HBAR-BTC LONG 🚀
Updated
Hedera Hashgraph, what can I say…
This coin has had a lot of hype that is warranted.
Back in February Google Cloud announced it was working with Hedara Hashgraph on Distributed Ledger Technology.
The announcement of that news shot the price up 300%!
Many months and alt cycles later, HBAR has not had the gains many of the other alts had recently, posting just 25% since the lows of May.
In terms of Binance alt coins, HBAR-BTC has not performed as well as the other stars of this cycle.
Moreover, working with companies like Google and IBM is not something a lot of crypto companies can achieve.
On the TA side, HBAR has been in a downtrend since its all time highs, right before the Black Thursday event in March where all markets took a hit.
The downtrend is about to break, and can be a potential entry for a breakout.
If the breakout happens, we have two targets 480 and 530.
If we can clear both resistance levels, a shot up to 800 could be feasible.
If price goes below 400, I would consider cutting loses...
We may be at the end of this alt cycle powered by DeFi hype, but any catalyst can send HBAR up multiple x!
This coin has had a lot of hype that is warranted.
Back in February Google Cloud announced it was working with Hedara Hashgraph on Distributed Ledger Technology.
The announcement of that news shot the price up 300%!
Many months and alt cycles later, HBAR has not had the gains many of the other alts had recently, posting just 25% since the lows of May.
In terms of Binance alt coins, HBAR-BTC has not performed as well as the other stars of this cycle.
Moreover, working with companies like Google and IBM is not something a lot of crypto companies can achieve.
On the TA side, HBAR has been in a downtrend since its all time highs, right before the Black Thursday event in March where all markets took a hit.
The downtrend is about to break, and can be a potential entry for a breakout.
If the breakout happens, we have two targets 480 and 530.
If we can clear both resistance levels, a shot up to 800 could be feasible.
If price goes below 400, I would consider cutting loses...
We may be at the end of this alt cycle powered by DeFi hype, but any catalyst can send HBAR up multiple x!
Trade closed: stop reached
BTC to 11k invalidated this idea.
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