitcoin is testing the $55000 support. Have to bounce from here. @irvaniali79,
irvaniali79
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@Helical_Trades, ty dude :)))
Helical_Trades
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@irvaniali79, It's my job mate :D
Pearl-A
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fakeout😫
Pearl-A
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whats wrong with Hbar?
YMGroup
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I like Idea, good
AtlasTrades
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awesome thanks for sharing I agree
Mihai_Iacob
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Great post
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