Hbar
HBAR has already made its correction in the diary. Let's go up!Technical analysis regarding the price of HEDERA HASHGRAPH in relation of dollar Binance for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
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Feeling pretty bullish about HBARHi guys, been a long time since I posted. I've been away working... on other jobs that required my attention (I'm not a full time trader... unfortunately.)
Looks like an ascending wedge is forming in the 30 minute time frame.
We've been having a crazy run up in altcoins ever since BTC consolidated after the initial ATH between last Dec and Jan. Altcoins have been running up crazy since then. My account quadrupled with Cardano.. And that makes me think that other alts have been left behind.
Cardano performance is a killer.. around 3700% gains since all time low.
HBARs performance not so much... around 500% gains since all time low.
I don't really know about the technology, but both seem impressive to me. But I don't trade based on that, but mostly on price action, sentiment, and my thesis- along with chart formations. The environment is setting up in a way that I see as positive, and we may see a crazy run up before seeing a crazy pull back... like we did before in winter of 17/18. But when that happens, best performing are the ones that have promise but didn't have the massive initial run up.
HBAR / BTC - Is HBAR about to quintuple in BTC value?This is similar to another chart I did in November for LTC / USD, where I asked if LTC would triple in USD value- it did. Let's see if we can make it happen again. Also, HBAR today has moved similar to LTC has in the past, see related chart in Links to Related Ideas below.
Trendlines drawn are based on line chart. Heiken Ashi chart is displayed.
- Long term targets - 773, 1433 sats
(USD value of approx 30-40 cents, approx 60-75 cents depending on BTC movement, which could vary much more - it would be 35 cents and 68 cents if current btc price @ 48k held throughout, unlikely)
- Short term targets, see Highs and Lows between purple rectangles.
LTC triple in value chart:
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?
Never Trust. Verify.
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)