HBAR / BTC - Repeating Pattern Chart End of August UpdateHBAR is likely repeating the same pattern it did before we made the move above ~460 and tapped 800s.
- Back in May we experienced a diamond reversal after two daily candles closed at our last highest highs @ 776 and 791, both wicking into 800s. That reversal brought us back to our support area (green box) around the red target line.
- Next, after failing to get back above our resistance area (red box), we formed a head and shoulders that should've taken us down to test the top of the green triangle around 368, similar to what our previous repeating pattern did when it wicked down there before heading up to where we are now. So far that head and shoulders has failed. A failed head and shoulders should've taken us back up to 716-728, our March high, but that hasn't occurred yet either.
- Now, it appears we may be forming an inverted HS, which if successful should take us back above resistance and just over 645. This would add confluence to reaching our failed HS target @ 716-728, but could also fail and just as well support the idea of getting back below 400 before heading back up again.
Regardless of what happens in the immediate future, I still expect one of three things to occur after either moving up now or moving down first:
Option 1 - after getting back above resistance (red box & 645) we move above March high (716-728) and May high (776-791) and reach ATH @ 864 or just above it, then re-test either one of those previous highs before heading up to make multiple new ATHs.
Option 2 - we begin to do what looks like Option 1 but stop hard at March high (716-728), and start to make what looks like a giant head and shoulders. That head and shoulders fails and we return to Option 1
Option 3 - Option 2's head and shoulder succeeds and we make a triple bottom on the all-time chart (91-115) dragging this out much longer before seeing our new ATH above 864.
Targets after eventually breaking ATH @ 864:
-- I'm liking a major stop somewhere roughly between ~1330-1470
-- An eventual revisit of ~3570 where we opened on first trading day
-- If we get above 3570, price discovery and it's anyone's guess
Previous related ideas linked below under Links to Related Ideas
Hbar
HBARUSDT Resistance Breakout!!HBARUSDT(1D Chart) Technical analysis
HBAR/USDT(1D Chart) Currently trading at $0.314
Buy level : Above $0.313
Stop loss: Below $0.235
TP1: $0.388
TP2: $0.486
TP3: $0.644
Max Leverage 2x
Always keep Stop loss
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#HBAR to $1.25 | #HederaHashgraph Hello Padawans,
First of all, do not take this as a piece of financial advice.
To me, HBAR is still undervalued. HBAR has its own chain and has a Maximum supply of 50Bn.
BTC.D is getting lower, Alts have started their journey to break all its all-time highs.
So there is a high chance to HBAR to reach $0.45 level soon.
but Bitcoin should stay hustle.
Fib Extensions
261.8% 1.2354
200% 1.05
161.8% 0.9354
138.2% 0.8646
100% 0.75
61.8% 0.6354
50% 0.6
38.2% 0.5646
23.6% 0.5208
HBAR will go to $3 at least, but I'm not sure, it will happen in this cycle.
Let's see what's gonna happen.
cheers.
May the force be with you.
HBAR ride is comming soon :)We break this trendline + range high and fly. First rezistences are monthly level 0.36, daily at 0.41 and after we claim these levels price discovery mode follows us to the moon. 1.618-2.0 box is my first target area. 2.618, 3.618 next. But better hold this project forever :)
Is HBAR/BTC getting ready for a great move up?With positive fundamental news coming to HBAR in the past few weeks and days (LSE as GC member, NFT support on Mainnet, and rumours about a Fortune 10 company...), HBAR could be setting up for a breakout against Bitcoin.
My thoughts is that if we take out the resistance level at .575, we could potentially test All-time-highs in the pair again. I will be watching if HBAR/BTC manages to stay above my 14 Day EMA.
There is also a smaller wedge forming, with the same level of .575 to watch on the upside. As for the downside, pay attention to the .540 level as that could send the pair lower for a while. This is why it is important that HBAR continues to participate in the current bullrun, and does not fall too behind BTC's performance.
HBAR / BTC - Monthly Chart: Two ScenariosMonthly chart here. We formed a very clear double-bottom, or W pattern, on our monthly chart.
After seeing an ATH of 864 sats during the "Google" pump of February 2020, last year - we consolidated and returned to bottom (a slightly lower bottom than the one we saw prior to the pump.
Following our double bottom, we rose sharply, not quite reaching our ATH @ 864, but wicking up close to our previous highest wick, and also holding the candle body area above the top of our "Google" pump monthly candles' bodies. This has us holding strong above the middle of our W or double-bottom pattern since we broke it with our pump in March of 2021, thus far.
Now, I see two possibilities:
1.) continue to hold above the middle of our W, and eventually break our ATH; heading in some direction towards our monthly candle's opening price on the first month of trading.
2.) a break below the middle of our W, heading down towards low 300s, and then turning back up to complete a giant inverted HS and back to option 1 above.
Alternatively, market conditions could lead to a triple bottom, as I've previously suggested, but that is still not in focus as a real possibility yet. Break well below 300 and it becomes possible.
HBAR set to move higher Target: $0.58c$HBAR
Hbar has steadily been increasing in volume as the crypto market rallies back its losses.
If the market remained bullish, we could see HBAR rally to $0.58c in weeks!
MACD is slightly diverging to bullish as RSI still has room to move upward
Support at 8c!
A break out of the triangle will invalidate this move.
HBAR / USD - End of August UpdateAfter breaking out of our falling wedge, we formed a parallel uptrend. Eventually we broke above it, and then below it.
Now we are back inside of it and testing the bottom of the channel, while also testing the top of the green box (support). If we remain above both, we should see a quick trip back into the red box.
If we break back down into the green box and below the channel, we may start moving within a range between the two purple lines here with some breaks above and below, dragging this out further before seeing our move back into or above the red box.
Break above the red box, new ATH begins to look likely, there's also potential for a double top depending on what is happening with the greater BTC market. Always keep an eye on BTC.D and BTC to stay informed.
HBARUSDT Technical Analysis
Welcome back Traders, Investors, and Community!
HBARUSDT on H4 has broken above the resistance and the triangle. The price might go lower to retest the previous resistance but then it is expected to go higher.
⬆️Buy now or Buy at 0.23499
⭕️SL @ 0.22442
✅TP1 @ 0.25550
✅TP2 @ 0.26500
✅TP3 @ 0.27777
✅TP4 @ 0.28500
✅TP5 @ 0.29500
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HBARUSDT🌟this alt is currently in a descending parallel channel in the the higher time frames period BUT it has been reacted to the mid line of the channel and refused to lose more value so there is a high chance to get of this channel and make a new path, with canceling this channel HBAR new goal will be its last ATH and after that new records are going to be hitted
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