Hedera Hashgraph: Sharp DropWithin just a few hours, HBAR dropped sharply by around 20%, plunging deep into our green Target Zone between $0.29 and $0.22, a range we identify as suitable for long entries. This move marked the low of the green corrective wave 4. During the current impulsive wave 5, we expect a swift recovery toward the recent high at $0.39 and potentially beyond. In our short-term alternative scenario, further selling pressure could momentarily push the price below the support at $0.23 (with a 35% probability). But even in the case of such an extended correction, HBAR would remain within an overarching bullish upward structure.
Hbaranalysis
#HBAR (SPOT) entry range(0.0470 - 0.0520) T.(0.0970) SL (0.0453)entry range (0.0470 - 0.0520)
Target (0.0970)
SL .4H close below (0.0453)
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Technical analysis for HBAR (HBAR/USDT) on a 4-hour chart + PRICTechnical Analysis by Blaž Fabjan.
Double Top Formation:
The chart highlights two potential tops, labeled as "TOP 1" and "TOP 2," suggesting a double top pattern. This typically indicates a bearish reversal after the second top, with price potentially dropping before continuing a new upward trend.
The neckline level where the price might break down after forming the second top appears to be in the range of approximately $0.054 or slightly lower.
Price Action and Next Move:
After the second top, the price might experience a pullback to a support level (likely the $0.052 - $0.053 range).
The blue arrow in the chart suggests a bullish continuation after the retracement, with an expected move to the upside targeting a higher resistance level around $0.065.
Momentum Indicators:
VMC Cipher B Divergences:
The divergence indicator signals some mixed momentum. There is both bearish and bullish momentum displayed in the indicator, but the red dots suggest potential downward pressure before any strong bullish continuation.
RSI (Relative Strength Index):
RSI is currently at around 60.37, indicating mild bullish momentum but still below overbought levels (70). If the RSI drops to oversold levels during the retracement, this would present a buying opportunity.
Stochastic RSI:
The Stochastic RSI is showing a recent peak near the overbought zone (72.50), indicating that a retracement might be near as momentum cools down before continuing upward.
Trading Plan:
Short-Term Bearish Scenario:
Enter a short position if the price fails to break above the second top and breaks below the neckline around $0.053-$0.054. Set a target near $0.052, the potential support area. Stop-loss can be set above the recent high at around $0.056.
Bullish Continuation:
Look for a long entry after the expected retracement around the $0.052 area, once bullish momentum starts to pick up again. The ideal entry point would be around $0.0525, confirmed by oversold conditions in RSI or Stochastic RSI.
Target: $0.065, which is the next major resistance level.
Stop-loss: Place stop-loss below $0.050, depending on risk appetite, to limit potential losses.
Indicators to Watch:
Keep a close eye on RSI and Stochastic RSI to confirm when the price is reaching oversold levels.
Watch for any divergence in the momentum indicators that could signal a reversal of the trend earlier than expected.
Risk Management:
Maintain a risk-reward ratio of at least 1:2, aiming for higher rewards on the upside compared to the risk on the downside.
Adjust positions based on support and resistance levels, and be cautious of any news or updates regarding HBAR fundamentals.
This strategy takes into account the possibility of both short-term corrections and longer-term bullish continuation.
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
HBAR-Genuine break and 100% rise?BINANCE:HBARUSDT is a coin that I've been closely monitoring this year, awaiting a buy confirmation. As depicted on the chart, after experiencing a more than 90% drop from its peak, the price began consolidating and has now formed a clear resistance in the 0.10 zone. This significant resistance was finally breached yesterday, and if it proves to be genuine, we could anticipate a rise to the next resistance level, which is approximately at 0.2, indicating a potential 100% increase.
Today, the price is undergoing a normal correction, presenting a potential buying opportunity. Considering a stop loss of around 0.085, such a trade would offer a risk-to-reward ratio of 1:4.
HEDERA HBAR price tries to change the trend to growthThe HBARUSDT price is trying to break through and gain a foothold above the strong mirror level of $0.58.
If buyers manage to do this, the next HBAR price target will likely be $0.75.
Then, a retest of $0.58. If the HEDERA token price doesn't drop lower, great.
You can buy HBAR in your investment portfolio with a clear conscience and wait for it to grow to at least $1.70
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HBAR (Hedera Hashgraph) Coin Analysis 05/04/2021we had earlier analyzed and Purchased and Opened positions on this Coin:
Fundamentals:
Billed as the "trust layer of the internet," Hedera Hashgraph is a public network 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.
Unlike most other cryptocurrency platforms, Hedera Hashgraph isn’t built on top of a conventional blockchain. Instead, it introduces a completely novel type of distributed ledger technology known as a Hashgraph.
This technology allows it to improve upon many blockchain-based alternatives in several key areas, including speed, cost, and scalability. Hedera transactions have an average transaction fee of just $0.0001 USD and typically reach finality in under five seconds. Overall, Hedera Hashgraph claims it can handle more than 10,000 transactions per second (TPS) — compared to the around 5-20 for most popular proof-of-work (PoW)-based blockchains.
The platform offers several major network services. These include:
A token service that allows users to easily configure and mint both fungible and non-fungible tokens (NFTs) on Hedera with just a few lines of code.
A consensus service that acts as a layer of trust for any application or network that needs a secure, verifiable log of events.
Smart contract tools that let developers build powerful and efficient decentralized applications.
Decentralized file storage services with features include proof-of-deletion, controlled mutability, and time-based file expiry.
Hedera Hashgraph uses a novel consensus system known as Hashgraph consensus to keep its network secure.
This uses a rotating governing council consisting of up to 39 highly diversified organizations that span across up to 11 different industries. These are involved with directing the Hedera codebase, voting on platform decisions and operating the initial nodes on the Hedera public network.
Hedera uses a novel form of proof-of-stake (PoS) which allows HBAR users to stake their resources to help protect the network. Right now, all Hedera nodes are managed by either Hedera itself or the governing council members, but there are plans to switch to a permissionless system in the future.
\ Overall, Hedera's security setup ensures it achieves "asynchronous” Byzantine fault tolerance (ABFT) — meaning it can guarantee both the timing and order of a set of transactions, even if some data is delayed or lost.
Hedera Hashgraph has two founders: Dr. Leemon Baird and Mance Harmon.
Dr. Leemon Baird is credited as the investor of the hashgraph distributed consensus algorithm and currently works as Hedera's chief scientist.
Prior to founding Hedera Hashgraph, Baird accumulated more than a decade of experience in various computer science and security roles and previously worked as a senior research scientist at the Academy Center by Cyberspace Research. He also holds the position of co-founder and CTO at Swirlds Inc., a platform for building DApps.
On the other hand, Mance Harmon is Hedera’s CEO and an experienced technology executive and seasoned entrepreneur. Harmon has around two decades of experience holding executive roles at prominent firms — many of which are in the IT security industry. Like Dr. Leemon Baird, Mance Harmon also holds a second position at Swirlds Inc., as its co-founder and CEO.
In addition to the founders, the Hedera leadership team also comprises more than a dozen individuals, many of which have had distinguished careers.
The Hedera Hashgraph token, HBAR, has a maximum total supply of 50 billion units. Out of this, almost seven billion were in circulation as of January 2021 — equivalent to around 14% of the total supply.
Hedera publishes regular reports detailing when the next wave of HBAR tokens will be unlocked. These reports can be viewed here.
According to Hedera's resources, the two project founders each have a coin grant of two billion HBARs, equivalent to 4% of the total supply each. These tokens are vested over a six-year period.
Other senior executives at Hedera (that joined prior to 2018) have coin grants of between 250 million and 300 million coins. These tokens are vested over a period that ends in December 2021.
According to Hedera's Economics Whitepaper (published June 2020), around 17.03 billion HBAR is estimated to be in circulation by 2025 — equivalent to 34% of the total supply.
The live Hedera Hashgraph price today is $0.328376 USD with a 24-hour trading volume of $238,828,303 USD. Hedera Hashgraph is up 0.07% in the last 24 hours. The current CoinMarketCap ranking is #46, with a live market cap of $2,599,706,500 USD. It has a circulating supply of 7,916,866,045 HBAR coins and a max. supply of 50,000,000,000 HBAR coins.
The top exchanges for trading in Hedera Hashgraph are currently Binance, Huobi Global, Upbit, OKEx, and FTX.
Technical Analysis:
as you can see the MACD and Signal Line are showing some Tilt down and crossover, which is the sign of some price correcting though there exist a Mild Bearish Divergence.
by Fibonacci retracement we have defined some retracements levels which are the golden zone and a powerful Support area, which can show some good Support and price may bounce from them to the higher levels
we have defined 3 Targets using Fibonacci Projections of the Past Impulsive wave and presumed Maximum retracement and price correction of 61.8% Fibonacci retracements.
the 3 TP gets its confirmation as the price triggers the 2 TP followed by some price correction and reaccumulation
we are asumung the 3 TP to gets trigried less than and within 8 months time'
the dotted arrows are just to show the bias and process not an actual indication of price forecast
HBAR | Getting ready to fly Hbarusdt
Higher Time-frame
Trying to break horizontal resistance.
If the price rejects from here, it will retest the trendline support, with a successful retest expecting a massive bullish move.
If you are trading now then it will be a foolish move, we should have to wait for breakout or retest.
This is just my opinion, God knows better.
Remember: We only give ldea's from our
experience and knowledge, it does not
mean that it will be 100% correct, the
market is always unpredictable, anything
can happen anytime.
Always trade with your own research and
knowledge. If You Are Satisfied With Our
Work Then Join.
HBAR CAN FALL AGAINHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the HBAR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
HBARHBAR, one of the top DEFI cryptocurrencies, which has strong fundamentals and partnerships with high-profile companies like Google. It's ready to explode at any moment. After an impulsive wave, we made a climax, leaving a graphic figure (Cup And handle). We just broke off the cup handle part. To confirm the bullish pivot, we have to break out of this resistance region of 0.43 cents. Possible targets are already entered in Fibo!
HBAR/USDT: READY FOR A HIGHER RALLY.HBAR/USDT Trade Setup:
HBAR broke out of the trendline and it is currently retesting. I am expecting a good rally on this once we see a bounce after the retest.
Entry: $0.205 to $0.211.
Stop Loss: $0.192.
Targets:
$0.216
$0.221
$0.230
$0.243
Use 5x to 10x leverage .