Subwave 3 of 5 targets in Purple.
Updated
Hello Traders,
This is a GREAT time to get some
HBAR before a nice move. The way I see it, we're just now hitting the 3rd wave of the final impulse wave. HBAR likes to hit the 2.618 extension on the 3rd waves so it wouldn't surprise me if we hit our upper targets, we'll need to see how the chart plays out but at a minimum I see us hitting the first target before we have subwave 4, then move up for the final 5th wave. The bears could take this down to .087 area but I doubt it at this point.
If you buy in here, I'd put a stop loss at .085 cents for a great risk / reward ratio.
At the end of this impulse, I do expect a nice ABC correction that could take us back down to retest the break-out area near .06 cents however, crypto is crazy and it's also possible thatHBAR begins to get listed on Coinbase / Gemini etc, and we never see these prices again!
Cheers!
This is a GREAT time to get some
HBAR before a nice move. The way I see it, we're just now hitting the 3rd wave of the final impulse wave. HBAR likes to hit the 2.618 extension on the 3rd waves so it wouldn't surprise me if we hit our upper targets, we'll need to see how the chart plays out but at a minimum I see us hitting the first target before we have subwave 4, then move up for the final 5th wave. The bears could take this down to .087 area but I doubt it at this point.If you buy in here, I'd put a stop loss at .085 cents for a great risk / reward ratio.
At the end of this impulse, I do expect a nice ABC correction that could take us back down to retest the break-out area near .06 cents however, crypto is crazy and it's also possible that
HBAR begins to get listed on Coinbase / Gemini etc, and we never see these prices again!Cheers!
Note
It goes without saying but I guess I should add it, this is not financial advice, do your own research and trade at your own risk.Note
The longer we consolidate here, the more bearish I become. Consolidating this long isn't a positive here... Let's see what happens.
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