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21sma

HBAR Bulls Nowhere in Sight – Where’s the Bottom?HBAR had an incredible bull run from November 2024 to mid-January 2025, rallying for 74 days and gaining +865%, moving from $0.0416 to a high of $0.40139. However, since then, the market has reversed, entering a 73 day downtrend and dropping -58% from its peak. Now, the big question is: where is HBAR heading next? Let’s break down the key resistance and support levels and map out potential high-probability trade setups. Current Market Structure – Bears in Control HBAR is trading at $0.16765, just below a key low at $0.17721, which it must reclaim to show any bullish strength. Several critical resistance levels lie ahead: 🔴 $0.18 - $0.20 Zone: Previously strong support, now acting as resistance 🔴 Weekly Level at $0.18375 – A significant resistance zone 🔴 Monthly Open at $0.21352 – Bulls must reclaim this to regain momentum 🔴 Weekly 21 EMA at $0.20 & 21 SMA at $0.2348 – Price is trading below both, a bearish sign 🔴 200 EMA/SMA Lost – Another bearish indicator 🔴 0.618 Fibonacci Retracement at $0.17904 – This level was lost, further confirming the bearish trend 📉 Conclusion: As long as price remains under $0.18-$0.20, the trend remains bearish, and there is no sign of reversal yet. Where Could HBAR Go Next? Finding the Next Support Levels If HBAR fails to reclaim the key resistance levels, price could continue dropping toward the next major support zone. Here’s where the next support zone is: 🟢 0.786 Fibonacci Retracement at $0.1186 – A key potential target 🟢 Weekly Support at $0.1259 – Close to the 0.786 Fib level, adding confluence 🟢 Monthly Support at $0.1145 – Further strengthening this zone 🟢 Log Scale 0.5 Fib Retracement at $0.12923 – From the full bull run, adding another layer of support 🟢 21 Monthly EMA at $0.132 & 21 Monthly SMA at $0.1079 – These levels align perfectly with the other supports 🟢 Fib Channel Lower Support (April 4th - 9th) – If price drops to $0.12 during this time window, it aligns with the lower channel support line 📉 Conclusion: A strong support zone lies between $0.132 - $0.1079, where buyers could step in for a potential bounce. Potential Trade Setups 📌 Long Setup (High Probability Reversal Zone) Entry: DCA around $0.12 Stop Loss: Below $0.098 Target: $0.166 Potential Gain: +40% R:R Ratio: 2:1 or better 🔹 If price regains $0.18-$0.20, we can look for long opportunities. 📌 Short Setup (For Those Already Shorting from Higher Levels) Take Profit Target: Between $0.14 - $0.12 Stop Loss: Above $0.20 Market Outlook With HBAR currently in a bearish trend, we have clearly defined key support and resistance zones and potential trade setups. The next few weeks will be crucial, as price either reclaims $0.18-$0.20 (bullish case) or drops further toward $0.12 (where a strong bounce could happen). 📢 Patience is key! Let the setup come to you and don’t force trades. Always manage risk properly. What are your thoughts on HBAR’s next move? Leave a comment below! 🚀
Long
by SiDec
6
ATOMUSD: Holding 21-week SMA After Completion of Bullish SharkATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards. The Shark pattern here is admittedly controversial given the fact the C leg is an equal high to the A leg rather than being a higher high, but I think it is something that this pattern could maybe get away with.
COINBASE:ATOMUSDLong
by RizeSenpai
Pitchfork Still Holding, Looking for Support Today at 50 DayI'm liking how this chart is looking for COINBASE:BTCUSD . Before we get into it, the 50 Day, the most important for today, is yellow, the 200 purple, and the 21 blue. Yesterday (8/1) we were watching to see if BTC would hold above the green zone of the pitchfork and confirm this potential new trend, and thus far that is exactly what we are doing. The wicks of the candles have dipped below the green, but the bodies are staying nicely above. In addition, the downward momentum that could have been set into motion on 7/31 seems to be slowing down, faltering at the 50 Day. You can see that this indicator was also where we found some resistance 7/18 - 7/22, and as it goes, previous resistance often becomes new support. These points are certainly boosting my confidence, but let's consider our situation if we don't see a green day here shortly. If we see a dip below the green zone, we are then looking to the 21 Day for support. As COINBASE:BTCUSD is attempting to get a proper rally going, it is quite important that we hold above this level and maintain our momentum. A drop below this indicator would be a rather bearish omen and could have the potential to disrupt the market's newfound confidence, but even if that is where we find ourselves, we still have a couple points to look to before the ship sinks (hopefully without your bags still on it). The blue zone may provide a nice line of defense against the bears, but our pitchfork here is still in its infancy, and repeated failures to find stability around the green could prove to break it. That being said, the third time is often the charm in markets, as may be the case for this very rally. A much more solid line of support after the 21 Day would be the 200 Day, which we managed to pull above with the big jump on 7/17. If our previous two lines are broken, this is where we must stand if we want the bulls to keep running. With all that in mind, I am still rather bullish on COINBASE:BTCUSD , both in the short-term and over the coming months. Always remember, corrections are healthy and necessary to keep feeding the bulls. Without the red days, where we cool off a little and rest, we wouldn't have the energy to keep on rallying. Thanks for reading, stay smart out there everyone --- Dillon Seals
BITFINEX:BTCUSDLong
by dillonrayseals