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.
HBARUSDT
HBAR could have completed long-term ABC correctionBased on the Elliott Wave theory, it seems that HBARUSDT has been undergoing an ABC corrective pattern throughout the past two months. The correction has ended right at the previous supply area, which has transformed into a demand zone.
Therefore, it is reasonable to assume that buyers are starting to be active from the current price and we expect quite a rally from this coin. By the way, out buy signal has triggered, with precise stop loss and exit price.
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/USDT Will It Bounce at the Crucial $0.0985 Demand Area?💎 HBAR is showing some notable activity, with a potential retest on the horizon at the demand area around $0.0985.
💎 The key question is whether it will bounce up from this level or break through it. Historically, HBAR has often bounced back upon reaching this area, suggesting it might repeat this pattern.
💎 For HBAR to continue its upward journey, it must overcome the resistance at $0.124. Failure to breach this resistance could send the price back down as it gathers momentum for another try.
💎 On the downside, if the demand area fails to support HBAR and it breaks through, we could see it move towards the Bullish Order Block (OB) area to gather significant momentum, similar to previous patterns. HBAR must maintain above the OB area, which is pivotal for its trajectory.
💎 The bullish scenario becomes invalid if HBAR closes a daily candle below the OB area at $0.0878. Such a move could signal further dips in the price.
MyCryptoParadise
iFeel the success🌴
$HBAR BULLISH ADAM & EVE PATTERNCRYPTOCAP:HBAR on TF1W looks bullish, currently we are retest EMA21 support and previously prices get boost to 100%++ after retest EMA21 support. besides that currently CRYPTOCAP:HBAR showing bullish ADAM & EVE chart pattern, hopefully this chart pattern will valid and price boost UP in couple weeks. #DYOR
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 LONG ENTRY#HBAR/USDT LONG ENTRY
Leverage: 3x
Entries: $0.11564
Take profit 1: $0.11931
Take profit 2: $0.12321
Take profit 3: $0.13747
Stop Loss: $0.10664
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:HBARUSDT.P
Thanks
The sroced.
HBAR Trading ScenarioWe're looking at how the price of HBAR has been moving recently.
After dropping to a low of $0.0666, it bounced back up to $0.1818. The growth was more than 170%. Then, the price dropped back down to $0.0903. Right now, the asset price is trying to strengthen.
As for now, the market is showing that sellers are in control, so we can probably expect the HBAR price to keep dropping. If you're looking to get in on this, you might want to consider buying when the price touches the 200-day moving average or when the volume level POC declines.
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
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 Support Breakout Trade Setup 🚀📈📊 Analysis:
Steady Support: HBAR has demonstrated resilience at the $0.10 support level over the past few days, indicating strong demand in this area.
Resistance Ahead: The next local resistance is at $0.117, a crucial level to watch for potential breakout confirmation.
Upside Potential: Clearing resistance at $0.117 could pave the way for a bullish rally towards $0.14 and $0.19.
📈 Trade Plan:
Entry: Consider entering a long position once HBAR clears and holds above the $0.117 resistance level.
Target: Set profit targets at $0.14 and $0.19, anticipating bullish momentum on a successful breakout.
Risk Management: Place stop-loss orders to manage risk, ensuring they are strategically placed below key support levels to mitigate potential losses.
💡 Note: Monitor price action closely for confirmation of breakout and adjust the trade plan accordingly. 📈💰 #HBAR #SupportBreakout 🚀📉