Possible Weekly Triple BottomHBAR looks like it is headed back down between 146-156 (or slightly higher or lower than this range), for a 3rd bottom and potential triple bottom.
Hbar
Monthly Adam & Eve Breakout Being Re-testedMonthly close is in a little over 5 days. CRYPTO:HBARUSD formed an Adam and Eve double-bottom on the monthly right at center and top of Monthly Support before breaking out to confirm that pattern and is now re-testing it for final confirmation or denial.
Hold the monthly neckline at 7.3 cents and we can expect a move up towards Monthly Resistance as we get into February and March.
Lose it and we likely will see another test of monthly support instead, which is around a falling wedge top, or this re-test area and/or the 200 day EMA and MA that I have marked and displayed on my weekly chart below.
Note that HBAR also saw a 50/200 day EMA and MA Golden Cross during the last few months of 2023, and is presently sitting back below the 50 EMA and MA. However, it has held above the 200 EMA and MA. So, we also need to see it recover the 50 EMA and MA if and after we see a close above the monthly neckline as well or these areas could be tested again.
Weekly chart showing Golden Crosses and Falling Wedge break / re-test(s) - also shown in related published ideas below, but updated chart pic here:
TL / DR - hold the Adam/Eve double-bottom's monthly neck @ 7.3 cents to continue up, lose it to re-test 200 day EMA/MA and/or the falling wedge re-test area marked on the weekly chart above.
HBAR is making nice progress since it's breakout.Here's a closer look at the current HBAR chart, and where it's at after the recent breakout.
HBAR long-term Cup & Handle pattern on the daily chart.This is an expanded version of the previous HBAR cup & handle chart I posted. This one includes a date moniker, and an expanded u-shape to help judge the overall time frame involved, assuming the chart pattern plays out.
HBARUSDT.1DBased on the provided market data, HBAR (Hedera Hashgraph) is currently trading at $0.073 against USDT.
In the 4-hour chart, the Relative Strength Index (RSI) is at 69.78, which is close to the overbought territory (RSI > 70), suggesting a potential price pullback. The Moving Average Convergence Divergence (MACD) value is positive, indicating a bullish trend. However, the price is currently below the Bollinger Band (BB) median of $0.076, which could signify an upcoming price correction.
The support levels for the 4-hour chart are at $0.069, $0.066, and $0.061 respectively, while resistance levels are at $0.076, $0.079, and $0.086.
In the daily chart, the RSI is at 48.75, which is neutral territory. MACD is negative, indicating a bearish trend. The BB median is at $0.077, slightly above the current price. The support levels are at $0.066, $0.060, and $0.057, while the resistance levels are at $0.078, $0.087, and $0.089.
In the 7-day chart, RSI is at 56.40, suggesting a slightly bullish trend. MACD is positive, which supports this bullish trend. The BB median is at $0.093, significantly above the current price. The support levels are at $0.065, $0.044, and $0.039, while the resistance levels are at $0.076, $0.084, and $0.098.
In conclusion, the technical indicators suggest a mixed sentiment in different timeframes. The 4-hour chart shows a possibility of a price pullback due to the high RSI, while the daily chart shows a bearish trend. The 7-day chart indicates a slightly bullish trend. Investors should exercise caution and consider these mixed signals before making a decision. Remember, it's essential to consider other fundamental factors and market news as well.
Hedera Floats $250M Web3 Venture Fund in Saudi ArabiaHedera ( CRYPTOCAP:HBAR ) has launched a $250 million fund for DeepTech as it seeks to drive Web3 education and adoption in Saudi Arabia. The open-source Proof-of-Stake (PoS) public ledger has announced a multi-year strategic partnership with the Saudi Arabian government.
According to the announcement, the PoS blockchain has entered into a core alliance with the Saudi Ministry of Investment. The five-year agreement is worth $250 million and includes the Hedera Fund-Saudi collaboration, as well as the launch of DeepTech Venture Studio.
The DeepTech Studio is part of a five-year plan and will be established in Saudi Arabia's capital city, Riyadh. Its focus is closely linked with Saudi's goal to diversify its income from oil and gain traction amongst international companies. The Studio will play a crucial part in developing innovative solutions in industries like Artificial Intelligence (AI) and quantum computing.
This launch comes amidst other milestones for the protocol, including significant growth and big partnership deals. Hedera Hashgraph's native cryptocurrency, CRYPTOCAP:HBAR , was allocated around 5 billion for the ecosystem's development and the advancement of decentralized governance. A portion of the fund was directed to existing initiatives, including the CRYPTOCAP:HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation.
Less than four weeks ago, the Hedera ( CRYPTOCAP:HBAR ) developer team talked about the integration of Hitachi U.S. in relation to potential inclusion in the governance council. The addition of Hitachi, one of the largest even for the Hedera Fund ecosystem, made the former the newest member of Hedera ( CRYPTOCAP:HBAR ) Council. The move is poised to boost the practical application of Web3.0 technologies.
Hedera: Almost done 😮💨Hedera continued to fall in the last week before a bullish counter-reaction occurred. According to our primary expectation, the price still has some room to the downside, but it should not be far to the low of the green wave 2. Once the low is established, a turnaround and a rise above the resistance at $0.10 is on the cards. Only the 33% probable alternative would entail further imminent declines. It would push the low of the magenta-coloured wave alt. (2) below the support at $0.03.
Things may be looking UP for HBAR!HBAR has formed a clear cup & handle formation, and is nearly completed the handle. All that's left at this point is for the price to breakout of the handle wedge.
I would be cautious with this particular play, and look for a bullish engulfing candle previous to the breakout candle, and run a tight stop until you breakout above the upper cup trend line. (White dashed line)
Good luck!
HBAR time has come. Choo choo!This analysis is based on Elliott, fibonacci, pitchfork, and pattern of past bull runs.
I am posting charts of smaller time frames below too for more detail.
The algos tagged the golden zone (0.618-0.65 fibonacci) in log scale. Because of this, I do the target estimations in log scale. This results in an uber target estimation.
I pattern the estimation based on previous 4-yr cycled bull runs. The white squares are based on timelines (month it occurred) of previous waves 3,4 and 5. For example, past bull runs ended wave 5 top November or December.
Notice the yellow wave 2 off the bottom is very long in comparison to the yellow wave 1. This leads me to believe, that a major pump is in the works after such a long correction/accumulation.
Take the estimate with a grain of salt, as still quite early to be projecting 2 years in advance.
SHORT HBAR 4H AFTER PRICE BACK TO POI AREAHedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).
It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.
The HBAR token has a dual role within the Hedera public network.
First and foremost, HBAR the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that is positioned as an alternative to traditional blockchain technology and aims to excel in speed, efficiency and security.
Older blockchains tend to use a consensus mechanism like proof-of-work (PoW) to validate transactions, while younger blockchains opted for proof-of-stake (PoS). The Hedera Hashgraph system has a structure that was created from scratch particularly for the project. Hedera is based on a PoS model that is believed to increase the efficiency of transaction verification in the network, provide a high level of security, and protect the network from hacker attacks. Its ecosystem has the underlying hashgraph consensus algorithm and the global enterprise governing body.
Hedera Hashgraph is a distributed ledger technology (DLT). According to the project website, Hedera differs from other blockchains because it uses a new consensus algorithm called hashgraph. It intends to process and execute transactions faster, eliminate delays, and smooth out the TPS (transactions per second) indicator. Hashgraph is claimed to be an upgrade in transaction speed, cost, and scalability.
Core network services by Hedera:
Consensus Service (HCS). With HCS, clients send messages to the network to negotiate consensus timestamping and order. In this case, the state is stored offline, and users can define privacy and access control.
Hedera Token Service (HTS). Thanks to HTS, token creation and management are available to customers. It supports built-in tokenization.
The goal of Hedera’s hashgraph is to increase the speed of transactions. Moreover, the network is also focused on high-volume operations: micropayments, data integrity and tokenization.
Like the EVM, the Hedera network maintains a virtual machine that writes smart contracts in the Solidity programming language. On top of that, Hedera offers a set of built-in KYC and AML checks.
From a technical point of view, Hedera is a form of distributed ledger technology. It is a hashgraph, or consensus algorithm, where users agree on the order in which transactions should be performed. However, Hedera is not exactly a blockchain. It has its own distinctiveness and works differently. With hashgraph, all transaction branches are merged, no block equivalent is thrown away, and each is used to reach consensus.
One of the most noticeable features of the network is the Gossip-about-Gossip protocol. According to Dr. Leemon Baird, Hedera's inventor, within the system nodes randomly transmit data about themselves to other nodes via hashgraph using the Gossip protocol. Soon, all nodes in a cluster become familiar with each other. Then a certain data structure is formed. It consists of a payload of transactions, a timestamp, a digital signature, and hashes to the previous structures.
HBAR is Hedera's native token that powers applications on the Hedera network. HBAR is utilized to pay for network services, transaction fees, in-app payments and micropayments. Developers can pay network fees with HBAR tokens, namely: work with smart contracts, file storage and currency exchange. HBAR is used to incentivize and pay network nodes.
Hedera Hashgraph has a decentralized governance system that is set apart. All critical decisions about pricing policy, software updates, and wealth management are made by the Governing Council.
HBAR vs ETHJust a fractal to show the potential of HBAR in the future.
History rhymes. I think we're still in good acc range on most coins.
LIKE AND FOLLOW FOR MORE!
HBAR will DOUBLE in the next 6 to 8 weeks!HBAR has been forming a very clear cup & handle formation for the past 10 months (since February 2023), and is now starting to work on creating the handle. HBAR has nearly doubled since mid October and over the next six to eight weeks WILL DOUBLE AGAIN!
Pick your spots, pack your bags and buckle your seatbelts!
The journey to the moon first starts with an ignition!
Eyeing the $12.5 TargetHBAR is currently encountering a pivotal resistance level, marking a critical juncture in its pricing trajectory. This level is identified as the primary resistance zone, indicative of a significant barrier in its upward movement.
Market analysis suggests the potential for a pullback and subsequent correction phase as the price interacts with this resistance.
Such a retracement is a common phenomenon in asset pricing behavior, reflecting a consolidation of gains and a reassessment of market value.
Should HBAR successfully navigate this resistance and the accompanying market dynamics, there's a plausible scenario where it could advance towards a higher resistance target, specifically the $12.5 mark.
This analysis is for guidance only and shouldn't be taken as direct trading advice.
HBAR - This Quick Idea Could Yield A 100% Gain...Just scanning though the top 50 cryptos and looking for trading ideas.
This one here stuck out as a good timely opportunity..
Entry: At Market.
Stop: 0.07
Target: 0.19
Use your judgement, this is just an idea based on AriasWave.
A methodology I created to replace Elliott Wave because it simply does a better job.
HBARUSDT Good Buy!HBARUSDT Technical Analysis Update
HBAR price is breaking its resistance line, forming a W pattern. We can expect a significant upward move from the current level.
Buy zone : Below $0.0888
Stop loss : $0.0745
Regards
Hexa
HBAR/USDT bullish horizons? 👀 🚀HBAR Today Analysis💎 Paradisers, let's take a closer look at #HBARUSDT as it's currently displaying a promising pattern. Positioned at a crucial support level, it is hinting at an impending bullish movement.
💎 Recently, #HederaHashgraph has seen a resistance level transform into support. Currently, it is maintaining strong momentum above the support level of $0.0772. Should it continue to demonstrate strength above this level, we might witness an upward trajectory, aiming to overcome the significant resistance at $0.1363.
💎 However, should #HBAR fail to sustain its momentum above the $0.0772 support, we could see a bullish recovery strategy coming into play, potentially from a lower support level at $0.0676.
💎 It's crucial to be prepared for all possibilities. If #HBAR breaks below the $0.0676 support level, it could signal a shift towards a downward trend. 🌴💰
HBARUSDT 1W Ready PUMPAre you ready for reality show !?
I hope HBAR 3 MONTH REACHED
0.13$ price
No resistance and… :)
HBAR HBAR looking for a push up to $0.090 range, quickly, we could see this happen in the next few hours nothing else to say about this one but enjoy.
Good luck and have Fun with it.
HBAR/USDT Bulls Set Sights on Breakthrough? 👀 🚀 HBAR💎 Paradisers, an exciting opportunity is emerging with HBARUSDT. The asset is currently attempting to break through a significant supply level, suggesting a strong likelihood of a bullish trend upon a successful breakout.
💎HBAR has shown a pattern of ascending after breaking through supply levels. Recently, it has made a second attempt to surpass the supply level at 0.0641. If HBAR successfully breaches this level, we can anticipate a bullish trajectory towards a higher supply level.
💎 Notably, HederaHashgraph is maintaining robust momentum above the EMA100, which bolsters the bullish outlook. This scenario requires a nuanced understanding of the dynamics between probabilities and mathematics, offering investors a clear view of the potential risks and rewards.
💎 Alternatively, if HBAR fails to overcome the robust supply level, we might see a bullish continuation from the lower demand level at .0549. However, a break below this demand level could lead to a significant downward movement towards the next support level.
💎 This analysis underscores the importance of monitoring price action around these pivotal levels for strategic trading decisions.
HBAR: $0.1 SOOON ! Get ready for Breakout🌐 Hello Crypto Enthusiasts,
Exciting developments are underway on the HBAR chart, and it's time for a closer look! HBAR has recently undergone a double retest of a crucial trendline that has been shaping its trajectory since 2020. The market is now in a consolidation phase, presenting an imminent opportunity for a breakout. Let's dive into the details of this chart setup. 📊🚀
Analyzing HBAR Chart: Setting the Stage for a Breakout
Double Retest of Long-Term Trendline:
Historical Significance: The trendline in question carries historical significance, originating from as far back as 2020.
Double Touch: HBAR has recently achieved a noteworthy feat by retesting this trendline not once but twice, emphasizing its relevance.
Range Trading Dynamics:
Consolidation Phase: The current price action indicates that HBAR is in a consolidation or range-trading phase.
Trendline as a Pivot: The lower trendline is acting as a pivotal support, putting pressure on the price and setting the stage for potential upward momentum.
Anticipating the Breakout:
Technical Indicators: The double retest and consolidation suggest an imminent breakout scenario.
Volatility Awareness: Traders should be prepared for increased volatility as HBAR approaches a decisive point in its price action.
Trading Strategy Considerations:
Breakout Confirmation:
Upper Resistance Break: A confirmed breakout above the upper resistance of the range would signal a bullish continuation.
Volume Confirmation: Verify the breakout with increased trading volume for added confirmation.
Risk Management:
Protecting Capital: Traders are advised to implement robust risk management strategies, considering potential volatility.
Stop-Loss Placement: Determine strategic stop-loss levels based on risk tolerance and technical analysis.
Price Target:
Initial Target: The first price target following a successful breakout could be set at 0.1, considering the historical context and technical analysis.
Conclusion:
As HBAR hovers on the cusp of a potential breakout, traders and investors alike should monitor the situation closely. The double retest of the long-term trendline and the current range trading dynamics make HBAR a coin to watch for potential price acceleration.
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
HBAR/USDTHBAR is in a symmetrical triangle pattern, I have drawn the resistance and support lines clearly, inside of it we have a cup and handle pattern, and I have measured both short and mid term targets for HBAR
GL
Potential Trend ReversalIn the daily timeframe, HBAR experienced a significant growth of around 50% after performing well in recent weeks. Eventually, it encountered the area of daily supply and the descending trend line it had. These two areas merged, gaining more strength in this price zone, potentially driving the price downwards towards the demand area and its support level. If this range is invalidated, and the descending trend line we have is broken, HBAR could experience growth towards the price range of $0.08900.
This analysis is for informational purposes only and should not be considered as financial advice.
HBAR/USDT Break the descending pattern. Bullish Momentum ??💎 HBAR has undeniably garnered significant attention in the market. Currently, it has broken out of the descending channel pattern and is in the retesting phase at the resistance trendline of the descending channel.
💎 A bounce from this trendline is necessary to sustain the upward movement towards the next resistance area. If successful in breaking the resistance at $0.077, there is a potential for HBAR to continue its upward trajectory, reaching our target supply area.
💎 However, if HBAR fails to bounce from the resistance trendline or makes a false break, there is a possibility of retracement to the demand area at $0.0575. In such a scenario, HBAR needs to reclaim or break the pattern again; failure to do so could result in a breakdown below the demand, leading to a downward movement back to the strong demand area.
