Get started

Hbar

Expanded Flat Correction Soon or Longer Accum Phase FirstThere have been two bull runs so far for HBAR, each forming higher levels of support above its previous lows. It appears to be consolidating above the area of the first run; similar to how it consolidated above its original lows before the 2nd run. Trend-based fib extension also has the chart consolidating above the 1.618 fib of what could be an expanded flat correction, which I've posted about previously (linked below under related ideas). This chart shows two theories about that: 1.) a bull run soon from a typical expanded flat correction - everything appears lined up for that, and it has broken its 3-day downtrend, but is still missing the volume spike needed for that run 2.) without that volume spike soon, there may be a 3rd and longer accumulation phase that drags out to some date prior to the 2024 btc halving Note that the last two runs also had long and longer accum phases as well. Either is possible, and there still hasn't been a strong test of support since initially getting here, which could also be a possible trigger for the spike that is needed.
BINANCE:HBARUSDLong
by dudebruhwhoa
5
HBAR Nearing Completion of Expanded Flat CorrectionThis is the weekly chart. A while back I published an idea that HBAR could be completing and expanded flat correction. This is an update on that, using the weekly chart - which makes things more clear. Here's why: 1.) Trend-based fib - has us ending correction right at the 1.618 fib, which is exactly what should be expected in an expanded flat 2.) EW wave count appears valid here 3.) Weekly support - we've so far held weekly support (lose this and this idea may be invalidated, however) 4.) 192-day Gann Cycles (for major pivots) - HBAR is 6 weeks away from starting its next 192-day Gann Cycle, which has so far worked quite well in its history for detecting major pivots (up or down) 5.) Falling wedge pattern on weekly - weekly chart shows a falling wedge pattern, where we've broken out of it and are currently re-testing near the top of the trend (and weekly support) Falling wedge zoom-in, weekly line chart: Again, we need to hold the weekly support area and remain above the falling wedge for this to stay valid. But, if this does turn out to be an expanded flat, we should start seeing some rather bullish movement in the coming weeks/months, which could even lead to a new ATH. Also - be sure to keep an eye on Bitcoin Dominance when considering the alt market. It is nearing a major decision which will likely determine how alts behave, and that is likely to happen any day now. See related ideas below.
BINANCE:HBARUSDLong
by dudebruhwhoa
5
🎯 HBAR hit targets. What's next?Hello, dear TradingView members. This is an HBAR idea. We opened our positions on HBAR around the $0.055 area, which was a solid support level and a great buy/long opportunity. So far, we have made about 10% (100% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO. As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement. There is a support level on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see. RSI is overbought, and the price has more room to go down. Now let's see your ideas. Let's have a discussion. Let me know if you guys have any questions; I will be more than happy to help.
by ShawnMCR
7
HBAR / BTC in a Parallel Uptrend?Quick chart here. Is HBAR / BTC in a parallel uptrend? We still need 3 touches at top and bottom to confirm this. If this is correct, we're at the bottom of the trend now and should see another trip to the top. Should we do that and stop at the top, expect to see a third trip to the bottom as well. MACD and RSI are also pointing to a reversal here, as confluence. An alternative possibility, if we hold channel bottom and then break channel top, this could turn into a giant inverted head/shoulders and become much more bullish sooner.
Long
by dudebruhwhoa
1
Signs of an Impending Move for Hedera vs. BitcoinAround June 19th, we broke out of a daily falling wedge (shown above), and again around end of July we broke out of a weekly falling wedge (not shown). Since then Hedera has started a pattern of consolidation within a very tight range, just above support, and below resistance. Measured wedge targets take us right at previous ATH (candle close), and a more liberal 2X target takes us above our all-time highest wick. Each of these provide confluence that Hedera is gearing up for a move. So, look for us to break out of the small range that we've been in for the last several weeks. And, even if that becomes a break below the consolidation range before it breaks above, it could still act as a fulcrum for pivoting to a significant move up. What we don't want to see is a loss of support (green box) that holds.
Long
by dudebruhwhoa
1