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FieryTrading
Jun 7, 2023 1:58 PM

πŸ”₯ HBAR Falling Wedge Reversal Signal: Patience!Β Long

Hedera Hashgraph / TetherUSBinance

Description

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HBAR has been selling off for months now. In this process, it has formed a falling wedge, which is generally a bullish reversal pattern. The signal will be activated once the price has broken through the top resistance and closed above it. Patience!

A more risky bet would be to make an entry around the current area in anticipation of the break out.

Stop below the recent low, target at 2023 top. Risk-reward of >7 is very respectable for this trade.
Comments
bstew76
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Is this now invalidated ?
WalterMoon
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Very nice work, I also have the same opinion
SwallowPremium
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It’s a fantastic work! We appreciate the effort. Thanks!
VincePrince
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This setup is pointing out the main factors about this pair right now. Really appreciated. Thank you!
KlejdiCuni
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I really like the effort you put into your charts. Thank you!
TheCryptagon
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Good look at the market, I think the price will reach that target sooner or later.
ArmanShabanTrading
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Great analysis!
DeGRAM
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Well done mate
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