In the long term, HBAR is very promising and could give investors great gains.
But, from a trading point of view, the daily chart is giving us an overextended RSI with strong bearish divergence, typical of a wave 5.
As a trader, I will wait for pullbacks in order to look for long trades.
Wave 4 bottom (around 0.12) could offer support for further upside, but it still too early to tell.
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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.