✴️ Hedera Higher Sets The Stage For Higher High
Hedera hit a low 10-June.
From 10-June through 15-August it grew continually.
After the August peak, a classic correction takes place and ends below 0.786 Fib. retracement, bouncing back above this level within days and now trading above EMA10.
We have the initial breakout followed by a retrace and this opens the door for another jump. Now, this can change if prices move and close below the 11-Sep low.
While we aim higher we keep this in mind, the charts can always change; market conditions are always changing.
The last three days all closed green. This is another bullish signal.
We normally get a small retrace after the third day and then the bullish resumption happens.
If we take into consideration the other Altcoins, what is happening all across, we can see a new higher high after HBARUSDT confirms the most recent higher low.
Namaste.
From 10-June through 15-August it grew continually.
After the August peak, a classic correction takes place and ends below 0.786 Fib. retracement, bouncing back above this level within days and now trading above EMA10.
We have the initial breakout followed by a retrace and this opens the door for another jump. Now, this can change if prices move and close below the 11-Sep low.
While we aim higher we keep this in mind, the charts can always change; market conditions are always changing.
The last three days all closed green. This is another bullish signal.
We normally get a small retrace after the third day and then the bullish resumption happens.
If we take into consideration the other Altcoins, what is happening all across, we can see a new higher high after HBARUSDT confirms the most recent higher low.
Namaste.
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