HBAR / USD - The Parabolic RoadHedera Hashgraph has found itself in a logarithmic parallel channel after breaking out of a linear one recently (see previous idea linked below). Short of a market crash occurring (possibility does exist), I expect continuation of our bullish momentum, for quite some time. Above are a several potential paths I think it could take from here, including the bearish scenario that I think is less likely.
Let's see what actually happens, and please share your thoughts and ideas as well.
Thanks for reading and discussing!
Mr. Dudebruh
Hashgraph
HBAR THE ULTIMATE COIN HBAR - Hedera Hashgraph
The ULTIMATE coin.
> Fortune 500 companies in the governing council including IBM, GOOGLE, Boeing, LG to name a few.
> 3 million average transactions per day - 2x more than Ethereum
> Ethereum 100x larger market cap
> 10,000 Transactions per second minimum and forecast to transact 250k +
> Super cheap!
> NOT BLOCK CHAIN!
> 3 -5 second confirmation
THIS IS THE MOST EXCITING PROJECT IN THE CRYPTO SPACE!!!
Hbar Gearing Up For A Big MoveThis project has multiple Fortune 500 companies on it's board and they are likely to announce more council members announced soon. Hedera currently has the most transactions per day out of any crypto with a daily average of 3.5 million transactions. They are currently approaching a milestone of 500 million total network transactions. I believe this DLT is going to be huge this year and now looks to be a good time to get in.
This is my first post on Tradingview so if you could give me a like it would be appreciated.
Remember this is only my formed analysis outlook. Research the project for yourself, as this is not an endorsement or recommendation to buy or sell.
HBAR FIRST WEEKLY CLOSE ABOVE RESISTANCE!I'll cut straight to the point as this is a super exciting development for Hbar. You will notice the debut week in September 2019 it plummeted down to just 3.8 cents. Since then it has tried multiple times to go higher only to find rejection at the $0.054 level. Wicks have gotten above it but no body candle.
Well, for the first time ever the weekly close that just happened minutes ago managed to close ABOVE (purple line) resistance! This is super bullish and I expect fireworks for upwards movement in price the next 2 weeks. The train is ready to leave the station to higher price levels.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Breakout for $HBAR ? This is my first idea ever.. ! HBAR seeing some strong support this morning and breaking a downward trend. The last recent high was around $0.06 and most of the fall to $0.03 was due to a market-wide pull back. I believe we will target back toward $0.06 very quickly, assuming the overall market stays strong.
Short-term bearish. Compression wedge breakout to the downside**Not financial advice** **DYOR** **Seek professional advice before making any investment decision***
Previous compression wedge predicted bullish breakout to the upside. Tightening and breakout did occur, but in the downward direction. There may be further short-term bearishness, testing one, maybe two key support levels as shown. Remain very bullish over the medium term and long term on this understated technology that not many know about. Internally, another announcement could quickly change the market dynamics. Externally, the influence of first gen ledgers like Bitcoin remains, and could quickly change market dynamics.
Potential for macro Cup & Handle pattern to form.** Not financial advice ** **DYOR** The above diagram shows a potential playing out of a Cup & Handle pattern. Entry point only when the pattern is confirmed to have formed. On successful appearance of Cup & Handle pattern; expect grinding out for a while before upwards price discovery well beyond SAFT3.
HBAR / USDT Long Hbar/USDT Esta en un buen rango de acumulación con objetivos alcistas bastante pronunciados.
Si sumamos que la dominancia comienza a flojear y otras altcoins que estaban en figuras similares estan teniendo altos crecimientos, es cuestion de horas que estalle hacia arriba mientras que BTC se comporte.
Analyzing BTC trends using muli-plane grid techniqueTIP: Did you know that you can watch the price, volume and orderbooks (bids and asks) fluctuate on a bag of 10 different stable coins on our stable coin index @ vcdepth.io - This really helps to see when money is flowing in and out of the sidelines.
This chart depicts how I see trends and its applicable to almost any chart. I see an intersecting graph paper like grid with lines on different planes. Most of those lines I just copy and paste and move up or down. Here there are a total of 3 planes that provide the bulk of support and resistance for all the price action in this chart. Arguably there could be additional lighter lines on each plane in between some of the larger gaps. I tried to color each plane differently and emphasize the perceived strength of each line on its plane. Notice when price action occurs at the intersection of multiple planes, support and Resistance are usually stronger with combined support from the multiple trendlines, the more trend lines in support, the stronger the support. Furthermore I add Orange horizontal lines that depict horizontal historic support and resistance. The sharp descending channel we just broke out of appears to be a freefall and is now is trying to snap back to the grid.
From here there are 4 likely paths,
-The continuation of the sharp descending trendline, seemed the least likely, we have halted descent and broke the channel and have at least 3 planes of support with one of the other 3 paths are more probable. That said, we just broke all the supports while I was typing this, in support of this arrow. This path could see a low around $7800 as early as a week from now. This would most likely be a great entry point and the lowest we will see BTC for a long time.
-Continue along the bottom of what may become a large descending channel with an absolute low of $8000 possible mid-March. Right now this is definitely possible but it feels like one of the others may be more likely based on global order book support @ vcdepth.io
-There has been a decent amount of support and resistance sitting almost perfectly $1000 above the long term ascending trendline. This could hold and in fact could be bottom of a long term ascending channel with the top of channel sitting around $10k right now and also in a lighter red. If we are stuck in this channel we end up in the same place as the next option.
-There is a chance we take this little sub ascending channel to $9450 by mid-March where there is a large chance we will confirm this as a descending channel and likely follow it all the way down to the 5 year trend line before making its next big run to hopefully surpassing February highs with a low around $8400 mid-april.
*Note there is a chance if we drop to $8200 that we could form a nasty head and shoulders. Also watch all these lines, whichever direction we go from here, it will likely bounce between a set of these lines which can help identify entry and exit points.
This is not investment advice, do your own research!