Hbar
Hedera Hashgraph (HBAR) USDT BreakoutFalling wedge breakout with a nice bull flag. Expecting $0.17 and $0.19 ish targets. Blue line is the previously broken weekly trend. Closing 4h candle below this line should be considered as stop loss signal. Jumping in after breaking and testing the $0.155 resistance zone may be safer tho. Looking for nice volume bars to confirm.
HBAR / BTC - The Most Bullish & Ugliest Chart in CryptoHBAR double bottomed towards the end of 2020 & beginning of 2021, and then made a fast and strong turn around. Now it has formed a very ugly but confirmed inverted Head and Shoulders pattern and is re-testing the neck line.
Target range is our most tested resistance level 492-517. So long as the entire market doesn't take a massive dump, I'm guessing we go at least this high, and should get back above 400 sats relatively soon, likely around 397-417 and then 437-477 where we'll sit for a while before heading up to test that resistance, with a good chance at breaking through and re-testing or even finding a new all-time high.
We need to break 367 and stay above it for the above to occur. We need to stay above 259 at this point preferably, definitely no lower than 232 for any extended period of time. It would be best if we remain above the neckline of the HSi, but I see that being unlikely in the current market that is trying to shake everyone out on either side.
HBAR / USD - Update - moving closer to 19-22 centsFirst, we broke our previous all-time high, it was tested and became new support. Then we broke our resistance above that, it's been tested and has become support. We've broken out of the green logarithmic channel and re-tested the top of that channel. The purple channel is our next test, which would take us up to 19-22 cents.
With each move up lately, we're also forming little cup and handles. That appears to be happening again now, no drawing needed to see it.
This particular move up came with news that Quantstamp was working with HBAR on an NFT protocol that is very similar to that of Ethereum's most widely adopted, yet at a cost savings of 8000%. Also, two new major companies have recently been added to the governing council, which you can check on their website or twitter page. HBAR has outperformed Ethereum's daily transactions within 9 months of having launched the Hedera Consensus Service, and more recently launched the Hedera Token Service with a goal to tokenize everything using NFTs.
If we break up and out of that channel, significantly higher targets come into play, first 33-40 cents. Though presently, I'm still targeting 19-22 cents.
Related ideas linked below.
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: