Hedera Hashgraph may be forming a new parallel uptrend on its way to test and/or break the ATH from 2020. This idea is in line with the Repeating Pattern idea, linked below.
We may follow a path something like what's shown within the inner and outer channels here. MACD for confluence that we might be at or near the bottom of the channel.
A break below the...
...this place I market with the Hbar/BTC value is the place where someone bought it for 10 mln Hbar after announcement about Hbar is being involved in digital fiat currencies.
apparently this place is holding nicely and it is pushing value of Hbar vs BTC is going up in very nice fashion
Quick update, the repeating pattern idea posted a while back continues to be the most accurate of my forecasts for HBAR / BTC. We bounced off of the green support area, as well as the top of the bull flag we broke out of. This was the same behavior we saw prior to our previous big move up.
The longer we drag out here, whether through June, July, or longer,...
Based on my previous ideas I'm patiently wanting for another solid drop of BTC. Hbar price in USD is 16c while I am writing. HBAR/BTC is holding 500 and it can stay like this for some time I assume. I would not be surprised when it would actually go above 600 and further.
I see potential for price to drop below 10c or maybe below 5c, which would be great...
Trading Signal:
A Trading Signal is seen in the HBARBTC Hedera Hashgraph / Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0000055
⭕️SL 0.0000049 or SL on uptrend breakout
🔵TP1 @ 0.00000664
🔵TP2 @ 0.00000767
🔵TP3 @ 0.0000090
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A secondary uptrend is developing. At the moment, after the second pumping, a pullback is in the trend.
Which formed the descending channel. The price dropped almost to the uptrend line.
Potential reversal zone. Enter on a breakout / pullback after the breakout of the downward resistance line of the local channel.
Please note that in a trend, as the price rises,...
…I am aware about my writing skills but I prioritise here information rather than oratory..
... current south movement is nothing else like correlation of the coin with rest of the market. While all the other ones are losing vs BTC for some reason Hbar is defending 500. I'm looking at correlation with ADA NANO and WAVES. All three of them are depreciate vs BTC...
Need to see weekly close above the green box here, better yet the X, for us to remain bullish. We don't want to see it close below the green box or get back inside of our channel from the bull flag we previously broke out of.
Here's what I'm hoping for, regarding the bullish scenario - it looks like we were about to begin wave 5 (not just with HBAR, but with...
Our trend line has acted as a pivot for the last 3 moves, each time we found a bottom, twice, which ended near the trend line, and followed with a significant move up. Assuming this occurs again and we don't break below the trend line, we can expect a move to ~1000 sats, possibly as high as 1125.
Close below the trend line on the daily invalidates the trade. ...
Broke out of triangle after breaking above bull flag. Held up very well during BTC dip. Needs to get above green box, if so, targets are purple lines, and a test of ATH @ 864 in between.
Yesterday posted a bullish chart idea for HBAR / BTC, this morning posting an alternative bearish pattern - the diamond reversal pattern. In this case, HBAR has been stopped out near its ATH and will head downwards, target is length of the center of the diamond (purple line)
HBAR vs BTC on the 2H chart appears to be in an broadening formation, also known as a reverse symmetrical triangle (this one is not quite symmetrical, but close enough for comparison). Broadening formations typically occur when there is indecision about the direction of price. This makes total sense with the recent correction across the market.
Broadening...
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