isengoz3e43ffc22d9644c3

isengoz3e43ffc22d9644c3

HBAR reached $0.22 during Asian hours and a strong sell came from that point. A new lower low is created. It might be that a quasimodo is forming on the hourly chart. If this happens price might retrace back to $0.18-$0.17 range, maybe a bit lower.

isengoz3e43ffc22d9644c3

There are 2 formations in play both ending at around $0.22 for HBAR. One is falling wedge pattern and the other one is a possible cup & handle. We might see a retracement back to $0.165-0.160, where there is a small demand zone. Then, we may go up 'till $0.22.

isengoz3e43ffc22d9644c3

360 satoshi is a critical level which acted as support in the past and turned to be a resistance recently. HBAR tried to cross it 2 times this year but the price was rejected almost from the same exact point. Now it seems that it's going up for the third time and most probably this time it will break and go above it. The retracement of the second attempt is much...

isengoz3e43ffc22d9644c3

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....

isengoz3e43ffc22d9644c3 Updated 

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...

isengoz3e43ffc22d9644c3 Updated 

Price consolidated during the weekend and a new LL is printed on the hourly timeframe. This looks like a reverse cup which might pull the price down to the lower line of uptrend channel.

isengoz3e43ffc22d9644c3

It appears that a bullish flag has formed on the hourly chart for Hedera. When the falling channel breaks, the price will most probably go to $0.17 in a short time.

isengoz3e43ffc22d9644c3 Updated 

On lower time frames, we start to see LLs and price got rejected from MAs (in the circle). I keep my seller bias until we see HHs above MAs.

isengoz3e43ffc22d9644c3 Updated 

We are in an uptrend channel. After fast rise in price, we might see a retrace back to the lower line of the channel. A bat formation might be forming and we might be going down to ~$0.115.

isengoz3e43ffc22d9644c3 Updated 

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.

isengoz3e43ffc22d9644c3 Updated 

New LLs may continue until 0.115. Downtrend is over if a new HH is created.