Hbar
30% UP or 30% DOWN Incoming!Currently trading at demand. If we get some buying pressure and start breaking previous candle highs, a 30% move to the upside is likely.
If we flip demand into supply, an almost equal move to the downside to the next support will become the most probable outcome.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
HBAR could have completed long-term ABC correctionBased on the Elliott Wave theory, it seems that HBARUSDT has been undergoing an ABC corrective pattern throughout the past two months. The correction has ended right at the previous supply area, which has transformed into a demand zone.
Therefore, it is reasonable to assume that buyers are starting to be active from the current price and we expect quite a rally from this coin. By the way, out buy signal has triggered, with precise stop loss and exit price.
|| HBARUSD || BREAKOUT PATTERN INCOMING!Current market sentiment has been fairly bullish resulting in a great week for the top 10 crypto assets, however, we are still to see a snowball effect onto assets outside of the T10.
Today I shall be discussing my perspective on the current Hbar market structure and why I feel it will be caught by the snowball to come.
At the time of writing this report, Hedera is sitting at 0.0737, which is also a strong level of resistance depicted by the fib retracement I have placed (38.2%)
Patterns: Let me start off with the defending bullish pennant we are currently in. This pattern although a good confluence alone, has been suppressed by the fib retracement 50% ($0.0720) which has in turn created a double bottom suppression breakout formation.
Both the pennant and double bottom patterns have targets set at 0.080, however, there is a level of resistance as my conservative target at 0.0785-93.
I expect price to break to the baseline of my DB formation at 0.0756 before completing the pennant formation by converting the pattern resistance into support before continuing. this action will add confluence to my projections.
Slightly bearish yet healthy alternative would be if price was to fall below 0.0720 (50% fib) to the golden ratio set at 0.0703-698. This movement would of course void the existing double bottom, however, would add additional confluence in the bullish pennant narrative.
Price range to watch over in the following days are between 0.0756 (resistance + baseline of DB) and 0.0720. A break from either levels will result in a fairly impulsive move to our conservative target (0.0785-93) or to our golden ratio (0.0703-698)
Thank you for your interest in my report. I truly hope you were able to receive some informative insights on the current Hbar market that is able to aid your pre-existing perspective on the Hbar price structure.
THIS IS NOT FINANCIAL ADVICE!
Repeating Pattern Idea for HBAR Daily ChartLooks like we're repeating the same pattern that we did before the last leg up that moved from 4 cents to 10.
May not actually play out exactly the same, so timing a move up to Sept or November isn't necessarily what will occur.
That said, if this idea is correct - we've already gotten the LL and a re-test of the previous HL.
So, when we finally break out and hold above the area of that HL, expect the move up to begin - regardless of whether we re-test the LL a 2nd time, which hasn't yet occurred this time.
HBAR: Approaching SupportTrade setup : Price broke below $0.10 support and 200-day moving average, which signaled resumption of downtrend. Price got oversold (RSI < 30) as it reached $0.07 support and bounced up. However, it needs to break back above 200-day MA to signal resumption of Uptrend. Previously, price got a boost from news that BlackRock will leverage Hedera Blockchain to tokenize its money market fund.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.07. Nearest Resistance Zone is $0.124, then $0.14.
DUMP These LOSER ALTCOINS (•_•)This post is not aimed at meme coins but instead at projects that were once titans in the crypto space, or coins that just didn't live up to their fundamental promise.
I'm not saying you can't win with these coins, you can obviously win with any coin if you swing trade when there's volume. This post is more aimed at bag holding - and the future prospects of your investment.
1) HBAR
Unfortunately, HBAR had a great idea but didn't succeed in securing market dominance. The other factor to consider here is that HBAR was never created to be a speculative coin, but instead to be used on the native blockchain in software solutions. Similar to XRP, this makes me wonder if the team just used the asset for liquidity to finance business projects.
2) XRP
Ahh, Cripple. Love to hate it. This one needs no introduction. Foul play and forever unable to reclaim it's status as a trust-worthy asset.
3) LTC
I've been bullish on Litecoin for a long time... perhaps too long. Made some profits on it, but I'm afraid the higher TP points aren't looking reachable any time soon.
Similar to CRV, it's healthy to know when to jump a sinking ship. Both have evolved way past their original form and there is just no use case that could justify new ATH prices.
4) ADA
I've said it before, and I'll say it again - I don't have faith in altcoins (NOT TALKING ABOUT MEME COINS) that lose more than 85% of their ATH. I'm more specifically referring to the titans/giants. Rugs these days could do -99% in a day - that's not what I'm looking at here. These were projects that boasted loud about their fundamental usecase and set ridiculous targets for itself. (Remember how Chris Larsen said XRP CAN'T be under $1?) Welp, he's not the only one that oversold his coin and took the market for a fool.
5) ALGO
I'm divided on this one. Perhaps if you give it your best shot, you may still change my mind. But the chart looks terrible - nowhere near previous ATH and shows no sign of getting there any time soon, either.
You can really see how these coins got left behind if you compare them with Bitcoin. Overlay any of these with the BTC chart, and you get something similar to this:
Again, you could swing trade these - but bag holding and hoping for better days are counterintuitive to the fast-moving pace of cryptotrading.
Make sure you follow to receive the latest updates!
______________________________
BINANCE:HBARUSDT BINANCE:XRPUSDT COINBASE:LTCUSD BINANCE:ADAUSDT COINBASE:ALGOUSD
HBAR/USDT Will It Bounce at the Crucial $0.0985 Demand Area?💎 HBAR is showing some notable activity, with a potential retest on the horizon at the demand area around $0.0985.
💎 The key question is whether it will bounce up from this level or break through it. Historically, HBAR has often bounced back upon reaching this area, suggesting it might repeat this pattern.
💎 For HBAR to continue its upward journey, it must overcome the resistance at $0.124. Failure to breach this resistance could send the price back down as it gathers momentum for another try.
💎 On the downside, if the demand area fails to support HBAR and it breaks through, we could see it move towards the Bullish Order Block (OB) area to gather significant momentum, similar to previous patterns. HBAR must maintain above the OB area, which is pivotal for its trajectory.
💎 The bullish scenario becomes invalid if HBAR closes a daily candle below the OB area at $0.0878. Such a move could signal further dips in the price.
MyCryptoParadise
iFeel the success🌴
$HBAR BULLISH ADAM & EVE PATTERNCRYPTOCAP:HBAR on TF1W looks bullish, currently we are retest EMA21 support and previously prices get boost to 100%++ after retest EMA21 support. besides that currently CRYPTOCAP:HBAR showing bullish ADAM & EVE chart pattern, hopefully this chart pattern will valid and price boost UP in couple weeks. #DYOR
HBAR ( Hedera ) tm :1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include :
👎 DOT
👎 XRP
👎 ADA
👎 UNI
👎 HBAR
👎 CRV
👎 ALGO
Overlay any of these with the BTC chart, and you get something similar to this.
Now compare it to the PREVIOUS BTC all time high.
I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy.
It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples.
Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move.
_______________________
BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
HBAR 30c incomingAfter the blackrock breakout and the ETH maxi FUD bringing us back to earth, she looks fully reset and ready to run.
Only a matter of time till the trade is complete to 28/30c, and as these are high retracements on the market cap chart, I am dipping.
One of the best assets in the space, the tech is unrivalled. Maybe not the biggest gains, but definitely one of the safest. Send it
HBAR Trading ScenarioWe're looking at how the price of HBAR has been moving recently.
After dropping to a low of $0.0666, it bounced back up to $0.1818. The growth was more than 170%. Then, the price dropped back down to $0.0903. Right now, the asset price is trying to strengthen.
As for now, the market is showing that sellers are in control, so we can probably expect the HBAR price to keep dropping. If you're looking to get in on this, you might want to consider buying when the price touches the 200-day moving average or when the volume level POC declines.
Take CAUTION with these ALTS : ALGO, LTC, XRP, HBARIt's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength.
Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today:
What we're comparing this chart to, is the obvious increase we have seen on BTC (new ATH) and the following increases across other altcoin markets:
During the previous cycles; we often saw the altcoin market rally a week or two AFTER a new BTC peak.
From this, we can determine that most of the bigger altcoins (by market cap) should have rallied by now. In conclusion; we need to re-evaluate the fundamental arguments for these alts - why were they not able to show signs of strength like other alts? Why were the sellers so overwhelming compared to other alts?
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BINANCE:ALGOUSDT COINBASE:BTCUSD BINANCE:XRPUSDT BINANCE:LTCUSD.P BINANCE:UNIUSDT BYBIT:HBARUSDT
HBAR/USDT The main trend (the whole trading history). Pivot zoneLogarithm. The time frame is 1 week. An idea for understanding the underlying trend and cycles.
The coin is the 30th most capitalized coin according to coinmarketcap as of September 9 (9 11), 2023.
The large time interval and long history of the chart shows not only the cyclicality of the past, but also the more likely future. This idea makes it clear how important for the market (not only for this cryptocurrency) this time zone is, which will determine the further development of the long-term trend.
Many for some reason consider a separate altcoin separately from the whole market and are sure that its trend should be different from the general direction of the market (stock, bitcoin), this is an extremely wrong approach.
It is worth noting that quite a few large wallets of this cryptocurrency have been created over the past few months. Whether people accumulating this asset will be right or wrong, only time will tell. Everything will be decided in the coming months.
Line chart.
HBAR - Ready For Another Impulse?Hello TradingView Family / Fellow Traders,
🚀After a massive 108% surge, HBAR rejected the $0.15 - $0.17 resistance zone and is currently in a correction phase.
HBAR is now approaching a strong demand zone marked in blue, so we expect the bulls to kick in soon, as long as the demand holds.
📈 For the bulls to take over again, we need a momentum candle close below above the last major high highlighted in red.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
HBAR testing previously resistance turned support - LONGIn a bull market, we can have x150 but ONLY IF you can survive 30%, 50%, even 75% drops
If not convinced, just check out the huge pull backs during DOGE's last bull market.
Now, it means that IF you survive, you WILL make money.
Don't use too much leverage & Don't FOMO. Simple & Easy
HBAR / weekly
It is HEALTHY that we are re-testing the green zone which was red (resistance) for 2 years.
And it is still more than +200% up since the lows in late 2022.
Relax & BTFD
HBAR/USDT CUP & HANDLE TARGETAfter a 2-year accumulation phase, Hbar broke out of its major resistance level, and I believe this is the start of wave 1 of 5. The chart shows linear and logarithmic one-to-one price extensions of cup & handle patterns.
There was a massive volume spike across multiple exchanges including Binance. I have set the target area where the price level converges with fib retracement targets. However, I believe Hbar will ultimately break out of this entire structure and continue to rise in price.
I expect a minimum market cap of GETTEX:70B to $100B for Hbar, as it is an outstanding project with advanced technology and significant public adoption.
Please note that this is not financial advice, only my personal opinion. Good luck with your investments.