We have a daily supply zone created with an engulfing candle on daily timeframe (the rectangle). Buyers tried to pass it two times with no success and the second attempt was a lower high. Considering the retracement ratios, we might see a bullish bat formation which will end up around $0.10-$.095. These levels might be a good buying opportunity with lower cost....
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After the big previous pump HBARUSD has been trading sideways and has now formed a Bullish Pennant Pattern, if price can break through and hold we can start looking for buying Opportunities.
Stay Patient and wait for Confirmation.
. There is a possibility of temporary retracement to suggested support line (0.0775). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. Hedera Hashgraph HBARUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
HBAR is still going to be bullish and has no aim to lose its bullish power and wants to hits new ATH it just needs a good correction or sideway area
if it loses the green trend line could make the bullish weaker and maybe go bearish too but till that moment the HBAR is bullish for sure and all the red candles are just a rest for hitting more values
Yesterday I had mentioned about an inverted cup forming, but the selling move extended and price got demand from an obvious demand zone. However, the demand didn't seem to be enough to move price further that the zone was visited again. This made me think that the inverted cup may be extended and a handle might form until the test of broken rising channel. If this...
After the sudden drop during Asian hours, price recovered fast and made a HH in lower time frames. Now price might retrace back to demand area that was created. $0.1175 would be a good point for longs. If the price continues up and make a new HH in higher time frames, I don't think the retracement will be that deep.
HBAR / USDT or USD's previous all-time high has been breached, re-tested and is now our new support. We're now testing the top of a smaller channel and I believe heading to the top of this potential larger channel. This is the logarithmic line chart. Volume is growing with price, which is a good sign we'll continue to move upwards. As always, keep an eye on...