HBAR is breaking out of the daily bar chart's falling wedge after having already broken out of a weekly line chart's falling wedge, both here on the weekly candle chart.
Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see a weekly close above).
See my related idea here, where I think we need to get and hold above 10-12 cents prior to going for weekly resistance:
Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see a weekly close above).
See my related idea here, where I think we need to get and hold above 10-12 cents prior to going for weekly resistance:
Trade active
Weekly breakout remained intact at weekly close, today we saw a re-test - have marked some areas on the chart for re-tests based on keeping or losing the breakout, which largely depends on bitcoin here at its make or break of 36.5k:Note
Think it's getting close to the start of the move up I've been expecting, 4 weeks held above the wedge, bitcoin breaching 40k, good stuff - bitty still needs to hold up for it to occur:Trade active
Update on chart, reached 8.5 cents today:Trade active
Continuing up into this last resistance area. 9.15ish is an important area for the daily to break and hold above, 10 cents as a psychological barrier. Get and hold above both to begin the move to weekly resistance, or get rejected and try again:Trade active
Trade active
Update - have made it about halfway towards both TP 1s
Related publications
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.
Related publications
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.