Subwave 3 of 5 targets in Purple.Hello Traders,
This is a GREAT time to get some $HBAR before a nice move. The way I see it, we're just now hitting the 3rd wave of the final impulse wave. $HBAR likes to hit the 2.618 extension on the 3rd waves so it wouldn't surprise me if we hit our upper targets, we'll need to see how the chart plays out but at a minimum I see us hitting the first target before we have subwave 4, then move up for the final 5th wave. The bears could take this down to .087 area but I doubt it at this point.
If you buy in here, I'd put a stop loss at .085 cents for a great risk / reward ratio.
At the end of this impulse, I do expect a nice ABC correction that could take us back down to retest the break-out area near .06 cents however, crypto is crazy and it's also possible that $HBAR begins to get listed on Coinbase / Gemini etc, and we never see these prices again!
Cheers!
HBARUSD
Detailed Breakdown of the HBAR Move as I see itHere's a more detailed breakdown of the whole move as I can see it. The light blue subwaves make up the larger structure. I believe we've just put in a 4 wave and are headed higher from here. If we break down, I don't think we'll get any lower than .059. The targets are color coded with the Green target being the most probable to me, although I've seen several truncated 5th waves so be on the look-out for that.
To me, all of this price action is just the chart putting in a larger wave 1 which will take us MUCH higher over the next few weeks. Personally, I'm a long term holder and believe the project will be a top 10 project by the end of the bull run.
This is not financial advice, just my thoughts on the market. Do your own research before investing. Never invest more than you're willing to lose.
Cheers!
Correction before wave 5Hello traders,
I believe we're in a short term correction (wave 4) which would probably settle around the trendline near .08 cents before we continue heading higher. I think we'll head upwards of .16 cents after the correction however, we could push higher, we'll just need to wait and see. After wave 5 I suspect there will be a nice ABC correction with an opportunity to buy back in at discounted prices.
This is not financial advice, do your own research and trade at your own risk.
How do you think the charts will play out over the next week or 2?
HBAR/USD - Watch for correction!After a great parabolic rise, HBAR is now looking to correct with a bearish RSI divergence and a falling MACD histogram (see yellow lines). On daily we are also overextended, so probably a good time to explore some cooldown in price.
Targets are on the chart. Once we break the parabola, the up-trend will be stopped and we may fall.
My bias is bearish. We should know by tomorrow if this is confirmed.
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HBAR 1D Great potential for a profitable mid-term tradeIn 2019, Hedera Hashgraph was named a revolutionary project that aims to create a qualitatively new technology that is an alternative to the ubiquitous classic blockchain format. It is based on the DAG technology, which allows you to record operations not in a chain, but in the form of a specific grid created using an acyclic graph.
As a result, the creation and launch of decentralized applications based on the Hedera Hashgraph project had to receive a number of special characteristics.
But then the project failed, as well as the cost of the token.
Today HBARUSDT is gaining popularity and trading volumes again. The main reason can be called the launch of Testnet v0.11.0 on 21 January 2021, 18:00 UTC.
Perhaps HBAR uses the second chance to shoot in full, and the hype around the Defi sector can help this.
If we look at the chart of the HBARUSD pair, we can clearly see the long-term accumulation of the coin during 9 months of 2020.
Anyone who has accumulated a coin for so long clearly has plans for big earnings.
We consider $0.062-0.078 to be the ideal zone for buying a long position for a medium-term trade, where we expect a correctional rollback from the current figures.
Global targets for long sales are in the zone of $0.289-0.394, with the upper level of the zone quite realistic to reach.
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HBAR FIRST WEEKLY CLOSE ABOVE RESISTANCE!I'll cut straight to the point as this is a super exciting development for Hbar. You will notice the debut week in September 2019 it plummeted down to just 3.8 cents. Since then it has tried multiple times to go higher only to find rejection at the $0.054 level. Wicks have gotten above it but no body candle.
Well, for the first time ever the weekly close that just happened minutes ago managed to close ABOVE (purple line) resistance! This is super bullish and I expect fireworks for upwards movement in price the next 2 weeks. The train is ready to leave the station to higher price levels.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
These lines are still hot !!Since my post "HBAR - a phantastic second chance" 28 dec 2020 we are already up more than 100% !!
Volume has confirmed break out and bull run for HBAR !
On the first page of CoinmarketCap Hedera today has the show !!
We are just at the beginning of a massive bullrun for Hedera !
Considering the MASSIVE partnerships (LG - GOOGLE - BOEING - D-TELEKOM - SWISSCOM - ...) this coin is still massively undervalued !!
Today it touched the white dotted resistance line ! This line is still hot. Maybe you will get another good entry point in the following hours / days !
Imminent Break-OutHBAR has consolidated around the .05 mark for a few days now and is likely to see a nice push up here. Once we clear the orange triangle, I expect to see a pull back to confirm support and then a rather strong move up to .025 area. HBAR is becoming less and less affected by the BTC market so I expect support (around the .05 area) to hold even if BTC dumps to 29k area. As discussed in my previous post, I believe HBAR will be an eventual top 10 coin, that said long term entries here are great as we likely won't see these prices EVER again. Pop some popcorn and enjoy the fireworks, things are about to get interesting!
This is not financial advice, please do your own research.
HBAR / USD - Cup and Handle FormingHBAR has been in a long consolidation after the so-called Google pump. It has actually held up quite well over time.
As we know, the longer these consolidation periods get drawn out, the more this increases the potential for larger moves. I believe we are forming a cup and handle, and have laid out conservative targets for the near term, but believe it could go significantly higher over time.
A break below 2.7 cents may invalidate this, but HBAR also has done quite a few fake-outs in the past. I've been wrong in charting HBAR quite a few times in the past, but long-term this is one of the few "cryptocurrencies" (DLT is the proper term here) that I believe has real potential in the future to pull a move like litecoin, ethereum, and xrp did in 2017. It has one of the best foundations in the space, with major corporations involved and a brilliant programmer behind its architecture. Look up founder Leemon Baird's talk at Harvard about the technology on Youtube:
www.youtube.com - here's a link to it
Two weeks ago, Hedera Hashgraph was used in a real world scenario to anchor an airstrike early-warning system for Syria. This was done through Hala Systems, a top disaster prevention platform which adopted the technology for use. This is a real world use in a system that needs to be insanely fast and incredibly secure, and they chose HBAR to run it on. Additionally, 5 days ago DLA Piper launched a new security tokenization platform utilizing Hedera. I believe it will be used for much more in the future. It has the potential for use in securing and modernizing elections, and it may remove much of the need for servers by turning every home computer into a cloud which sends data via secure HBAR "packets", and could therefore change the way we use the internet.
The most BULLISH Chart in CRYPTO!This is just my thoughts on the most bullish chart in crypto. HBAR will probably be listed on coinbase and many other major exchanges once they complete their Rosetta Integration. The token has been asleep for now and anything under .04 is a great long term accumulation in my opinion. The targets posted in the chart are conservative and only represent the first impulse, HBAR can and will go much higher and I personally believe HBAR will a top 10 coin by the end of 2021. The token is unlike any other in the industry.
The targets listed top out at 45 cents USD per HBAR with BTC @ $30k
Looking at the broader crypto market, at the end of the cycle, I believe BTC will be down to 15% market dominance and top out around $80k USD (1.4T marketcap). Given those figures, I project the crypto market as a whole to be between 9 and 10 trillion USD. I believe ETH will hit 20k per coin and also top 2.4T market cap. When you remove the ETH and BTC marketcap from the total market cap, there's about 5T left over of marketcap spread among the rest of the coins. When you compare the remaining 8 coins in the top 10 to the rest of the market historically you'll notice that those coins consume about 81% of the remaining market cap. If I'm correct and there's roughly 5T of marketcap left over when you remove BTC and ETH, the remaining 8 coins should account for about $4T (80% of $5T). Even on the low end of the top 10, HBAR could have a marketcap well north of 300 billion USD. Given the amount of tokens that will be in circulation by then (roughly 9 billion), that would create a token price of HBAR north of $30 USD. From these prices, that would represent an 877 times return on your investment.
I realize this is sheer conjecture but, it IS in the realm of possibility. HBAR has the best partnerships in the community, better technology then any other crypto and the THE ONLY A-byzantine fault tolerant crypto on the market. There is a tremendous amount of development being done on HBAR too. Hedara currently ranks #2 for enterprise crypto projects by Blocknomy blocknomy.net and also rank as the 6th best project overall! Enterprise solutions are where the major adoption will take place, BTC is a store of value and ETH has scaling issues (both have flaws) HBAR seems to solve all of those issues and more.
Obviously this is only MY thoughts on the market and NOT financial advice, please do your own research.
Please take a moment and let me know your thoughts on the crypto market and where you see things going at the end of this cycle. How high do you think HBAR will get?
HBAR / BTC - 4H Beautiful Triple Bottom FormingBeautiful bottom forming on HBAR / BTC pair right now. These things don't always play out as planned, but a triple bottom is a really strong pattern if confirmed w/ a break above 163 sats. The bottom forming here could also be called an Adam and Eve pattern, which is interesting because the USD chart is printing an Eve and Adam pattern (both bullish).
For the sake of publishing this - I drew a couple of very short term targets if this occurs, but I think it has room to go much higher. I feel like we'll revisit 497-517 sats, and potentially revisit previous highs around 7-800s or exceed it. Bitcoin can ruin everything as usual, so keep an eye on it, and keep an eye on BTC dominance.
The weekly candlestick chart shows a double bottom forming - the last two weekly candles on the chart.
The USD pair looks incredible as well:
Full disclosure - I've been wrong more times than correct in attempting to chart HBAR; where my other charts have had a lot more success. That said, HBAR is my longest term bet because I personally believe in the project / team. Any movement down has been accumulation for me, so I'm happy either way it goes.
HBAR / BTC - Possible Eve & Adam Double BottomNotes on the chart, see USD pair charts below, zoomed in here: