Remains Bullish Above the WedgeHBAR will remain bullish as long as it remains above the wedge it broke out of. This is a re-draw of the previously posted wedge that I think makes a bit more sense.
Should it stop moving down anywhere above or within the green box, I'll expect it to continue up towards targets marked on the chart above - TP 1 and 2.
HBARUSD
HBARUSD: Is ahead of a big long term bullish breakout.HBARUSD is above its 1D MA50 but still inside the February Channel Down, restrained under the 1D MA200 but with the 1D technicals bullish (RSI = 62.752, MACD = 0.001, ADX = 27.218). The 1D MA200 has been unbroken since May 2nd so it is our technical trigger. A cross over it, will be a buy entry, targeting the 0.618 Fibonacci level (TP = 0.0700). An early bullish indication comes from the 1D MACD, which is turning upwards in contrast with the sequence on the last bullish leg that turned downwards on April 17th.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
Possible Dips before a Move UpThis is a 4h view of the daily chart, which has already broken out of a falling wedge. That breakout has created a smaller falling wedge as it has re-tested the top of the daily wedge multiple times since breaking above it.
Following its initial breakout, it formed and inverted head and shoulders, and looked ready for a bullish move up. That pattern failed and we've since moved down to the failed HSi's TP1.
From here, if there are any further dips and we don't just break out of the smaller wedge, I expect we'll do something like what is shown above:
Option 1 - A symmetrical right shoulder that drops down to around 4.5 cents and then moves up
Option 2 - Continuation of the inverted HS and a move down to its TP 2, for a final re-test at the top of the daily wedge, and then a move up
Here's a zoom out to the daily chart and the larger wedge break:
See related idea in the link below.
Trade Alert - Long Hedera HashgraphI know, I know. Very last post. The title of my video, “Now is not the time to be buying altcoins”. And I do stand by that statement for the most part. Because for the most part many of the larger cap alts (which is mainly what I trade in a bear market) do employ a variant of the PoS mechanism. And this is really what the SEC has been targeting at the moment, minus Ethereum for some unknown reason. Hedera is not a traditional blockchain and does not use either PoW or PoS. Hedera Hashgraph is a distributed ledger technology that aims to provide a secure, fast, and fair platform for decentralized applications. To accomplish this, Hedera Hashgraph employs a consensus algorithm called "hashgraph." This algorithm enables high transaction throughput by leveraging a directed acyclic graph (DAG) structure, where each transaction is represented as an event. These events are then asynchronously gossiped among network nodes, forming a shared history of all transactions. By utilizing a gossip protocol and virtual voting, hashgraph achieves consensus on the order and validity of transactions. Moreover, Hedera Hashgraph incorporates a governance model to ensure decentralization and fair decision-making. The technology offers potential benefits for applications requiring speed, security, and scalability, such as decentralized finance, supply chain management, and social networks.
Now, that I have touched a bit on the fundamentals in hopes of helping to justify my trade :-) let’s quickly look at the technicals.
Hedera has reached the end of a bullish descending wedge which also runs into some very solid support at .044. Should this break then, yes, we’ll probably drop down to that next level at .036. But odds are in our favor here that we go up instead. I’ll be shooting for that 200 day ma which, right now, sits at .058. My stop out will be right around .0415.
Let’s go!
Stew
Previous Pattern Targets vs. Possible Path Back to Top or BottomHBAR made two major wedge patterns that hit pattern targets with incredible accuracy.
First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x.
Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited.
Let's see if it makes a 3rd wedge that, when exited in either direction, may revisit weekly top or hit all-time low on a 2x measured move in either scenario; potentially creating a double-top or a double-bottom at its completion.
HBARUSD ❕ descending trendThe rebound has already been worked off and the price has not formed any reversal patterns.
On the main timeframes, the chart is under the 50 and 200 EMAs.
The RSI indicator is also signaling a continuation of the downward movement.
I believe that the asset will continue to decline.
Bad news for HBAR (1W)Hi, 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
HBAR Could Move into Weekly ResistanceHBAR could move into weekly resistance if it continues to hold the top of weekly support, if it crosses and remains above the yellow neckline shown on the chart above.
If it doesn't just move up from here, it may move back down towards its previous low at the brighter green / stronger area of weekly support. If it does that first instead, I would expect a stronger move up than shown here.
Keep an eye on DXY as it could affect things positively or negatively, long-term:
Also, pay attention to HBAR's bitcoin pairing, it is also at the top of weekly support and in between that and its weekly resistance. It had a long wick down into weekly support so it could drop more, depending on how it moves against Bitcoin and what Bitcoin does:
Decision Time for HBARHBAR should be making a decision here soon. To reach targets it needs to cross the neckline above and hold above it (approx 9-10 cents). If successful, the next move should target somewhere in the middle of weekly resistance.
Alternative decisions:
- a move back down to weekly support or even back down to the stronger section of that around 3.7 - 4 cents
- drag out sideways (HBAR loves to do this)
HEDERA HBAR price can growth +100%-300%Hedera's price is now in an interesting liquidity zone.
Previously, the HBARUSDT trading chart showed the following: whoever controls the liquidity zone of 0.055-0.065$ organizes a powerful impulse in the direction they are interested in.
Since it now looks like buyers are trying to keep the price at the liquidity zone retest and not let it go lower, it means that they are the ones who are "calling the tune". That is, the chance for an x2 move on the blue route looks quite promising.
However, it is worth remembering that at the same time, the BTCUSDT price is currently in a critical zone.
In the event of a breakout to the downside, altcoins will definitely repeat the movement of the BTC price, even if it is short-term. This is the white scenario for the HBAR price.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
HBAR as a Good Example of Common Patterns & Measured MovesHBAR presents a good example of how simple market pattern trading using measured moves still work quite well.
As these are moves in crypto, the measured targets exceed recommended lengths for a typical pattern trade, yet still line up quite well in continuing to use the same measurements beyond 1x -> 1.5 or 2x.
First, a parallel channel containing a double-bottom, saw a nearly 4x measured move up on the weekly. Its highest wick, breaking 4x.
Then a rising wedge that could also be called a double-top, worked out for a nearly 2.5x measured move down back into weekly support; stopping inches above the stronger area of support near the bottom.
Also, if you look at HBAR's most recent weekly highs, they stopped right around the 1x measured target of the upward move, and is now pushing on the 1.5x measured target of the downward move.
Both measurements are still providing direction on where price might make pit-stops.
Probably probability We know the markets aren’t base solely on probability but it’s good to keep it in mind.
When looking at this graphs we see there is good probability that we will see a bull run to chase after our recent BTC and ETH bull runs. The probability is good seeing as how we see have a decent bottom and the volume is picking up.
Already at a 15% increase not bad for 3 days
Entry around $0.065
Could see some selling around $0.10
But strong movements are to come
Strong resistance at $0.20
Bitcoin went up nearly 75% let’s watch these smaller coins follow its lead
Good luck and have fun with it!
HBARUSD has enormous upside potentialHedera (HBARUSD) broke today above its 1D MA50 (blue trend-line) again for the first time in 1 month (March 01). It is still inside the High Volatility Zone that is holding since June 2022. A break above it targets initially the 0.5 Fibonacci level as the February 12 High did and then a Higher High most likely on Resistance 1 (0.11000) or even the 0.618 Fib. Any pull-back after those can be re-bought as the Channel Up that started on the November bottom, ultimately targets the 0.786 Fib at $0.17500.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
#HBAR/USDT Technical Analysis: Bullish Long-Term Outlook HBAR Technical Analysis: Bullish Long-Term Outlook Despite Short-Term Correction Expected:-
Based on the technical analysis, HBAR is currently trading at $0.072, representing a 100% gain from the recent bottom and a 170% increase from the previous low within the last two months. However, the chart indicates that $0.1 is a strong resistance level, and there is strong rejection from this level.
Furthermore, today marks the unlocking of 3 billion HBAR tokens, which could be perceived as negative news for current holders. There is a fear that those who have been holding these tokens for a long time may sell them in the market, resulting in a further decline in HBAR's price. Therefore, it is advisable to stay away from HBAR in the coming days.
As per the technical analysis, a 15-20% correction from the current level is expected, and HBAR may test the $0.05 level in the near future. However, in the long term, the outlook for HBAR is bullish, and it is recommended to accumulate it during significant dips.
The Fib retracement level shows that the 0.618 Fib retracement support is also at the $0.05 level, which implies that there could be a bounce from that point.
The upper side targets are considered to be the resistance levels, which are $0.1, $0.177, and $0.44. On the other hand, the support levels are $0.05 and $0.037.
If you appreciate my hard work and analysis, please like, share and comment. Kindly follow me for any latest updates. Thank you.
Hedera Takes on Carbon Neutrality and Growing App Ecosystem🌍📈Hedera (HBAR) Marketplace: Enterprise Solutions and Funding for Sustainable Development, DeFi, and Metaverse 🔥📈💰
The Hedera Governing Council is responsible for managing the network and consists of 39 highly diversified organizations and enterprises representing 11 unique sectors 🌍, including IBM, Google, Boeing, Deutsche Telekom, LG Electronics, Dell, Nomura, Standard Bank, Ubisoft, and more.
The HBAR Foundation is an organization that promotes the development of the Hedera ecosystem 🌱. The Foundation provides grants and other resources to startups, enterprises, and organizations that aim to launch applications in the areas of sustainable development ♻️, decentralized finance (DeFi) 💰, Fintech 💳, Metaverse 🌌, and other sectors. It has huge financial resources 💰💰, including a $100 million sustainable development fund ♻️, a $155 million DeFi-oriented fund 💰, and a $250 million Metaverse-oriented fund 🌌.
HBAR Foundation Awards Over $400 Million in Grants to Support 225 Projects
➖ In 2022, the HBAR Foundation awarded over $400 million in grants to support the development of 225 projects, with each dollar allocated to a specific purpose. Over 90% of the funding is tied to the completion of clearly defined project development stages. In the same year, the HBAR Foundation received almost 1,300 grant applications, which is more than 100 applications per month, indicating strong interest from developers and a growing ecosystem.
➖ In February 2022, the Smart Contracts 2.0 service was launched, bringing Ethereum Virtual Machine (EVM) compatibility and Solidity-based functionality to Hedera.
➖ In September 2022, LG (a member of the Hedera Governing Council) announced the launch of LG Art Lab, an NFT marketplace based on Hedera that allows LG SmartTV owners to find, buy, and sell Hedera NFTs directly on their TVs.
Exploring the Future of Tokenizing Investment Funds: abrdn and Hedera Partnership
🔎 Another member of the Hedera Governing Council, Scottish asset management company abrdn (managing £508 billion), is exploring the future prospects of tokenizing investment funds using Hedera for listing on digital exchanges.
👥 The project's leadership positions are held by individuals with experience working in leading corporations and government institutions. Recently, Nilmini Rubin was appointed Head of Global Policy, who previously worked as Director of International Finance at the US National Security Council.
Hedera Takes Lead in Carbon Neutrality and Prepares for Major Expansion in Q1 2023 🔥💰💻
🌱💰 Hedera, a regular attendee of the Davos Forum, has announced that environmental sustainability is now its primary value. The network has officially committed to operating with a negative carbon footprint, purchasing carbon offsets on a quarterly basis determined by Terrapass.
💰💰 HBAR, the native cryptocurrency of the Hedera network, has a fixed supply of 50 billion coins, with 26.35 billion currently in circulation. The Hedera Treasury distributes HBAR on a quarterly basis according to a distribution schedule that runs until 2025.
🚀 Hedera's Growth and Sustainability Initiatives 🌿🌍💹
In 2022, Hedera launched staking, reducing the number of coins in circulation. By the end of the year, 31.3 billion HBAR had been staked. The HBAR Foundation expects nearly 80 projects to be launched on the Hedera network by the end of Q1 2023, compared to only 89 applications at the end of 2022.
While only 89 applications are currently active on the Hedera network, 45% of them are grant recipients. This small number is offset by the rapid development of these projects, as most grants were only awarded in 2022. With the adoption of the Ethereum virtual machine, Hedera's expansion is set to accelerate.