i004909

i004909

BTC has been very good at following cup and handle formations the last few years. Cup 3 seems obvious... if we see an upward break from the handle it will be practically certain.

i004909

Short term cup and handle plus fib 1.68 clearly indicate a 0.24 target in the near term. Also note a breakout of the massive 6 month consolidation pennant, including a re-test on the "handle". Start of bull run for sure. Hedera hasn't announced any new GCM since Ubisoft in Feb so next joiner announcement imminent. Strong volume testing happening on testnet...

i004909

HBAR is breaking out of a 3rd symmetric triangle at the perfect time to catch the Nov-Dec Bull Run hype cycle. Conservatively reaching 0.75 at current growth rates... but if FOMO kicks in and announcements start coming out (apparently some NDA's are about to expire 25-28 Nov, it's pretty clear some countries are developing local stablecoins on Hedera and it'll be...

i004909

Small cup & handle showing good progress to near term target of 0.4135, larger symmetric triangle breaking out - forecasting a 0.50 price target within 7 days validated by 1.68 fib golden pocket. NFA DYOR TA enthusiast taking a stab at it - nothing more ;)

i004909

If things go to plan, having recovered clearly from a massive head and shoulders pattern...

i004909

1. HBAR is being pushed and pulled by market forces... but continues to snap back to a clear trajectory. 2. Despite delivering industry-shaking news about i) Smart Contracts 2.0 ii) An independent Hedera Foundation funded with $5b (more than current market cap!) to GROW THE ECOSYSTEM hbar price action clearly shows things continue to snap BACK ON...

i004909

Notes on the chart explain my thinking - BTC breakout from a messy W pattern (ignoring the hijinks of 13 Sept) - shows promise. Target 50K

i004909

This W formation on the 4-hour has promise, although over the last 6-8 months W's have not gone as expected for #hbar. See my earlier idea about why the "perfect storm" is brewing for Hedera this week (13 to 19 Sept 2021). Possibility of overshooting this target substantially in next 48 - 60 hours.

i004909 Updated 

Forecasting #hbar price action over the next 7-10 days, which includes a weekend. Hedera's 2 year Open Access anniversary on 16 Sept carries potential for maximum marketing impact, newsworthy announcement(s) would be unsurprising. Recent (last 2-3 weeks) track record has seen (a) a new GC member announcement in LSE and (b) a comprehensive study on DLT energy...

i004909 Updated 

Notwithstanding anything BTC decides to do.. this might have potential for a quick 20-25% long