HBAR made two major wedge patterns that hit pattern targets with incredible accuracy.
First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x.
Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited.
Let's see if it makes a 3rd...
HBAR is slowly building up strengthening RSI above 50 and Impulse MACD line just about to cross the Signal line usually this means bullish and rising but it's slow moving today with Bitcoin undecided so whatever happens want come quickly :) but at least it's shaping up nicely.
HBAR could move into weekly resistance if it continues to hold the top of weekly support, if it crosses and remains above the yellow neckline shown on the chart above.
If it doesn't just move up from here, it may move back down towards its previous low at the brighter green / stronger area of weekly support. If it does that first instead, I would expect a...
CRYPTOCAP:HBAR looks poised for a move higher form here.
Once it breaks $.08, next targets are $.15, $.21, $.30. I do think it can potentially reach the $.21 and $.30 this cycle.
I'd expect the move to play out by July.
Big fan of the HBAR... Feeling there's going to be a pull back taking out March lows providing another amazing buy opportunity!! There's loads happening in the Hedera ecosystem many new projects are coming on board making most of its benefits to developers... www.degenparadise.com - Get your Degen Coins for a share of revenue from its amazing games!! zuse.market ...
Hedera vs. Eth could see a double-bottom reversal here, which has a 2x target that lines up exactly with our last major weekly highs.
Should it actually reach there and get and hold above those highs, a much larger move could come into view.
Well, it would def be nice! Big, if true! :)
I actually posted something like this before, but the HSi's right shoulder is now parallel with the left one - that is, if... it stops here instead of making a double bottom or a 3rd bottom that is yet again lower.
Silly ideas sometimes work out, let's see.
HBAR should be making a decision here soon. To reach targets it needs to cross the neckline above and hold above it (approx 9-10 cents). If successful, the next move should target somewhere in the middle of weekly resistance.
Alternative decisions:
- a move back down to weekly support or even back down to the stronger section of that around 3.7 - 4 cents
-...
Hedera Hashgraph has been growing long-term vs Bitcoin, we say this based on the fact that a low was hit December 2020 and higher lows have been printed since.
Prices peaked September 2021 and this marked the beginning of a long downtrend.
A higher low comes in May 2022 followed by another one December 2022... Now, in 2023 HBARBTC breaks the downtrend that...
Hedera's price is now in an interesting liquidity zone.
Previously, the HBARUSDT trading chart showed the following: whoever controls the liquidity zone of 0.055-0.065$ organizes a powerful impulse in the direction they are interested in.
Since it now looks like buyers are trying to keep the price at the liquidity zone retest and not let it go lower, it means...
Super simple chart here - Need to cross the neckline and hold above it to confirm, if confirmed, a move up and into the center of resistance is possible
Hedera (HBARUSD) broke today above its 1D MA50 (blue trend-line) again for the first time in 1 month (March 01). It is still inside the High Volatility Zone that is holding since June 2022. A break above it targets initially the 0.5 Fibonacci level as the February 12 High did and then a Higher High most likely on Resistance 1 (0.11000) or even the 0.618 Fib. Any...
Hedera Hashgraph (HBAR) technical analysis:
Trade setup : Price was rejected at $0.10 and broke out of Descending Triangle (bearish) below $0.08 support. Pullback to $0.06 support and 200-day moving average and could serve as an attractive swing entry area.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
...
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Hedera Hashgraph (HBARUSD) is forming today a Golden Cross on the 1D time-frame while being on a pull-back after hitting the 1W MA50 (red trend-line) yesterday for the first time since January 21 2022.
Having invalidated the RSI's Bearish Divergence, we expect this pull-back to be a buy opportunity as long as it closes above the 1D MA50 (blue trend-line). Our...
Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).
