LONG HBAR/USDTWhat Is Hedera Hashgraph (HBAR) ?
Billed as the "trust layer of the internet," Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps).
It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.
The HBAR token has a dual role within the Hedera public network.
First and foremost, HBAR the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
Hbar
HBAR / USD - Should Make a 5th Breakout Attempt SoonHBAR has tested the top of its resistance area 4 times now, and as we know, the more times we test an area, the more likely we revisit and eventually break through. One thing of note is that our 4th test didn't have as much momentum behind it as did the previous 3. This could be seen as a sign its weakening, but I don't think that is the case here.
Instead, we've dropped down again to really bang on support for our 3rd test of support, one of which wicked down lower than we have before, but hasn't been able to break through.
I think the current situation we're in now will provide the momentum needed for a 5th and final test that leads to our long-awaited break out.
HBAR/USDT Going StrongWith the recent rebound in most cryptos, HBAR has been holding over $.20. I am now looking for a confirmation in uptrend, rather than just trading flat in the near future.
In my opinion, if it can break above the 14 D EMA, it can test the 14 D upper bollinger band limit (2 standard deviations).
I am also closely watching the HBAR/BTC chart, and have converted some of my BTC to HBAR, as I believe it will outperform BTC in the coming months.
What do you think?
HBAR due to exit triangle
HBAR candles are forming a triangle which should lead to a breakout in the next couple of days up or down depending what side of the triangle breaks. Given the current environment, and how narrow this is becoming, I'd look for a confirmation candle before going long.
THETAUSDT is a similar shape but may have more days to run.
HBAR / BTC - Broadening Formation / Reverse Symmetrical TriangleHBAR vs BTC on the 2H chart appears to be in an broadening formation, also known as a reverse symmetrical triangle (this one is not quite symmetrical, but close enough for comparison). Broadening formations typically occur when there is indecision about the direction of price. This makes total sense with the recent correction across the market.
Broadening formations tend to have bearish exits, but not always, and if you look at the structure of HBAR on the daily, I still feel it's bullish and that we are currently in a wave 4 preparing for a 5th wave that should take us much higher.
So, in the short-to-mid-term I'm expecting a test against the top of the triangle here, and - the further this drags out before doing so, the closer we come to approaching a 2nd test of our all-time high vs BTC on the weekly chart around low to mid 860s.
On the other hand, if we head down and test the bottom of the triangle, we'll make a new low on the lower timeframe charts, potentially attracting strong buying pressure that could also take us back to test our all-time high.
HBAR / USDHBAR been through a distribution event by the whales over the last 2 months or so, collecting their $millions. There has been a reclaim of sorts around the current price.
I know Credible Crypto is a big fan of this and rightly so, check his YouTube analysis, it's hard to not get pumped, backed by some of the largest tech firms in the world. I expect $HBAR to do a $ADA on its first speculative run, peak and trough before adoption 2 or 3 years (or longer) down the track... Since we are quite some distance away from this chain being decentralised and useful, I will not holding this bag longer than I need to!
I'm buying around $0.255 where there seems to be demand, expecting a bumpy ride of sorts over the next couple of weeks but the sky is the limit if we can break through that resistance that was previously support.
Dont trade with debt, trade within your means and use a stop loss!
Alfa
HBAR ... Currency at the bottom of the channel
According to the chart .... we see the currency in a channel. The position shown in the chart shows the upward trend of this currency at the bottom of the channel ... In the recent fall of Bitcoin, we see that this currency has been able to hold its own well
And has not fallen as it should as other cryptocurrencies ... According to the news about this currency, the target is 43 cents and then in the medium term one dollar is not far from the mind.
HBAR BUY/LONG 0.28 to potentially 0.515 By Mid July 2021TICKER CODE: HBARUSD
Company Name: Hedera Hashgraph
Industry: Cryptocurrency | Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Flag Pattern (Forming)
2. Fibonacci Retracement reached to 0.786
3. Fibonacci Expansion 1st Partial Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range
Buy Entry: NOW READY (0.28-0.35)
1st Partial Take Profit: 0.515 (End June - Mid July 2021)
2nd Partial Take Profit: 0.705 (August-September 2021)
Stop Loss: 0.15
HBAR/USDT Holding StrongWith today's firesale in most cryptos, HBAR definitely got its own beating. It went as low as 0.16~0.17 versus USDT, which was definitely a good entry point.
However, it was quickly rebought and is now holding my support level strong. This is on a log shart, with exponential bollinger bands.
HBAR / BTC - May test ATH soon @ 864 satsBroke out of bull flag and have formed a symetrical triangle / bull pennant after the 67% rally that occured w/in hours a few days ago.
A bullish break out of the symetrical triangle has a strong target right at 864 sats, our current all-time-high vs BTC, here's what it looks like zoomed in on the 1H chart:
Should we break and stay above that, a conservative target is the yellow dotted line in the mid-900s, but considering the larger structure of HBAR as shown on the daily chart, a more likely target puts us above 1100 sats.
There is potential we repeat a pattern from our previous run up & bull flag break, for that I posted an alternative scenario, linked below. If we drag out and do this instead, mid 900s to 1100 sats become conservative targets and we have the potential to go much higher.
HBAR - LONG ENTRIEStry to accumate in all buying positions
buying 1 - 22% buying
buying 2 - 33% buying
buying 3 - 44% buying
If it doesn't reach at buying position 3 or 2 don't worry, enjoy the profit from 22% or from 33% buying
(If the market comes down more this technique will help to average out and gain profit in every situation)
Remember - NO greed by putting whole fund, enjoy small profits and strategic investing.
HBAR/BTC Looking Really Bullish Super bullish on the HBAR/BTC pair in the coming weeks/months. This may take a while, most likely it will not be a 100% pump type of move. It looks like HBAR is now in an upward trend versus BTC, and I think this outperformance in terms of USD will continue for a while.
HBAR Bullish Cross-over, Support Formed, Ready for Launch...What's up everyone, So Hedera Hashgraph has recently made a bullish signal.
One bullish signal is that we have a bullish cross-over of our EMA's on the 4hr.
Next, HBAR climbed to .40 before falling back down to bounce off it's initial break-out line, forming support.
The SELL BOX's illustrated by the two red boxes on the chart, are only potential places I plan to take profit at this time:
SELL BOX 1: .51-.53
SELL BOX 2: .70-.72
Again, these are only temporary profit taking points right now and are subject to change as we see the market play out a little more...
Note: for best and safest practice, wait for an hour candle close above .34 (Dashed red line), before entry. :)