Hbar
HBAR / USDT - Daily ATH Flipped and now acting as SupportHBAR / USDT or USD's previous all-time high has been breached, re-tested and is now our new support. We're now testing the top of a smaller channel and I believe heading to the top of this potential larger channel. This is the logarithmic line chart. Volume is growing with price, which is a good sign we'll continue to move upwards. As always, keep an eye on Bitcoin and Bitcoin Dominance, as it can destroy even the best of setups with alts.
News:
Hedera Hashgraph launched Hedera Token Service, a non-fungible token service running on Hashgraph, yesterday to become a realistic competitor to Ethereum.
It has also surpassed Ethereum's daily transactions within 9 months of having launched Hedera Consensus Service.
Target:
TP 1 - is around 20-24 cents area, 22-23 cents seems like a solid target.
TP 2 - Not listed on the chart - long-term I'm targeting 30-40 cents.
Others have recently predicted north of a dollar, to as high as 3-5 dollars. I'm not yet convinced it will go that high, but will keep an eye and update if I believe that becomes a possibility.
Last chance to climb aboard... HBAR:BTCMoonshot...
Broke out and retesting the channel. This seems to be a common pattern at the moment, just before they moon. Lets see if this follows the trend.
Like & Sub for more of these... I'll publish my watch-list with similar plays if there's enough interest?
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D.Y.O.R. Not Financial Advice Just an Observation.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
HBAR / BTC & USDT Pairs - Breakout - Target 19-30 centsHedera Hashgraph has broken out following a double bottom on the weekly chart, a breakout and a bull flag.
Today the Hedera Token Service launched, opening competition with Ethereum in the Defi space and competition against all other competitors in the space, including CBDCs, cryptocurrency, DLT, Smart Contracts, etc.
Additionally:
- a rare sneaker service, called INIFITE by SUKU made the switch from ETH to Hedera Token Service for their non-fungible tokens and estimates an 8000% savings in token creation costs
- DLA Piper, an interational law firm is helping enterprises better issue tokenized assets through their platform TOKO, which runs on Hedera Token Service
- Calaxy is preparing to scale its Creator tokens to support millions of users via the Hedera Token Service
Also:
- An early warning air strike system in Syria is running on Hedera
- Tracking of Covid vaccinations in UK is running on Hedera
- Steven Speilberg chose Hedera to store Holocaust survivor testimonies on the "blockchain" (or digital ledger, to be more precise)
HBARBTC going up to 300-500 sats and maybe higherNot Financial Advice. HBARBTC had a lot of hype at the beginning of alt season a couple weeks back. Now retail seems to be distracted by doge and other current shitcoins on the menu. Take this time to cop the cheap bars from retail as they lose focus and take minimal losses =]
HBARUSDTHBAR is still going to be bullish and has no aim to lose its bullish power and wants to hits new ATH it just needs a good correction or sideway area
if it loses the green trend line could make the bullish weaker and maybe go bearish too but till that moment the HBAR is bullish for sure and all the red candles are just a rest for hitting more values
HBAR / USDT - Parallel Channel on Logarithmic Line ChartThis is the USDT or USD logarithmic line chart for HBAR, potentially the overall pattern for HBAR has us in a parallel channel that looks something like this. Our trend with rising volume also supports this sort of growth.
We should see a top target around 22.9 cents on the line chart, with a candle wick may shoot up to as high as 30-40 cents. If we break well above the channel and hold, we could move much higher.
See previous related HBAR ideas linked below. I believe we're following patterns comparable to early LTC and/or early LINK (which we're actually performing better than at the moment).
HBAR / BTC - Due for a move upIf we're going to continue moving up, that should happen any moment now as we're running out of runway for it to occur.
Should that happen, we form a HSi at the end of our bull flad which may look something like this. If so, we should revisit previous highs between 317-350 sats (see candle chart, this is line chart which I feel is better for getting a good handle on the average price over time).
Targets - 317 sats or so, 340-350 sats.
Bullish if -- a break above 350 may shoot us up to 417-497 in the near future, but we may hit 350 and drop a bit before that occurs. Should we continue above 497 as well, I feel we'll revisit our all time high and possibly make a new one.
Bearish if -- really if we move very much lower from where we sit currently, and then stay there for an extended period of time. I'd suspect that we don't want to get and stay below ~217-232 sats if bullish movement is going to continue. A move below 232 is decent cause for consideration of the bearish outcome. Really, it's best if we stay above the upper trendline AND the lower trendline, both of which we are sitting on at the moment.
HBAR / BTC - Bull Flag Breakout & Targets - 30 min chart~362-403 Sats then 486-497 Sats targets - this is the 30 min chart, I expect us to move relatively fast when we do. Break below 250-260 may invalidate, although HBAR is known to have had fake-outs in the past.
That said - we should revisit BTC ath around 865 sats and potentially break that as well.
We've already broken USD ath, and we're beating LINK in performance in HBARs first 17-18 months since Sept 16 launch 2019.
Related ideas below, more available on my profile.
Comparison - 1st Year of HBAR / BTC vs. 1st Year of LINK / BTCShowing similarities between the two assets in their first full year of price development - HBAR / BTC vs LINK / BTC.
The two charts can be lined up to look more similar, this comparison is one to one on timing of price over the first full year:
- LINK / BTC launched September 19th, 2017, and from there showing price development over its first full year 2018-2019
- HBAR / BTC launched September 16th, 2019, and from there showing price development over its first full year 2020-Present Day
Additional comparisons of LINK and HBAR and LTC and HBAR - USD pairs:
2019-2020 LINK / USD - 2nd year bull run vs. HBAR / USD 2020-Present
2016-2017 LTC / USD Bull Run vs. HBAR /USD 2020-Present
(older chart comparison linked below under related ideas)
Symmetrical triangle for $HBARThis triangle has formed over the past 6 days and is coming to the apex of the traingle. Can we confirm a breakout to the upside? If we break out of the upper trend line then I expect another 50-75% leg up over the coming week. This is invalidated if we bleed through the lower trend line.