HBARUSD has a confirmed double-bottom on the daily.Confluence:
- closed above the 50 and 200 day EMA and MA
Targets = 5.8 & 6.1 cents
Not shown on this chart: a move above 6-6.2 cents may confirm a larger move up via a wedge break on the daily bar chart, but may face resistance around 7-8 cents and needs to get above 10-12 cents to move towards weekly resistance which starts around 15-18 cents but should target 29-30.
Trade closed: target reached
All targets reached, refer to the related idea for longer-term moves:
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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.