HBARUSDT
HBAR / USD - Showing Good Chance to go ParabolicHBAR / USD has formed a strong parallel uptrend and it keeps making attempts to break up and out of that trend. Recall that, the more knocks at the door, the better chance at breaking through that door. This is usually said about getting past a resistance (or support), but also applies with parallel channels.
That said, its absolutely possible that we can test the bottom of our channel again before seeing a move up and out.
BTC pair looks even stronger after double-bottoming on the all-time chart and moving back up. We're not even halfway to our old highs vs BTC and may have a shot at breaking it. Should either of those two things occur, the USD price of HBAR could easily do 2-5x from here.
On the chance we move back down and revisit bottom again against BTC, that would give us a triple bottom and send us even higher than expected now. In case you haven't noticed, i'm super bullish on HBAR.
Channel drawn based on 30 min line chart, and then viewed above on daily candle:
Hedera Hashgraph (HBAR) USDT BreakoutFalling wedge breakout with a nice bull flag. Expecting $0.17 and $0.19 ish targets. Blue line is the previously broken weekly trend. Closing 4h candle below this line should be considered as stop loss signal. Jumping in after breaking and testing the $0.155 resistance zone may be safer tho. Looking for nice volume bars to confirm.
HBAR / USD - Update - moving closer to 19-22 centsFirst, we broke our previous all-time high, it was tested and became new support. Then we broke our resistance above that, it's been tested and has become support. We've broken out of the green logarithmic channel and re-tested the top of that channel. The purple channel is our next test, which would take us up to 19-22 cents.
With each move up lately, we're also forming little cup and handles. That appears to be happening again now, no drawing needed to see it.
This particular move up came with news that Quantstamp was working with HBAR on an NFT protocol that is very similar to that of Ethereum's most widely adopted, yet at a cost savings of 8000%. Also, two new major companies have recently been added to the governing council, which you can check on their website or twitter page. HBAR has outperformed Ethereum's daily transactions within 9 months of having launched the Hedera Consensus Service, and more recently launched the Hedera Token Service with a goal to tokenize everything using NFTs.
If we break up and out of that channel, significantly higher targets come into play, first 33-40 cents. Though presently, I'm still targeting 19-22 cents.
Related ideas linked below.
HBAR has already made its correction in the diary. Let's go up!Technical analysis regarding the price of HEDERA HASHGRAPH in relation of dollar Binance for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
HBAR / USDT - Daily ATH Flipped and now acting as SupportHBAR / USDT or USD's previous all-time high has been breached, re-tested and is now our new support. We're now testing the top of a smaller channel and I believe heading to the top of this potential larger channel. This is the logarithmic line chart. Volume is growing with price, which is a good sign we'll continue to move upwards. As always, keep an eye on Bitcoin and Bitcoin Dominance, as it can destroy even the best of setups with alts.
News:
Hedera Hashgraph launched Hedera Token Service, a non-fungible token service running on Hashgraph, yesterday to become a realistic competitor to Ethereum.
It has also surpassed Ethereum's daily transactions within 9 months of having launched Hedera Consensus Service.
Target:
TP 1 - is around 20-24 cents area, 22-23 cents seems like a solid target.
TP 2 - Not listed on the chart - long-term I'm targeting 30-40 cents.
Others have recently predicted north of a dollar, to as high as 3-5 dollars. I'm not yet convinced it will go that high, but will keep an eye and update if I believe that becomes a possibility.
HBAR / BTC & USDT Pairs - Breakout - Target 19-30 centsHedera Hashgraph has broken out following a double bottom on the weekly chart, a breakout and a bull flag.
Today the Hedera Token Service launched, opening competition with Ethereum in the Defi space and competition against all other competitors in the space, including CBDCs, cryptocurrency, DLT, Smart Contracts, etc.
Additionally:
- a rare sneaker service, called INIFITE by SUKU made the switch from ETH to Hedera Token Service for their non-fungible tokens and estimates an 8000% savings in token creation costs
- DLA Piper, an interational law firm is helping enterprises better issue tokenized assets through their platform TOKO, which runs on Hedera Token Service
- Calaxy is preparing to scale its Creator tokens to support millions of users via the Hedera Token Service
Also:
- An early warning air strike system in Syria is running on Hedera
- Tracking of Covid vaccinations in UK is running on Hedera
- Steven Speilberg chose Hedera to store Holocaust survivor testimonies on the "blockchain" (or digital ledger, to be more precise)
HBARUSDTHBAR is still going to be bullish and has no aim to lose its bullish power and wants to hits new ATH it just needs a good correction or sideway area
if it loses the green trend line could make the bullish weaker and maybe go bearish too but till that moment the HBAR is bullish for sure and all the red candles are just a rest for hitting more values
HBAR / USDT - Parallel Channel on Logarithmic Line ChartThis is the USDT or USD logarithmic line chart for HBAR, potentially the overall pattern for HBAR has us in a parallel channel that looks something like this. Our trend with rising volume also supports this sort of growth.
We should see a top target around 22.9 cents on the line chart, with a candle wick may shoot up to as high as 30-40 cents. If we break well above the channel and hold, we could move much higher.
See previous related HBAR ideas linked below. I believe we're following patterns comparable to early LTC and/or early LINK (which we're actually performing better than at the moment).
Symmetrical triangle for $HBARThis triangle has formed over the past 6 days and is coming to the apex of the traingle. Can we confirm a breakout to the upside? If we break out of the upper trend line then I expect another 50-75% leg up over the coming week. This is invalidated if we bleed through the lower trend line.
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!
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?
💡 Don't miss the great buy opportunity in Hedera HashgraphTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0775). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Hedera Hashgraph HBARUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 85.
Take Profits:
TP1= @ 0.1100
TP2= @ 0.1250
TP3= @ 0.1374
TP4= @ 0.1661
TP5= @ 0.2118
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️