HBAR / USD - Double Bottom: Buy HBAR
HBAR shot up earlier this year and has since corrected and looks to be printing a double bottom that bottomed out around 2.7-2.8 cents.
It's currently moving up within a channel and presently sitting at the bottom of that channel.
A break below the channel plus a re-test of the bottom of it that results in a continued move below the channel invalidates this idea.
Short term, I believe we'll soon revisit 5.8-6 cents (see TP 2), with an initial target around 4.4-4.5 cents (see TP 1).
Long term, I see potential for HBAR to pull moves similar to ETH and LTC in 2017. 12 cents is not an unreasonable target, even 30 cents is possible.
The BTC pair shows a different story, so if you are a BTC maximalist, make sure you DYOR vs HBAR/BTC and keep an eye on how BTC moves because it will influence growth of this asset.
It's currently moving up within a channel and presently sitting at the bottom of that channel.
A break below the channel plus a re-test of the bottom of it that results in a continued move below the channel invalidates this idea.
Short term, I believe we'll soon revisit 5.8-6 cents (see TP 2), with an initial target around 4.4-4.5 cents (see TP 1).
Long term, I see potential for HBAR to pull moves similar to ETH and LTC in 2017. 12 cents is not an unreasonable target, even 30 cents is possible.
The BTC pair shows a different story, so if you are a BTC maximalist, make sure you DYOR vs HBAR/BTC and keep an eye on how BTC moves because it will influence growth of this asset.
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