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HBAR as a Good Example of Common Patterns & Measured MovesHBAR presents a good example of how simple market pattern trading using measured moves still work quite well.
As these are moves in crypto, the measured targets exceed recommended lengths for a typical pattern trade, yet still line up quite well in continuing to use the same measurements beyond 1x -> 1.5 or 2x.
First, a parallel channel containing a double-bottom, saw a nearly 4x measured move up on the weekly. Its highest wick, breaking 4x.
Then a rising wedge that could also be called a double-top, worked out for a nearly 2.5x measured move down back into weekly support; stopping inches above the stronger area of support near the bottom.
Also, if you look at HBAR's most recent weekly highs, they stopped right around the 1x measured target of the upward move, and is now pushing on the 1.5x measured target of the downward move.
Both measurements are still providing direction on where price might make pit-stops.
HBAR/USDT Short Scalp Analysis#HBAR/USDT Technical Analysis Alert
Current Price: $0.068
Analysis: Bearish
Resistances/Retest: $0.0687
Short Entry: $0.068
Target: $0.062
Stop Loss: Any 1-hour candle close above the red line.
Remember, never open any trade without confirmation, and always use a stop loss to manage your risk.
Disclaimer: This is educational content and not financial advice. Please conduct your own research before investing in any coins.
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Probably probability We know the markets aren’t base solely on probability but it’s good to keep it in mind.
When looking at this graphs we see there is good probability that we will see a bull run to chase after our recent BTC and ETH bull runs. The probability is good seeing as how we see have a decent bottom and the volume is picking up.
Already at a 15% increase not bad for 3 days
Entry around $0.065
Could see some selling around $0.10
But strong movements are to come
Strong resistance at $0.20
Bitcoin went up nearly 75% let’s watch these smaller coins follow its lead
Good luck and have fun with it!
✳️ Everything Grows Phase? Hedera Bullish Breakout (125%+)The same pattern... I mentioned yesterday many Altcoins vs Bitcoin pairs and how they were recovering, looking bullish.
I equated this with a Bitcoin correction.
So far we have no correction but Bitcoin has been going sideways.
When Bitcoin is sideways, the Altcoins grow.
While Bitcoin has not entered a correction these Altcoins vs Bitcoin pairs are ending their correction and now breaking bullish.
In fact, the Altcions vs Tether pairs also ended their correction mid-March and are now resuming growing...
So it seems the everything grows phase is more likely.
Remember we have 3 more weeks of all cosmic bodies (planets) going forward and the last chance for massive growth.
Wave 3 of a major 1-2-3-4-5 bullish impulse (based on Elliot Wave theory).
✔️ 2-4 are corrections (move against the main trend).
✔️ 1-3-5 are forward move, bullish continuation.
This move started in late December 2022 or January 2023... Ok, let's move on.
Here we can see Hedera (HBARBTC) corrected more than 100% of the previous wave and is ready for a new one.
Higher low or higher high is irrelevant by a few points, more relevant is what comes next.
I see growth easy ahead.
Namaste.
HBARUSD has enormous upside potentialHedera (HBARUSD) broke today above its 1D MA50 (blue trend-line) again for the first time in 1 month (March 01). It is still inside the High Volatility Zone that is holding since June 2022. A break above it targets initially the 0.5 Fibonacci level as the February 12 High did and then a Higher High most likely on Resistance 1 (0.11000) or even the 0.618 Fib. Any pull-back after those can be re-bought as the Channel Up that started on the November bottom, ultimately targets the 0.786 Fib at $0.17500.
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HBAR | Getting ready to fly Hbarusdt
Higher Time-frame
Trying to break horizontal resistance.
If the price rejects from here, it will retest the trendline support, with a successful retest expecting a massive bullish move.
If you are trading now then it will be a foolish move, we should have to wait for breakout or retest.
This is just my opinion, God knows better.
Remember: We only give ldea's from our
experience and knowledge, it does not
mean that it will be 100% correct, the
market is always unpredictable, anything
can happen anytime.
Always trade with your own research and
knowledge. If You Are Satisfied With Our
Work Then Join.
HBAR POSSIBLE 4X#HederaHashgraph enthusiasts! My analysis shows that the crypto is currently forming a bullish head and shoulders pattern, indicating a possible surge of more then 378%
With its innovative technology and growing ecosystem #hedera is definitely worth keeping an eye on. Don't miss out on the potential profits! #crypto #inevesting #blockchain
HBAR/USDT ( Congrats 26% down From our Entry )#HBAR/USDT Technical Analysis:-
As per my analysis of the HBAR/USDT chart, HBAR is currently trading at a support level of $0.058. However, it has experienced a significant drop of 26% from our previous level. I hope that you have saved money and earned profits.
Considering the global scenario, it does not seem favorable. Therefore, it is advisable to be prepared with your position and take short positions to secure your profits.
In my analysis, if HBAR manages to hold its current support level of $0.058, we might witness an upward rally. However, there is a possibility of another dump towards the $0.044 level.
If you plan to open a long position, it is recommended to set a stop-loss at $0.054. In the long term, HBAR seems bullish, so you can take advantage of every big dip to grab HBAR.
The support levels for HBAR/USDT are at $0.058 and $0.044, while the resistance levels are at $0.074 and $0.090.
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Thank you.