Hbar
HBAR Regression uptrendHey guys, I was taking a look at Hbar at the request of @Inumaki | LPS and curious regarding Enicks 'Longing HBAR' comment.
First off, I'd like to mention that we're in a ROARING bull market so to me it's almost useless to do TA right now. The market as a whole is growing and people are buying for the sake of it, with no intent of using these currencies or even the knowledge of what they do. Not necessarily a bad thing, but by February or maybe March next year, ALL of these coins, including BTC/ETH and all the top dogs will be down roughly 30%, so IF you're planning on investing currently AND ARE NEW TO CRYPTO - DO NOT STAY IN LONG, OR DO NOT INVEST MORE THAN YOU ARE COMFORTABLE LOSING.
The market is good right now, but there are dangers ahead. Money to be made, but be safe.
Now to the post:
Hbar trading in a regression trend channel over a 90 day period - currently at the lowest point of RSI in those 90 days. As you can see marked on the chart that's a buy indicator with a target of 0.49c for the sell (Currently priced at 0.36c), which I'm expecting in EARLY December (A little over a week).
If you want to make a riskier play, follow the chart live (I will post an update each day in this channel, or you can follow the chart at my Tradingview.com/u/RetraVision) and wait for a BREAKOUT of the RSI channel. If we reach our .49c target, put a stop-loss at .44 and we can try an extend our gains to as HBAR will reach for another ATH if we break out of this regression trend (Expected ATH will be 0.65)
DISCLAIMER: I AM NOT INVESTED IN THIS CURRENCY, AS I DO NOT FUNDAMENTALLY VALUE IT ABOVE ITS COMPETITORS. THIS IS A SIMPLE TECHNICAL ANALYSIS TO ADVISE THOSE ALREADY INVESTED AS I DO NOT WANT TO SEE THEM GET BURNT.
Hbar chart is speaking, can you listen?We can see that hbar created two channels, the first one has been created in late july and after that we broke upwards and created a trend line which we generally followed until the first half of November. RSI had also followed this trend.
We are now retesting the late july levels both on rsi and price. I expect hbar to hold (or slightly lose the lower trendline and re-gain it in no time) and start of a new impulse “july” like.
It will be a new page for the crypto market as bitcoin will move higher than the previous ATH surprising everyone and continuing his bull-run until half (or late, who knows) 2022.
Hbar foundation is also starting to create a good and hot ecosystem. We have hashport and maybe a dex coming with it?
It would be spectacular to see hbar tnxs at speed-limit (if theres a limit😉).
Here for you, as always, Crypto Soap!
Follow me on twitter, i post TA of hbar and other gems 💎 !
$HBAR Hedera slowly climbing higher.Hedera is a blockchain-like public network for enterprises to power DApps, build P2P payment, and socialize in a trusted environment.
$HBAR in range for all time high this year.
Take profits on the road. And please let me know your idea about HBAR.
Green line : take profit
Yellow lines : support/ resistance
Red line : Stoploss (lower support)
In the long term buy imo.
DYOR and not FA.
HBAR / BTC Weekly Parallels, Potential Targets, Dec Week 1 or 2Was playing around with a new idea for HBAR / BTC weekly chart here and decided to share:
HBAR has been in two different parallel channels on the weekly:
Red Parallel: started with our first move up, has weakened but still wicked to the top of the channel and hasn't yet broken below.
Purple Parallel: has held above our first move up, and has cleanly reached the top of the channel 3 times now, has yet to reach the bottom here (if it did that this week, it would be around 586 sats).
Assuming we stay at least within the purple channel, or even the red - potential targets for 3 weeks from now are drawn in white:
- Targets touching the red channel bottom, mid-point, and top are based on not dropping below the bottom of our red channel.
- Targets touching the purple channel bottom, mid-point, and top are based on not dropping below the bottom of our purple channel.
Invalidation of Idea:
Dropping and closing a weekly candle below both channels cancels this plan.
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Original / Related Ideas Based on a Long-term Double Bottom Pattern for HBAR are Linked Below
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Will HBAR establish new support?We have been making higher lows since 21 july's reversal, trendline measured from it is a very strong support. It bounced from it really well.
Now the 0.382 fibb extension is becoming the new support, in my opinion it will hold but we should wait for a confirmation. Eth is making new ATH's, DOT aswell and BNB is close to it. It is not a alt season but its a very good time for certain coins. I can easily see HBAR going for the ath again.
A bigger correction would be really healthy but from the technical site i dont think is gonna happen soon, of course its crypto so i would not be surprised ;)
Targets are 0.43 and 0.46 - but there is a possibility we will test the ATH.
Sorry for the chart cluster, didnt have time to have fun and change fibb colors :)
HBAR / BTC - Double Bottom Targets ChartHere's a weekly chart showing potential targets for HBAR / BTC after having double-bottomed.
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IMPORTANT NOTES
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Before we can start using this chart, we first need to get and stay above 847-864 sats (0.236 fib and previous daily ATH before it was breached).
If we don't manage to do that, a triple bottom becomes possible - so keep that in mind.
Also, note that this is an OkEX exchange chart which has a different weekly candle schedule than most exchanges, so it will look different than Binance or Bittrex, for example.
Also, the listing day ATH on Binance was 3573 sats, so if we actually revisit that area, it may go higher than what is seen on here with the high @ 3294. I'm simply using this one because it was a fresh chart with no prior drawings.
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TARGETS
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This chart shows two different potential TP 1 and 2's for our double bottom, indicated by the two different colored sets of two arrows (white - more conservative, yellow - more aggressive).
Conservative TP 1 = 1437 sats and a range around that and the 0.382 fib around 1315. A safe TP 1 might be something in between, like 1367 for example.
Conservative TP 2 = 2130 sats and a range around that and the 0.618 fib around 2070. Instead, we could also use the mid-point of TP 2 as a safer TP 2 which would be around 1786 sats
Aggresive TP 1 = 1637 sats and a range between that, our 0.5 fib of 1692, and our conservative TP 2's midpoint @ 1786. So, 1637-1786.
Aggresive TP 2 = 2438 sats, or a range between that and the 0.786 fib @ 2609.
Finally, if we can get above all of these, it's possible we re-visit or even breach our listing day high @ 3294 (3573 on most exchanges). Get above 3573, we go into a new area of price discovery.
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TRADING RANGES
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I like to pair our pattern targets with fibs for confluence, but also for estimating potential trading ranges.
So, we could also use the purple boxes, as well as the black areas in between them, around our targets and fib levels as potential trading ranges.
HBAR / BTC - Falling Wedge to Daily HSi Success or 4H HSi FailBullish daily line chart above / Potentially bearish 4H line chart below if conditions not met soon:
Bullish:
In the bullish light, we've broken out of our daily falling wedge and moved relatively sideways since. There is now an HSi on the chart that has broken above its neckline, dipped back below unsuccessfully, and is now back above.
That pattern indicates short term bullish targets of 730 sats -> 819.
- Initial target @ 730 sats target lines up closely with our 200 day HMA and our resistance at 736.
- Also, 819 approaches our old ATH area of 864 sats, which would be our target on the 4H chart if it can get and stay above its neckline. If it can't, we may see a bearish move, more below.
Bearish:
However, there's still a bearish scenario that could play out here as well:
Our 4H chart HSi is still below its neckline (see below) and needs to get above ~640 or it could look like a failed HSi.
- A failed HSi might send us down to old support areas and the top of our daily wedge around or just under ~400 sats.
- Our min target in the bearish HSi failure would be @ ~500 or just below.
HBAR: will the second time be the good one?A second attempt to break out from that zone within the white lines (R/S) has been happening for the last 2 days, this time, despite a retracement is possible (probably gonna test a support at 0.4243USDT) the pump seems overall healthier.
HBAR is a very good project and if you noticed he retraced less than others during BTC/market retracements. VLPR show a very high buy volume at the support I've indicated before and volume looks ok. On the daily timeframe BBW shows a good squeezing, meaning a move is about to happen. I'm bullish on this breakout.
If you aren't in you can either wait and buy some at 0.43USDT or just buy in and forget it because this is going to go up.
Good luck
HBAR Triple TriangleHBAR is breaking out of a 3rd symmetric triangle at the perfect time to catch the Nov-Dec Bull Run hype cycle. Conservatively reaching 0.75 at current growth rates... but if FOMO kicks in and announcements start coming out (apparently some NDA's are about to expire 25-28 Nov, it's pretty clear some countries are developing local stablecoins on Hedera and it'll be news soon, CoinBase will eventually have to explain why not... or list HBAR and we know some big Fortune 500 and Fortune 10 companies are interested in the Hashgraph)... things could get "face-meltingly" hot for the greenest, most used crypto currency on the planet. Oh... and the Town Hall meeting just go moved out to 30 Nov... and major announcements are known to happen shortly before them. Probably the very last couple of weeks left to pack your bag. EPIC pump incoming!!!
NFA. DYOR. I'm just an (optimistic) amateur trying his hand at technical analysis for entertainment purposes only.
HBAR going UP!!!As you can see HBAR is on a uptrend with a support and resistance bouncing from it. I am bullish on HBAR.
HBAR - ready to surprise everyoneHBAR is very unique project and I think it isn't get all traction it deserves. Unlike most other cryptocurrency platforms, Hedera Hashgraph isn’t built on top of a conventional blockchain.
Instead, it introduces a completely novel type of distributed ledger technology known as a Hashgraph (improve upon many blockchain-based alternatives in several key areas, including speed, cost, and scalability).
Hedera transactions have an average transaction fee of just $0.0001 USD and typically reach finality in under five seconds!
When it comes to price action, HBAR rallied aprox. 1100% and since then it's in consolidation.
Wright now HBAR is close to final breakout and new ATH soon after.
I'm looking for pullback to 0,4$ - 0,41$, but if it starts pump I will not hesitate to enter the rocket.
Last trendline breakout offer nice retest, ideal for entry.
My targets for first move is aprx. 0,65$ because of multiple indicators match at that price level.
Second target is between 4,236 and 4,618 (Fibonacci) aprox. 1.58$.
And third is around 2.5$ and it is nothing but the price guessing.
Current M. Cap is 6,7 Billion. When everything enter mega bullish mode, 5x from 6,7 for project like this isn't unrealistic at all.
Also it is worth mentioning that HBAR/BTC chart looks great too!
HBAR/USD - Pump to $0.50 in progress!🚀🚀🚀HBAR wanted to escape the ascending triangle in blue, but was pushed back on the first attempt. However, this second try seems successful with a full daily candle closing above the triangle.
This is bullish and today's daily candle shows it. As such, expect to see HBAR rally quite fast to $0.5 which will act as resistance, so profit taking can take place there.
Indicators are bullish and looking good for continuation, while volume is a bit low, but bulls are in control of the price, at least until we hit the resistance.
Bias is bullish.
Like and follow if you liked my idea!
HBAR- clean breakout This one looks good for a new ATH. $1? Me thinks so at least.
Breakout from triangle to the upside. Will probably the 0.40 level if BTC dips but bullish momentum should see this through in the coming quarter (possibly sooner!)
Don’t yell if you leverage! - easy enough to 2-3x this is spot. Drop a like if you agree :)