If the current pattern plays out, HBAR could see 50% gains...HBAR is showing a very interesting pattern on the daily chart, and if it plays out properly, the price could appreciate by 50% in short order. With the right entry, this could become your best leveraged trade of the year.
Good luck, and always use a stop-loss!
Hbar
HBAR looks to be forming a nice Cup & Handle pattern!HBAR has been on an absolute tear as of late, but it appears that the momentum is slowing. If it does, it is likely to pull back deeper into the wedge pattern and is also likely to form a 'handle' pattern to accompany the cup it has now formed. This would be a great opportunity to short as the handle forms and go long once it has bottomed and the price action breaks out, finishing the pattern.
Good luck, and always use a stop loss!
Technical analysis for HBAR (HBAR/USDT) on a 4-hour chart + PRICTechnical Analysis by Blaž Fabjan.
Double Top Formation:
The chart highlights two potential tops, labeled as "TOP 1" and "TOP 2," suggesting a double top pattern. This typically indicates a bearish reversal after the second top, with price potentially dropping before continuing a new upward trend.
The neckline level where the price might break down after forming the second top appears to be in the range of approximately $0.054 or slightly lower.
Price Action and Next Move:
After the second top, the price might experience a pullback to a support level (likely the $0.052 - $0.053 range).
The blue arrow in the chart suggests a bullish continuation after the retracement, with an expected move to the upside targeting a higher resistance level around $0.065.
Momentum Indicators:
VMC Cipher B Divergences:
The divergence indicator signals some mixed momentum. There is both bearish and bullish momentum displayed in the indicator, but the red dots suggest potential downward pressure before any strong bullish continuation.
RSI (Relative Strength Index):
RSI is currently at around 60.37, indicating mild bullish momentum but still below overbought levels (70). If the RSI drops to oversold levels during the retracement, this would present a buying opportunity.
Stochastic RSI:
The Stochastic RSI is showing a recent peak near the overbought zone (72.50), indicating that a retracement might be near as momentum cools down before continuing upward.
Trading Plan:
Short-Term Bearish Scenario:
Enter a short position if the price fails to break above the second top and breaks below the neckline around $0.053-$0.054. Set a target near $0.052, the potential support area. Stop-loss can be set above the recent high at around $0.056.
Bullish Continuation:
Look for a long entry after the expected retracement around the $0.052 area, once bullish momentum starts to pick up again. The ideal entry point would be around $0.0525, confirmed by oversold conditions in RSI or Stochastic RSI.
Target: $0.065, which is the next major resistance level.
Stop-loss: Place stop-loss below $0.050, depending on risk appetite, to limit potential losses.
Indicators to Watch:
Keep a close eye on RSI and Stochastic RSI to confirm when the price is reaching oversold levels.
Watch for any divergence in the momentum indicators that could signal a reversal of the trend earlier than expected.
Risk Management:
Maintain a risk-reward ratio of at least 1:2, aiming for higher rewards on the upside compared to the risk on the downside.
Adjust positions based on support and resistance levels, and be cautious of any news or updates regarding HBAR fundamentals.
This strategy takes into account the possibility of both short-term corrections and longer-term bullish continuation.
HBAR Looks bullishWarning: This is an analysis on a daily time frame. To enter a position, you need to enter a position in a valuable range and have a trading setup.
From where we placed the red arrow on the chart, it seems that the HBAR correction has started.
The correction seems to be a diametric that is over.
By maintaining the green range, it can move towards the targets.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#HBAR/USDT#HBAR
The price is moving in a descending channel on the 1-day frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at 0.04410
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.04972
First target 0.06127
Second target 0.07280
Third target 0.08400
HBAR BREAKOUT APPEARS IMMINENT! A major breakout appears to be imminent for HBAR! If you’ve seen the most recent HBAR chart I posted, you'll notice that HBAR is now at the very bottom of the handle in a 31-month Cup & Handle formation on the weekly and daily charts. Additionally, HBAR has formed and broken out of a very promising inverted head and shoulders pattern on the 1-hour, 2-hour, 3-hour, and 4-hour charts, and is currently retesting the neckline as I write this article. It is also near the bottom of the wedge pattern and very close to the previously established low range on the chart.
I believe we are about to see a significant breakout in the next few days, which could lead to a period of notable price appreciation in the short term. With the Cup & Handle pattern I’ve identified, this trend could continue over the next year as well.
Good luck, and always use a stop loss!
HBAR is forming a MASSIVE 31 MONTH Cup & Handle!For the past 31 months, HBAR has been forming a massive Cup & Handle formation on the daily and weekly charts. The Fibonacci retracement levels indicate that we could see a 6x move in the next 8 to 12 months. There are quite a few cryptocurrencies displaying Cup & Handle patterns on longer-term timeframes, which is a very positive sign that we are about to see a market-wide bull run during that period.
Good luck, and always use a stop loss!
HBAR Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
HBAR has been in a bearish trend for quite some time and is currently holding at the support trendline. The support range between $0.0290 and $0.0375 is crucial for a potential rebound.
Failure to hold this support level could have a further negative impact on the price in the long term.
On the other hand, a rebound from the current price or the support range could lead to a test of the resistance trendline near $0.0767. To reach its all-time high, HBAR would need a 14x-15x gain, which would be a significant challenge.
Key Levels:
- Initial Support: $0.0452.
- Crucial Support/Good Entry: $0.0290.
- Primary Resistance: $0.0767.
- RSI: Close to the oversold zone.
DYOR, NFA.
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Critical Analysis: Is HBAR Set for a Major Breakout or BreakdownHedera Hashgraph (HBAR) has been under heavy selling pressure for some months, as indicated by the continuous drop on the daily chart. Since April 2024, the asset has continually made lower highs and lower lows, which is a classic bearish market pattern. The descending trendline (Red) indicates the current negative trend, which HBAR has struggled to break above. Recent price activity indicates an attempt to challenge this trendline, but the effort was swiftly greeted with resistance, causing the price to drop back to its present level of $0.0494.
In terms of support and resistance, HBAR faces several key levels that traders should keep an eye on. The immediate resistance is found at $0.0519, just above the current price. Should the price manage to overcome this resistance, the next significant hurdle is the resistance zone (Green) at $0.0585 - $0.0604, a level that previously acted as support in early August but now serves as a formidable resistance point. This zone not only aligns with the downward trendline but also represents a point where sellers have repeatedly stepped in to halt upward momentum.
On the downside, HBAR has an immediate support zone (Yellow) at $0.0458 - $0.0443 on the chart. This support is crucial as it represents the last line of defense before the price potentially drops to the $0.0399 area, where historical price action suggests buyers might re-enter the market. However, the overall low trading volume observed recently indicates a lack of strong buying interest, which could mean that sellers remain in control and could push the price lower.
The overall outlook for HBAR remains bearish. The ongoing decline, combined with the failure to break above major resistance levels and a lack of significant buying activity, indicates that more declines are possible. If the price fails to hold the support zone (Yellow), it may fall even further to $0.0399. On the other side, if bulls can push the price above $0.0519, the descending trendline and the resistance zone (Green), it may signify the start of a trend reversal, with the resistance zone (Purple) at $0.0780 -$0.0797 being the next target and if the momentum remains intact then the price could reach to the next levels marked on the chart. Traders should keep an eye on these levels to see what path HBAR may take next.
HBAR Set for a Bullish Breakout: Strong Reversal Signals Bullish Case for Hedera Hashgraph ( CRYPTOCAP:HBAR )
1. Strong Support Zone
The chart shows that CRYPTOCAP:HBAR has bounced off a significant support level around the $0.040-$0.045 range. This area has historically acted as a strong support zone, evident from previous price actions in early 2021 and mid-2023. The recent bounce from this level indicates that buyers are stepping in to defend this support, which could mark the beginning of a new upward trend.
2. Reversal Pattern & Potential Breakout
The recent price action suggests the formation of a double-bottom pattern, a classic bullish reversal signal. Following this pattern, if CRYPTOCAP:HBAR can break above the $0.060-$0.065 resistance level, it could trigger a strong rally toward higher resistance zones at $0.105 and $0.185. This breakout would confirm the bullish reversal, potentially leading to a long-term uptrend.
3. Building a 100-Year Company with Revolutionary Technology
Beyond the technical analysis, the underlying technology of Hedera Hashgraph is what truly sets CRYPTOCAP:HBAR apart in the long run. Hedera is not just another blockchain; it is a next-generation distributed ledger technology (DLT) that offers superior speed, security, and scalability through its unique Hashgraph consensus mechanism. This technology positions Hedera to support the needs of global enterprises for decades to come.
The vision behind Hedera is to create a platform that can sustain businesses and applications for 100 years or more. This long-term perspective aligns with the growing trend of building resilient, sustainable companies that can thrive over a century. As more enterprises recognize the value of Hedera's technology, the adoption rate could skyrocket, driving demand for CRYPTOCAP:HBAR and increasing its value.
4. Favorable Risk-Reward Ratio
With the price currently near a strong support level, the risk-reward ratio appears favorable for long positions. The potential downside is limited to the support zone around $0.040, while the upside potential includes a move toward the next resistance at around $0.105 and possibly beyond, up to $0.185. This presents a significant opportunity for long-term investors who believe in the future of Hedera's technology and vision.
5. Long-Term Uptrend Possibility
If CRYPTOCAP:HBAR can break above the $0.060-$0.065 resistance level, it may re-enter the broader upward channel that began in early 2021. This channel could guide the price back toward the highs of $0.268 and beyond, especially if the market continues to recognize Hedera's potential as a foundational technology for the next century.
6. Moving Averages Confluence
The current price is also interacting with a key moving average (possibly the 50-week MA). A close above this moving average would signal a trend reversal, attracting more buyers and potentially leading to sustained bullish momentum.
7. Historical Price Action & Market Sentiment
Historically, CRYPTOCAP:HBAR has shown strong bullish impulses following periods of consolidation. The last time it bounced off similar support levels, it experienced a significant rally, reaching new highs. Coupled with growing market sentiment favoring distributed ledger technologies, Hedera’s unique offerings could place it at the forefront of the next big wave in the crypto market.
Quick cap:
Technological Advantage: Hedera's hashgraph consensus offers superior speed, security, and fairness over traditional blockchains, positioning it well for enterprise adoption.
Real-World Adoption: Significant partnerships and real-world applications, like tokenizing assets with major firms and integration into payment systems like FedNow, demonstrate practical utility.
Market Sentiment: Recent analyses and X posts highlight growing bullish sentiment, with technical indicators showing strong buy signals and price predictions suggesting potential significant growth.
Fundamental Growth: With a robust development roadmap, increasing active accounts, and strategic token distribution for ecosystem growth, Hedera is set for sustainable expansion.
Regulatory and Compliance: Hedera's structure makes it appealing for businesses navigating regulatory environments, enhancing its adoption potential.
Cheers,
Egide (Simba)
Is HBARUSDT Poised for a Bullish Breakout? Don’t Miss
Yello, Paradisers! Have you been keeping an eye on HBARUSDT? If not, now is the time! This one is setting up for a potentially explosive move, and you don’t want to be left behind.
💎#HBARUSD is currently nestled within a key demand zone around $0.0525, and it’s showing signs of a potential breakout. The price has been hugging a descending resistance, but it’s now edging closer to a critical juncture. If we see a break above this channel resistance, it could trigger significant bullish momentum.
💎However, if the momentum stalls and the price fails to hold this support, we might see a bullish rebound from the lower Bullish OB around $0.0506. Keep in mind, though if the price breaks below this level, it could invalidate the bullish setup and lead to a significant drop.
As always, make sure to implement sound trading strategies and set your stop-losses wisely. Keep a close eye on the market’s next moves, and stay tuned for more insights from us.
MyCryptoParadise
iFeel the success🌴
HBAR (Hedera Hashgraph): Falling WedgeTrade setup : Price remains in a downtrend. It broke below $0.06 support, which held in early July, and made another Lower Low of $0.045 support. It's now trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Previously, price got a boost from news that BlackRock will leverage Hedera Blockchain to tokenize its money market fund.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.045. Nearest Resistance Zone is $0.07, then $0.10.
30% UP or 30% DOWN Incoming!Currently trading at demand. If we get some buying pressure and start breaking previous candle highs, a 30% move to the upside is likely.
If we flip demand into supply, an almost equal move to the downside to the next support will become the most probable outcome.
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This is not financial advice. This is for educational purposes only.
HBAR could have completed long-term ABC correctionBased on the Elliott Wave theory, it seems that HBARUSDT has been undergoing an ABC corrective pattern throughout the past two months. The correction has ended right at the previous supply area, which has transformed into a demand zone.
Therefore, it is reasonable to assume that buyers are starting to be active from the current price and we expect quite a rally from this coin. By the way, out buy signal has triggered, with precise stop loss and exit price.
|| HBARUSD || BREAKOUT PATTERN INCOMING!Current market sentiment has been fairly bullish resulting in a great week for the top 10 crypto assets, however, we are still to see a snowball effect onto assets outside of the T10.
Today I shall be discussing my perspective on the current Hbar market structure and why I feel it will be caught by the snowball to come.
At the time of writing this report, Hedera is sitting at 0.0737, which is also a strong level of resistance depicted by the fib retracement I have placed (38.2%)
Patterns: Let me start off with the defending bullish pennant we are currently in. This pattern although a good confluence alone, has been suppressed by the fib retracement 50% ($0.0720) which has in turn created a double bottom suppression breakout formation.
Both the pennant and double bottom patterns have targets set at 0.080, however, there is a level of resistance as my conservative target at 0.0785-93.
I expect price to break to the baseline of my DB formation at 0.0756 before completing the pennant formation by converting the pattern resistance into support before continuing. this action will add confluence to my projections.
Slightly bearish yet healthy alternative would be if price was to fall below 0.0720 (50% fib) to the golden ratio set at 0.0703-698. This movement would of course void the existing double bottom, however, would add additional confluence in the bullish pennant narrative.
Price range to watch over in the following days are between 0.0756 (resistance + baseline of DB) and 0.0720. A break from either levels will result in a fairly impulsive move to our conservative target (0.0785-93) or to our golden ratio (0.0703-698)
Thank you for your interest in my report. I truly hope you were able to receive some informative insights on the current Hbar market that is able to aid your pre-existing perspective on the Hbar price structure.
THIS IS NOT FINANCIAL ADVICE!
Repeating Pattern Idea for HBAR Daily ChartLooks like we're repeating the same pattern that we did before the last leg up that moved from 4 cents to 10.
May not actually play out exactly the same, so timing a move up to Sept or November isn't necessarily what will occur.
That said, if this idea is correct - we've already gotten the LL and a re-test of the previous HL.
So, when we finally break out and hold above the area of that HL, expect the move up to begin - regardless of whether we re-test the LL a 2nd time, which hasn't yet occurred this time.