Hbar
HBAR FIRST WEEKLY CLOSE ABOVE RESISTANCE!I'll cut straight to the point as this is a super exciting development for Hbar. You will notice the debut week in September 2019 it plummeted down to just 3.8 cents. Since then it has tried multiple times to go higher only to find rejection at the $0.054 level. Wicks have gotten above it but no body candle.
Well, for the first time ever the weekly close that just happened minutes ago managed to close ABOVE (purple line) resistance! This is super bullish and I expect fireworks for upwards movement in price the next 2 weeks. The train is ready to leave the station to higher price levels.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
These lines are still hot !!Since my post "HBAR - a phantastic second chance" 28 dec 2020 we are already up more than 100% !!
Volume has confirmed break out and bull run for HBAR !
On the first page of CoinmarketCap Hedera today has the show !!
We are just at the beginning of a massive bullrun for Hedera !
Considering the MASSIVE partnerships (LG - GOOGLE - BOEING - D-TELEKOM - SWISSCOM - ...) this coin is still massively undervalued !!
Today it touched the white dotted resistance line ! This line is still hot. Maybe you will get another good entry point in the following hours / days !
HBAR/USDT - Little spike in last 24hrs- Is it time?HBAR- One to keep an eye on in the coming days.
If Hedera can hold support on previous resistance I believe we can ride it for excellent gains. (About 2 hrs until candle close- it's going to be tight!)
Solid project that has drifted into the background over the last few months but if a few things fall in it's favour in 2021 it will be one of those projects that you wish you were on early.
As the the long winded retrace meets lower support we could potentially see a huge bounce as it will bring buyers to the table.
I think the pump over the last 24 hrs or so has been induced by the news from the OCC which while in it's infancy could push drastic changes to certain projects.
MACD on both the daily and weekly looks primed. -The little spike yesterday does corrupt the data a bit as it was no doubt based on the OCC news so a few options moving forward-
Either we hold above resistance and kick forward immediately or get rejected and create another buy option before heading further North.
Personally bullish.
As always not financial advice - DYOR,
Just my thoughts and TA.
Feedback welcomed, I'd love to get some different perspectives.
Bingaz.
Hedera Hashgraph (HBAR) Bullish Breakout | Chart UpdateHBARBTC (Hedera Hashgraph) is going through a very strong bullish breakout today, really high volume.
We can see a bullish cross on the MACD.
The RSI moving above 50.
HBARBTC trading above EMA10 and EMA21, also challenged EMA50 earlier today.
These are very strong signals and call tell us about upcoming bullish action.
HBAR can easily move higher.
Thanks a lot for your support.
Namaste.
Chart Comparison: 2017 Litecoin Bull Run vs. HBAR TodayPatterns occur and re-occur both in nature and in the market. USD pairings are being shown above. This is an update to an older idea.
HBAR is and has been following LTC's bull run pattern from 2017-2018 almost identically, it's remarkable how similar the two look.
- HBAR on the top - a zoomed in Daily all-time chart ending in present day
- Litecoin on the bottom - showing a zoomed in daily chart ending in the period around Dec 2017-Jan 2018 around the start of it's massive rise.
Related older comparison predicting similarities linked below.
HBAR / USD - Weekly Resistance Break - Off to the Races?We are moments away from breaking weekly resistance on the candle chart, the line chart has already done so. HBAR is about to be off to the races, with a long needed increase in volume to support this move (btc pair chart shows volume has increased signifanctly after a long dry spell following the original Google pump during Jan - Feb 2020).
Flag consolidation in HBARBTCHBARBTC seems to be consolidating in a flag. Entire price swings are enveloped within the two yellow dotted lines.
The candle close is enveloped within the green dotted lines.
Previous attempts to break previous resistance were rejected.
Seems to me that it's gearing up for another attempt. Is HBAR really ready to move once again?
Imminent Break-OutHBAR has consolidated around the .05 mark for a few days now and is likely to see a nice push up here. Once we clear the orange triangle, I expect to see a pull back to confirm support and then a rather strong move up to .025 area. HBAR is becoming less and less affected by the BTC market so I expect support (around the .05 area) to hold even if BTC dumps to 29k area. As discussed in my previous post, I believe HBAR will be an eventual top 10 coin, that said long term entries here are great as we likely won't see these prices EVER again. Pop some popcorn and enjoy the fireworks, things are about to get interesting!
This is not financial advice, please do your own research.
HBAR / USD - Cup and Handle FormingHBAR has been in a long consolidation after the so-called Google pump. It has actually held up quite well over time.
As we know, the longer these consolidation periods get drawn out, the more this increases the potential for larger moves. I believe we are forming a cup and handle, and have laid out conservative targets for the near term, but believe it could go significantly higher over time.
A break below 2.7 cents may invalidate this, but HBAR also has done quite a few fake-outs in the past. I've been wrong in charting HBAR quite a few times in the past, but long-term this is one of the few "cryptocurrencies" (DLT is the proper term here) that I believe has real potential in the future to pull a move like litecoin, ethereum, and xrp did in 2017. It has one of the best foundations in the space, with major corporations involved and a brilliant programmer behind its architecture. Look up founder Leemon Baird's talk at Harvard about the technology on Youtube:
www.youtube.com - here's a link to it
Two weeks ago, Hedera Hashgraph was used in a real world scenario to anchor an airstrike early-warning system for Syria. This was done through Hala Systems, a top disaster prevention platform which adopted the technology for use. This is a real world use in a system that needs to be insanely fast and incredibly secure, and they chose HBAR to run it on. Additionally, 5 days ago DLA Piper launched a new security tokenization platform utilizing Hedera. I believe it will be used for much more in the future. It has the potential for use in securing and modernizing elections, and it may remove much of the need for servers by turning every home computer into a cloud which sends data via secure HBAR "packets", and could therefore change the way we use the internet.
How I see $HBAR playing out over the next 72hrs. Corrective zig-zag wave about to be commence after todays surge - then we will embark on the next impulse wave up to just above 0.08c by mid next-week. This could take a bit longer than I expect and into next weekend however and I doubt will be entirely accurate but it'll follow a fairly similar pattern to this I assume.
This is INVALIDATED if $BTC dumps and takes the market with it. Right now- we look good to go!