Hedera
Breakout for $HBAR ? This is my first idea ever.. ! HBAR seeing some strong support this morning and breaking a downward trend. The last recent high was around $0.06 and most of the fall to $0.03 was due to a market-wide pull back. I believe we will target back toward $0.06 very quickly, assuming the overall market stays strong.
HBAR-BTC LONG 🚀Hedera Hashgraph, what can I say…
This coin has had a lot of hype that is warranted.
Back in February Google Cloud announced it was working with Hedara Hashgraph on Distributed Ledger Technology.
The announcement of that news shot the price up 300%!
Many months and alt cycles later, HBAR has not had the gains many of the other alts had recently, posting just 25% since the lows of May.
In terms of Binance alt coins, HBAR-BTC has not performed as well as the other stars of this cycle.
Moreover, working with companies like Google and IBM is not something a lot of crypto companies can achieve.
On the TA side, HBAR has been in a downtrend since its all time highs, right before the Black Thursday event in March where all markets took a hit.
The downtrend is about to break, and can be a potential entry for a breakout.
If the breakout happens, we have two targets 480 and 530 .
If we can clear both resistance levels, a shot up to 800 could be feasible.
If price goes below 400 , I would consider cutting loses...
We may be at the end of this alt cycle powered by DeFi hype, but any catalyst can send HBAR up multiple x!
Short-term bearish. Compression wedge breakout to the downside**Not financial advice** **DYOR** **Seek professional advice before making any investment decision***
Previous compression wedge predicted bullish breakout to the upside. Tightening and breakout did occur, but in the downward direction. There may be further short-term bearishness, testing one, maybe two key support levels as shown. Remain very bullish over the medium term and long term on this understated technology that not many know about. Internally, another announcement could quickly change the market dynamics. Externally, the influence of first gen ledgers like Bitcoin remains, and could quickly change market dynamics.
Potential for macro Cup & Handle pattern to form.** Not financial advice ** **DYOR** The above diagram shows a potential playing out of a Cup & Handle pattern. Entry point only when the pattern is confirmed to have formed. On successful appearance of Cup & Handle pattern; expect grinding out for a while before upwards price discovery well beyond SAFT3.
Is HBAR doing the same as LINK did?HBAR had a golden cross when the Google News came out. Since the push, it retraced, only to hit the Golden Cross Emas.
The uptrend line looks exactly the same as the one on LINK (both uptrend lines to be drawn ignoring the false escape early on the uptrend).
LINK had the support from the big W which you can see from your proper eye. HBAR had the support from recent support line / resistance wick.
The targets could be way higher than I expected them to be at first.
HBARUSDT - 20-30% ExplosionI expect this one to move at least 20-30% to around 0.046-0.050$ target.
From there, we have to reevaluate, it may be the start of another leg up too.
After the google hype it cooled down a bit to the 0.382 Fibonacci. From here, we have a chance to make a move, depending on what BTCUSD is doing.
//The PINK line is from yesterday, don't look at it :)
HBAR super highHBAR grown by 578% since my Premium channel signal. Sure I didn't expect such a pump and it overgrown all the targets I could possibly think of =)
When people hear words "partnership" and "Google" together, it makes them crazy )))
Now time for retracement. Or not? Google, google, google, keep up reminding myself that magic word. But not buying here for sure. My bet is on retracement, as we should sell the news, not buy them.
But even with short position, I feel very bullish about this coin. It will grow high. So it is long term hodl.
Bullish for 3rd-gen enterprise ledger tech**For entertainment purposes only**
Steady linear downward trend since launch day ($0.10 to $0.12).
Tightening price range. Bullish pressure release.
Initial target price is $0.10
Strong technology fundamentals. Strong leadership and governance. Hedera has a zero-to-one business model.
HBAR/BTC 1D (Binance) Broke-out of falling wedgeHedera Hashgraph is looking quite good for mid-term after this breakout and pullback.
The road to last triangle support (became resistance) is just starting, set-up:
Entry= 0.00000127 - 0.00000135
Take Profit= 0.00000163 - 0.00000195 - 0.0000259
Stop Loss= 0.00000099 or below
Risk/Reward Ratio= 1:1 - 1:2 - 1:4
HBAR UpdateBy taking use of an old trick, we can now pinpoint HBAR's main performing formation, as 'Descending Channel'. We do that by connecting 2-point axis lines at exact 'open' and 'close' coordinates to imitate continuous performance into the future (see below). This method can be traced back to the 18th century of Japanese rice trade, where the usage of candlesticks originates from.
Step-Line 2-point axis connection for higher precision:
Moving to the fun part: expect a massive price surge once (and if ) performance has passed the 'century'-VWAP level. This makes finding the bottom even more important – which I personally believe to be around half a cent (0.005). We'll be able to determine a more precise level once the next SAR point breaks (should be any day now). We will then be able to mirror the entire SAR series' drop of -56%, from that point downward, to determine an approximate "strong oversold" area, or in other words "the bottom". This area could be strategically used to place downward incremental buy-orders. A recent buy order of some 10+ million shares @ 0.01 (roughly $100k worth) was registered, showing how quickly word is spreading about HBAR.
Key level is the intersecting level between the (blue) intermediate downward channel and the lower main channel trend-line. Breaking this level is an indication for a continuation and an exit below the channel, where bullish accumulation can begin. Take note that HBAR could produce 'wicks' as high as the 20MA or slightly below the 50MA, but performance should remain 'intermediate channel'-bound (blue).
NOTE:
Considering all the bullish facts that Hedera Hashgraph boasts, it's imperative that you understand – the implications for – and problems with – "virgin" stocks or currencies, which have just recently started trade. This analysis was made using nearly 20y of experience in chart-analysis, and still, I'd like you to take this as an "idea" only (as all TradingView posts imply). This type of trade is extremely difficult to foretell and falls under the category of "high-risk", meaning that we only know what we know. Hidden factors (if there are any) cannot be calculated into this chart. Therefor I implore you to do your own due diligence parallel to this analysis and base your potential HBAR-trades with your own confidence, not with mine. In addition: as you know, price change is famously tied to supply and demand. If demand rises out of proportion prematurely, prices could start rising outside of these technical boundaries, potentially causing you (and us all) to "miss the train".
This post will be updated continuously when mentionable changes can be observed.