If the current pattern plays out, HBAR could see 50% gains...HBAR is showing a very interesting pattern on the daily chart, and if it plays out properly, the price could appreciate by 50% in short order. With the right entry, this could become your best leveraged trade of the year.
Good luck, and always use a stop-loss!
HBARUSD
HBAR looks to be forming a nice Cup & Handle pattern!HBAR has been on an absolute tear as of late, but it appears that the momentum is slowing. If it does, it is likely to pull back deeper into the wedge pattern and is also likely to form a 'handle' pattern to accompany the cup it has now formed. This would be a great opportunity to short as the handle forms and go long once it has bottomed and the price action breaks out, finishing the pattern.
Good luck, and always use a stop loss!
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 BREAKOUT APPEARS IMMINENT! A major breakout appears to be imminent for HBAR! If you’ve seen the most recent HBAR chart I posted, you'll notice that HBAR is now at the very bottom of the handle in a 31-month Cup & Handle formation on the weekly and daily charts. Additionally, HBAR has formed and broken out of a very promising inverted head and shoulders pattern on the 1-hour, 2-hour, 3-hour, and 4-hour charts, and is currently retesting the neckline as I write this article. It is also near the bottom of the wedge pattern and very close to the previously established low range on the chart.
I believe we are about to see a significant breakout in the next few days, which could lead to a period of notable price appreciation in the short term. With the Cup & Handle pattern I’ve identified, this trend could continue over the next year as well.
Good luck, and always use a stop loss!
HBAR is forming a MASSIVE 31 MONTH Cup & Handle!For the past 31 months, HBAR has been forming a massive Cup & Handle formation on the daily and weekly charts. The Fibonacci retracement levels indicate that we could see a 6x move in the next 8 to 12 months. There are quite a few cryptocurrencies displaying Cup & Handle patterns on longer-term timeframes, which is a very positive sign that we are about to see a market-wide bull run during that period.
Good luck, and always use a stop loss!
HBAR (Hedera Hashgraph): Falling WedgeTrade setup : Price remains in a downtrend. It broke below $0.06 support, which held in early July, and made another Lower Low of $0.045 support. It's now trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Previously, price got a boost from news that BlackRock will leverage Hedera Blockchain to tokenize its money market fund.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.045. Nearest Resistance Zone is $0.07, then $0.10.
Repeating Pattern Idea for HBAR Daily ChartLooks like we're repeating the same pattern that we did before the last leg up that moved from 4 cents to 10.
May not actually play out exactly the same, so timing a move up to Sept or November isn't necessarily what will occur.
That said, if this idea is correct - we've already gotten the LL and a re-test of the previous HL.
So, when we finally break out and hold above the area of that HL, expect the move up to begin - regardless of whether we re-test the LL a 2nd time, which hasn't yet occurred this time.
HBAR: Approaching SupportTrade setup : Price broke below $0.10 support and 200-day moving average, which signaled resumption of downtrend. Price got oversold (RSI < 30) as it reached $0.07 support and bounced up. However, it needs to break back above 200-day MA to signal resumption of Uptrend. Previously, price got a boost from news that BlackRock will leverage Hedera Blockchain to tokenize its money market fund.
Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.07. Nearest Resistance Zone is $0.124, then $0.14.
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/USDT The main trend (the whole trading history). Pivot zoneLogarithm. The time frame is 1 week. An idea for understanding the underlying trend and cycles.
The coin is the 30th most capitalized coin according to coinmarketcap as of September 9 (9 11), 2023.
The large time interval and long history of the chart shows not only the cyclicality of the past, but also the more likely future. This idea makes it clear how important for the market (not only for this cryptocurrency) this time zone is, which will determine the further development of the long-term trend.
Many for some reason consider a separate altcoin separately from the whole market and are sure that its trend should be different from the general direction of the market (stock, bitcoin), this is an extremely wrong approach.
It is worth noting that quite a few large wallets of this cryptocurrency have been created over the past few months. Whether people accumulating this asset will be right or wrong, only time will tell. Everything will be decided in the coming months.
Line chart.
HBAR testing previously resistance turned support - LONGIn a bull market, we can have x150 but ONLY IF you can survive 30%, 50%, even 75% drops
If not convinced, just check out the huge pull backs during DOGE's last bull market.
Now, it means that IF you survive, you WILL make money.
Don't use too much leverage & Don't FOMO. Simple & Easy
HBAR / weekly
It is HEALTHY that we are re-testing the green zone which was red (resistance) for 2 years.
And it is still more than +200% up since the lows in late 2022.
Relax & BTFD
Set a high HBARHBAR is looking good on the daily chart. We have tested a local support and rejected north.
RSI is still oversold and appears to have started trending up. Fib extensions are targets, also marked by horizontal ones.
R:R 1:13
stoploss below second support marked in red
This is NFA
Do your own DD
Good luck!
Hedera HBAR price artificially "pumped", wait a minute..and readYesterday, on 23 April, HBAR Foundation, the company that developed the #Hedera blockchain, tokenised the US Treasury Money Market Fund (MMF) from BlackRock.
After this "announcement", the CRYPTOCAP:HBAR token grew by +125%.
Based on the "announcement," the crypto community decided that BlackRock had entered into a partnership agreement with Hedera. This was indicated by the attached pictures and videos with company logos on Twitter.
However, BlackRock did not take any part in the MMF tokenisation. This "coincidence" caused confusion on social media and a good sharp #HBARUSDT price pump
Personally, we would not buy HBAR now, but would wait for confirmation. If this is not a well-planned manipulative "coincidence" but a real event, then the #HBARUSD price should not be fall below $0.08-0.09
You can buy HBAR there, of course, if you believe in the prospects of this project, with expectations of at least x4-x5 growth.
P.S.: you need to prepare your psyche and critical thinking for the bull run 24-25)
Because in 2017, "such" tweets came out almost every day and kindly pumped various coins.
Hbar just hit the breakout target of the teal channelAfter the bullish news connecting hedara hashgraph with blackrock hbar saw a massive bullish impulse today reaching the full breakout target of this teal channel and then some. If it does an inverse Bart move here expect it to go considerably higher but for now the initial target has been hit so pullbacks, corrections, or consolidations are always possible before the enxt leg up. *not financial advice*