HBARUSDT Resistance Breakout!!HBARUSDT(1D Chart) Technical analysis
HBAR/USDT(1D Chart) Currently trading at $0.314
Buy level : Above $0.313
Stop loss: Below $0.235
TP1: $0.388
TP2: $0.486
TP3: $0.644
Max Leverage 2x
Always keep Stop loss
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Hbarlong
LONG HBAR/USDTWhat Is Hedera Hashgraph (HBAR) ?
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.
HBAR / USDHBAR been through a distribution event by the whales over the last 2 months or so, collecting their $millions. There has been a reclaim of sorts around the current price.
I know Credible Crypto is a big fan of this and rightly so, check his YouTube analysis, it's hard to not get pumped, backed by some of the largest tech firms in the world. I expect $HBAR to do a $ADA on its first speculative run, peak and trough before adoption 2 or 3 years (or longer) down the track... Since we are quite some distance away from this chain being decentralised and useful, I will not holding this bag longer than I need to!
I'm buying around $0.255 where there seems to be demand, expecting a bumpy ride of sorts over the next couple of weeks but the sky is the limit if we can break through that resistance that was previously support.
Dont trade with debt, trade within your means and use a stop loss!
Alfa
HBAR BUY/LONG 0.18 to 0.92++ By end 2021TICKER CODE: HBARUSD
Company Name: Hedera Hashgraph, LLC
Industry: Crypto Currency | Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Flag Pattern (Breakout Incoming)
2. Fibonacci Retracement at 0.618 (Golden Zone)
3. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole Length
Entry: NOW READY (0.18 - 0.30)
1st Partial Take Profit: 0.63 (June - August 2021)
2nd Take Profit: 0.92 (October - December 2021)
Please note that the Market could fall to 0.18 but it's currently sitting on a pivot point of a new potential support level hence more likely to launch up!
HBAR / BTC - Beautiful Bull Flag FormationMay drag out further than shown above, but looks like we're gearing up to break through all-time high (top two yellow lines and area in between). Monthly + Local support is green rectangle, Local resistance is red one.
This was our 2nd major move up after double-bottoming on the all-time chart, we should expect a third and it should be one of the larger of the moves. A break below monthly support invalidates this idea.
Hbar will surprise us soon in next 2 weeks ... last call✅ Buy: 0.34 - 0.35 ✅
🎯TARGETS:
1- $0.4360
2- $0.5060
3- $0.6000 (take profit for 70% - 80%)
4- $0.6800
💵 Trade Size: 5-7% of Portfolio
🚫Invalidation(SL): daily candle close below $0.28
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HBAR What next? Hello, I am updating my idea on HBAR. As for the fundamentals, HBAR is on my top 3 projects. Something that is very revolutionary and interesting, in which I have entered very early. As for now, the market looks very volatile and BTC trend seems uncertain. I will publish some scenarios that I think that would play out in HBAR. This is not financial advice, it is just my study.
FIRST SCENARIO-If the market becomes normal, we could see in a short time HBAR jumping to the 0.38$ as the TP1. I expect probably a rejection there to go back at the 0.325 area, and if that happens we could see a very bullish pattern as inverse head and shoulder pattern, shown in the graphic. Also the indicators show that kind of move is quite possible.
SECOND SCENARIO- The second scenario may be that there is a possibility that it breaks the 0.38$ area and makes a move above 0.41$ and higher. It is a possible scenario but not very usual as a scenario in this case. Still you can book some profit there and hold more for the future.
THIRD SCENARIO- Market continues bear, and HBAR does not break above the resistance area, and after rejection the support does not hold. We could see a pullback to 0.28$, which is a very good area of support but in the worst case, another big support is in the 0.23$. Low possibility scenario, as HBAR is a very strong project, but it could happen.
BLUE lines - Resistance areas
Purple and pink lines - support areas.
White arrows - possible bull scenario.
This is my idea in general, the stop loss is in the area there. If you want to be a long term holder in HBAR, it is good to buy anytime, as it is one of the best projects. In short, the scenarios are mentioned.
Good luck to you all. If you any other opinion, you are free to comment. :)
HBARive been hearing alot about HBAR but never really looked into it. But ill be getting in if she drops to my green box. Yellow is neutral/bounce zone. Red is resistance. But remember we are still in a bull market so maybe when bitcoin rips up alts will bleed and we will get a better buying position
HBAR About To Join The Alt Party!It's that time again for Hashgraph to start climbing the CMC ranks with a move to $0.69
If you are planning on grabbing more Hbars; doing so before Sunday night may not be a bad idea, as I expect price to move up in a big way next week. It has broken out on the daily and is currently consolidating along with building strength for a price explosion. Should be a fun week for you Hbarbarians out there.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
HBAR next possible moves?So HBAR hasn't made the fifth wave as I was supposing.
Right now it is also crossing the 20MA.
What to expect now??
1, Green line
- we could see a bounce from the long trend line...
2,Orange one
- We could break the line and test is as a resistance with a bounce from a resistance level at 0.25.
3, Red line
- It could also be forming double top pattern which is super bearish.
- If we break the resistance at 0.25 we could possibly drop even lower to last resistance point around 0.11.
Hedera Hashgraph - What's next for HBAR?If you haven't been living under a rock this bull run, you'd know that HBAR has been one of the most talked-about coins since its initial move up at the start of 2020. Currently, we stand at a crossroad. After rocketing 400% higher than the previous all-time high there are fears that HBAR might be running out of steam.
Bullish:
- Coin has been ranked number one on social blade multiple times in the past months and in the top ten literally dozens of times.
- Near perfect fundamentals: UK hospitals have been using HBAR to track the coronavirus vaccine, holocaust museums have been using HBAR to store survivor testimonies in the blockchain and they are rumoured to be working on the first "digital dollar" with centralised banks and the government.
- Amazing ability to gather public attention.
- Promising future fundamentals as COVID-19 will likely be around for at the very least a year or more to come and many government officials have admitted to be looking into working on a digital dollar that HBAR seems to be working on.
- Managed to avoid a double top drop, showing that the current 0.3 support is very strong and that investors are likely looking to hold HBAR for the long term. Usually, after a double top, we see a wave of panic selling that drops an asset down to previous support.
- The bull market.
Bearish:
- Volume is falling off in comparison to earlier this year, perhaps people are diversifying into coins that are yet to "moon" like HBAR has.
- Falling on the social blade. HBAR has gone from being mentioned in the top ten almost daily to hovering around the top 25. Perhaps this is because as altcoins start to pump left and right people are looking for more promising shorter-term investments.
- Double top (explained above)
- Potential triple top seems to be approaching as HBAR once again bounces off of the 0.3 support, if it does not break through on this attempt, with the dropping volume and weak RSI we will almost certainly see a drop to a previous support level.
HBAR could either somehow gain the volume (potentially via a new announcement) to push through the resistance and conduct a successful R/S flip (red arrows). Or we could see a triple top as HBAR fails to break through, after this investors would most likely lose some faith in the short term and we would see a sell off to previous support (orange arrows). Personally, I slightly favour the bearish scenario, however, it is impossible to be decisive, I would recommend not buying until we see a confirmation of a R/S flip above this resistance and not selling until we see a break below the support.
Buy big sell BIGGER - Megawhale