#HBAR/USDT#HBAR
The price is moving in a descending channel on the 12-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have a downtrend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of
0.04200
Entry price 0.05100
First target 0.05538
Second target 0.06071
Third target 0.06786
HBARBTC
#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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#HBARUSDT
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BINANCE:HBARUSDT
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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 Looks bullishWarning: This is an analysis on a daily time frame. To enter a position, you need to enter a position in a valuable range and have a trading setup.
From where we placed the red arrow on the chart, it seems that the HBAR correction has started.
The correction seems to be a diametric that is over.
By maintaining the green range, it can move towards the targets.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
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
#HBAR/USDT#HBAR
The price is moving in a descending channel on the 1-day frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at 0.04410
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.04972
First target 0.06127
Second target 0.07280
Third target 0.08400
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
Alt Season Around the Corner (Scenarios)Bitcoin Dominance may be topping out here - a possible triple-top.
Meanwhile many alts are bottoming vs. Bitcoin.
A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms.
This could occur as soon as next week.
Other possible scenarios could be:
Scenario 1: Mini-Alt-Season First: Then Bitcoin Dominates again -> Actual Alt Season:
For this scenario, we'd likely see something like an initial breakdown of Bitcoin Dominance and breakout of Alts vs. their Bitcoin pairings, followed by a pullback on both as Bitcoin rises higher and alts lose vs. BTC again, hitting higher lows near bottom prior to the real breakout.
Scenario 2- Breaks and Pullbacks Now: Dominance Breaks above 54.09% now -> Alts Lose their Bottoms Briefly -> Alt Season
In this example, there's a breakout above recent Bitcoin Dominance highs (weekly close(s) above 54.09%), and alts breakdown losing their current bottoms vs Bitcoin (weekly close(s) below their weekly lows). Then a pullback below 54.09% and above alt's recent lows leading into an extended alt season.
Scenario 3 - Idea is Invalidated - Dominance either heads up strong and Bitcoin eats alts or it falls as Bitcoin drops hard as Dominance does and the entire market moves down
This final scenario is the invalidation of this idea. Bitcoin either rises hard along with dominance and destroys alt/btc pairings, or dominance and Bitcoin drop together as the entire market weakens - and if this occurs, I'd expect the signal for it would be as TVC:DXY strengthens heading above 106-108 and then 112-115 (see my other published posts about the Dollar Index and how it relates to crypto and stocks on the macro).
Hope this helps someone, cheers and good luck!
- dudebruhwhoa
#HBAR/USDT#HBAR
The price is moving in an ascending channel on a 12-hour frame
The price rebounded more than once at the lower border of the channel, and this is evidence of the strength of the channel border and the expectation of a rise
We have a higher stability moving average of 100
Likewise, there is a trend in which the price touched the RSI and rebounded from it
Entry price is 0.12265
The first goal is 0.1279
The second target is 0.1366
The third goal is 0.14404
HBAR'S biggest percentage gain so far, is YET TO COME!Since I predicted the coming cup & handle pattern well before anyone else on Jan 2nd, HBAR has broken out of the cup's handle and ran for more than a 100% gain. The price peaked, dropped, and retested the rim-line; now it's going to make the biggest gain of the entire pattern.
Buckle your seatbelts!
Good luck, and always use a stop-loss!
Running FlatHere's an idea to support the possibility that BINANCE:HBARBTC may be ready for or have already begun a reversal that is potentially headed towards a new ATH.
HBAR ended its second run vs. Bitcoin with a slightly higher new high, giving it a flat top. Since correcting, it has formed what could be a strong reversal at a low that is parallel to its previous low and the two previous highs, and it did so right along the 100% fib on the trend-based fib extension shown above.
Should we actually get that reversal here, it would confirm that it has been in a running flat correction, which typically leads to a very strong move up once it reverses.
The running flat also lends confluence towards my previous suggestion that it has been in accumulation since inception, as shown in this older chart below comparing the weekly with Wyckoff Accumulation Schematic # 2:
HBAR breaks out 10.44% in the early hours.As I've posted previously, HBAR is in a massive cup & handle chart pattern on the daily chart, and this morning popped up a massive 10.44% in the early hours, but this is just the beginning of what I believe we are going to see over the next few weeks/months.
The gains in HBAR are going to be EPIC heading into summer, as crypto investors and trader's alike are going to realize just how undervalued HBAR is in the utility crypto sphere.
Good luck traders, and always use a stop.
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!