Quick chart here. Is HBAR / BTC in a parallel uptrend? We still need 3 touches at top and bottom to confirm this. If this is correct, we're at the bottom of the trend now and should see another trip to the top.
Should we do that and stop at the top, expect to see a third trip to the bottom as well. MACD and RSI are also pointing to a reversal here, as...
Around June 19th, we broke out of a daily falling wedge (shown above), and again around end of July we broke out of a weekly falling wedge (not shown). Since then Hedera has started a pattern of consolidation within a very tight range, just above support, and below resistance. Measured wedge targets take us right at previous ATH (candle close), and a more...
HBAR broke out of a falling wedge on its weekly chart a couple of months ago. It has since held above weekly support, and well above the wedge. If there is another dip prior to continuation, I could see it test the top of the wedge, near the bottom of support. However, if we lose support and close below the top of the wedge, this idea becomes invalidated. ...
Alts a very susceptible to heavy devaluation in comparison to BTC when Bitcoin is in the 'Bear Market' phase of its cycle.
Alts historically have not been a safe medium term play during this period until at least BTC has put in its cycle bottom and we are on the other side of the coming BTC halfling.
HBAR I believe will perform strong in the next bull market...
I'm bullish on HBAR long-term, most of my charts for it are also bullish. But, I also like to check myself, and this is an alternate idea where we drop before we pop.
If HBAR fails to get and stay back above 710-740 sats from here, or loses the area around 531-567 sats prior to reaching ATHs again, then I imagine we might drop and make a final test at the bottom...
HBAR / BTC pair is revisiting the area of strong support at the bottom of its right-angled ascending wedge on its weekly chart. We arrived where we are now following a double bottom prior to the initial move up, so keep that in mind when considering targets. Long-term targets from that double-bottom are still in play, the first would be near the top of the wedge...
This chart of
- HBAR/BTC ; 1 day ; heiken ashi candle sticks ; parabolic SAR ; volume
looks great. looks like we a re capitualting at a bottom here. Can see the volume increasing in the past few days also.
Simple break here for HBAR/BTC
Within the next two days we will be through this resistance line. It doesn't have to go far at all for the price to go 10%. And guess what, bitcoin behaving, the price will go 10% as well.
I always like to keep an eye on what the BTC pairings are doing. When you get a break and rally on a BTC pair it is often very well reflected in the respective USDT pair.
Im hoping to get a 10-20% day on HBAR/USDT soon
Quick chart, HBAR has an unconfirmed HSi reversal formation, and it's formed right at support (old resistance).
Get and stay above the daily 50/200 MAs and then 710-740 sats and our first target is higher than our highest daily close and our 1.5x target is higher than our ATH.
Related idea linked below.
It is very near time for HBAR to exit its Right-angled Ascending Wedge (also called: Right-angled Broadening Wedge). I'm expecting a bullish exit, though the opposite is possible. Everything points to the bull case here, we flipped resistance to support, and we've spent the last year above it, recently making higher lows. Now we have a potential inverted HS on...
Weekly charts for both create a nearly identical pattern in a right-angled ascending wedge. Solana happened faster, HBAR is taking it's time.
What do we know about things taking their sweet time to move? The longer it drags on, the bigger the move.
Pattern similarities shared:
- both in right angled ascending wedges
- both made 3 pushes higher
- push 1...
HBAR / BTC weekly chart has formed a right-angled ascending wedge (RAAW) since double-bottoming, rising to new highs, and then creating support over its May-Aug 2020 highs.
Since peaking in Sept 2021, we've formed a corrective channel.
Exiting to the upside or downside of the channel could help indicate whether we maintain that support and see continuation...