HBAR/USDT CUP & HANDLE TARGET
Updated
After a 2-year accumulation phase, Hbar broke out of its major resistance level, and I believe this is the start of wave 1 of 5. The chart shows linear and logarithmic one-to-one price extensions of cup & handle patterns.
There was a massive volume spike across multiple exchanges including Binance. I have set the target area where the price level converges with fib retracement targets. However, I believe Hbar will ultimately break out of this entire structure and continue to rise in price.
I expect a minimum market cap of
70B to 100B for Hbar, as it is an outstanding project with advanced technology and significant public adoption.
Please note that this is not financial advice, only my personal opinion. Good luck with your investments.
There was a massive volume spike across multiple exchanges including Binance. I have set the target area where the price level converges with fib retracement targets. However, I believe Hbar will ultimately break out of this entire structure and continue to rise in price.
I expect a minimum market cap of
70B to 100B for Hbar, as it is an outstanding project with advanced technology and significant public adoption.Please note that this is not financial advice, only my personal opinion. Good luck with your investments.
Trade closed manually
I'm out of this project.This project intentionally confused investors with an announcement implying collaboration with BlackRock, causing significant losses to many investors, and those involved cannot escape responsibility. Regardless of the actual circumstances, this remains an unalterable fact and has led me to lose my fundamental belief in this project.
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