HBAR breaking above channel/double bottom pattern
It needs to flip the 1 day 200ma(in blue) to solid suppport before it can hit the full breakout target in my opinion. Canary Capital just submitted for an HBAR ETF so that is very likely helping bulllish momentum. *not financial advice*
Note
200ma maintained resistance for now and todays candle has dipped back inside the channel. Pretty common for first breaks above to go back under as I’ve said in countless chart posts before this one so no big surprise. Note
Target hit!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.