Hedera Hashgraph (HBAR) has formed bullish BAT pattern and entered in potential reversal zone.
Lets have a look on the move of price action to see how perfect this pattern is driven:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and...
The news of hashgraph cooperating with Google got people excited, albeit for a brief amount of time. We have seen a pretty big jump in price, followed by a 50% correction. Then a double top formed and played out. It's a little early to call it right now, but it didn't take a whole lot of imagination to see the cup and handle pattern formation that is starting to...
HBAR is displaying another rising channel, the first one turned out to be more of a bull flag and reached it's target exactly at $0.048.
We now have another rising channel, but this time more of a Wedge shape, which indicates there maybe a bounce from to the top of the wedge as shown.
Trade with caution, this chart does not show what will happen after the wedge...
HBARUSD / Daily / Technical Chart
Formation: AB=CD Pattern
Risk Management: Fixed Lot Size
Wish you many pips
PS: Thank you very much that you support me with your likes and Comments
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
**For entertainment purposes only**
Steady linear downward trend since launch day ($0.10 to $0.12).
Tightening price range. Bullish pressure release.
Initial target price is $0.10
Strong technology fundamentals. Strong leadership and governance. Hedera has a zero-to-one business model.
Hey TW community. Congrats on first bull movements this year :)
I spotted this sleeping momentum monster and decided to share with you.
To be honest I don't know much about Hedera Hashgraph except for it's being listed on Binance. So please don't judge me if it's a complete shitcoin. I'm seeing it from a trader's perspective :)
Ok let's get down to...
