HBAR TRENDHbar trend analysis
HBAR is the native, energy-efficient cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications and protect the network from malicious actors. Developers use hbars to pay for network services, such as transferring hbars, managing fungible and non-fungible tokens, and logging data.
Hedera
HBAR perpetualLooking at widening channel here. Two possible longs positions iyam. FIrst has RR of 3,5, second has RR of over 7. Both stoplosses are 3 to 4% from entry.
Little risk, clear invalidation points. BIds placed for the first long, will be filled in coming hours or not if HBAR (and btc) decides to move directly out of the channel .
Hedera [HBAR] - Here comes.... "The Dip"Hedera - Here comes "The Dip"....
Good Value Area:
GREAT Value Area:
I've gone to the DARK side with my charts. Better for night time but better overall as well IMO. Just never took the time to figure it out till now, ha.
We'll see what HBAR does if it gets to the value areas and I'll throw a trade plan together and update. Worst case scenario is that it plummets and falls flat. No matter how impossible the worst case scenario may be, we always have to at least consider it and have a plan for what we would do in that situation. We don't want surprises. Nothing will surprise us if we've already considered it and prepared for it.
HBAR Sets New All Time High As Bulls Maintain Their Power-HBAR is up nearly 95% over the last week
-Price has formed an ascending channel
-25 MA has continued to act as support
Hedera Hashgraph (HBAR) has been outperforming the overall crypto market over the last week as prices have risen nearly 100% from $0.24 to $0.49. HBAR refers to itself as the “trust layer of the internet”. Hedera is a public network that allows individuals and businesses to create powerful decentralized applications (Dapps). HBAR has been growing in popularity & market cap rankings as its now the 39th largest cryptocurrency. HBAR was designed to be a fairer, more efficient system that eliminates the limitations that older blockchains face.
Ever since the large market fall that occurred on September 7th, HBAR has been on an immensely strong uptrend. This uptrend has pushed HBAR to a new all time high of $0.49. Throughout this period, HBAR has formed an ascending channel formation (shown in light blue). The top trend of this channel has acted as a major resistance as each time price has reached it, it has gotten rejected back down to the median line of the channel (shown in red). At the time of writing, HBAR is trading within a major resistance zone of $0.45-$0.486. If bulls manage to break & hold this zone, we should expect price to reach the target given.
Throughout this run up over the last week, HBAR has only touched the bottom trend of its ascending channel once. This shows that bulls are immensely in control as price continues to hug the top trend of its channel. At the time of writing, Hedera Hashgraph is trading above a minor support of $0.45. If bulls lose power & HBAR gets pulled below this mark, expect prices to drop to the major support of $0.423. If this level fails to hold, expect price to drop further to the major support of $0.389. This would bring HBAR to the bottom trend of its channel. Along with this trend lies the 25MA. This MA has held for nearly a week now & a break below will likely cause a bearish trend change.
While looking at the Stochastic RSI, we can see strength is now heading towards the overbought region. If strength continues higher & enters within this zone, HBAR may be in for a push to a new all time high. The MACD has been stuck within a linear uptrend for the past few days. This continues bullish until the blue MA crossed below the orange MA.
HBAR Intraday Analysis
Spot rate: $0.467
Trend: Bullish
Volatility: Medium
Support: $0.4527
Resistance: $0.486
HBAR / ETH - Looks like We've Bottomed vs. EthereumMassive gains against Ethereum are possible for Hedera Hashgraph in the coming weeks/months. We've triple bottomed here, and it looks like our all-time daily chart could make a giant inverted HS. We've also formed a bottom 3 times within the right shoulder here, and the chart is moving up within a falling wedge, both providing some confluence to the potential for forming our HSi.
Hedera could see incredible gains against eth should this occur, let's keep a close eye on developments over the next days and weeks.
HBAR / BTC - Repeating Pattern Chart End of August UpdateHBAR is likely repeating the same pattern it did before we made the move above ~460 and tapped 800s.
- Back in May we experienced a diamond reversal after two daily candles closed at our last highest highs @ 776 and 791, both wicking into 800s. That reversal brought us back to our support area (green box) around the red target line.
- Next, after failing to get back above our resistance area (red box), we formed a head and shoulders that should've taken us down to test the top of the green triangle around 368, similar to what our previous repeating pattern did when it wicked down there before heading up to where we are now. So far that head and shoulders has failed. A failed head and shoulders should've taken us back up to 716-728, our March high, but that hasn't occurred yet either.
- Now, it appears we may be forming an inverted HS, which if successful should take us back above resistance and just over 645. This would add confluence to reaching our failed HS target @ 716-728, but could also fail and just as well support the idea of getting back below 400 before heading back up again.
Regardless of what happens in the immediate future, I still expect one of three things to occur after either moving up now or moving down first:
Option 1 - after getting back above resistance (red box & 645) we move above March high (716-728) and May high (776-791) and reach ATH @ 864 or just above it, then re-test either one of those previous highs before heading up to make multiple new ATHs.
Option 2 - we begin to do what looks like Option 1 but stop hard at March high (716-728), and start to make what looks like a giant head and shoulders. That head and shoulders fails and we return to Option 1
Option 3 - Option 2's head and shoulder succeeds and we make a triple bottom on the all-time chart (91-115) dragging this out much longer before seeing our new ATH above 864.
Targets after eventually breaking ATH @ 864:
-- I'm liking a major stop somewhere roughly between ~1330-1470
-- An eventual revisit of ~3570 where we opened on first trading day
-- If we get above 3570, price discovery and it's anyone's guess
Previous related ideas linked below under Links to Related Ideas
Is HBAR/BTC getting ready for a great move up?With positive fundamental news coming to HBAR in the past few weeks and days (LSE as GC member, NFT support on Mainnet, and rumours about a Fortune 10 company...), HBAR could be setting up for a breakout against Bitcoin.
My thoughts is that if we take out the resistance level at .575, we could potentially test All-time-highs in the pair again. I will be watching if HBAR/BTC manages to stay above my 14 Day EMA.
There is also a smaller wedge forming, with the same level of .575 to watch on the upside. As for the downside, pay attention to the .540 level as that could send the pair lower for a while. This is why it is important that HBAR continues to participate in the current bullrun, and does not fall too behind BTC's performance.
Hedera Hashgraph consolidating hard. Ready for a big moveSo HBAR has essentially been going sideways vs BTC for about 2 years now. When it launched it got a few big listings, but not that many and after that it only got listed on Huobi. So it currently has enough liquidity to have big pumps, but a few additions especially to Coinbase could send it flying higher. We've seen the effects listings have had recently to some coins and I wouldn't be surprised if HBAR is one of those. Coinbase has been listing mostly tokens but they are also slowly adding Layer 1 blockchains too.
It is currently sitting at support vs BTC and pretty much following the price movement of Bitcoin, but at some point this might change. If it dips to the second green zone it is a very good buy, but it is a good buy even here as the potential upside is quite large.
HBAR / USD - End of August UpdateAfter breaking out of our falling wedge, we formed a parallel uptrend. Eventually we broke above it, and then below it.
Now we are back inside of it and testing the bottom of the channel, while also testing the top of the green box (support). If we remain above both, we should see a quick trip back into the red box.
If we break back down into the green box and below the channel, we may start moving within a range between the two purple lines here with some breaks above and below, dragging this out further before seeing our move back into or above the red box.
Break above the red box, new ATH begins to look likely, there's also potential for a double top depending on what is happening with the greater BTC market. Always keep an eye on BTC.D and BTC to stay informed.
HBAR / BTC - Repeating Pattern End of July UpdateOur repeating pattern on the daily is dragging out further than originally drawn, and as we all know - the longer we drag along while moving within a range (between the red and green boxes), the larger our eventual move becomes when the chart finally decides upon a direction.
I post multiple ideas*** and latch on to the ones I feel progress best. This is one of those that has progressed really well, though dragging out further - I'm anticipating a strong decision when it does decide.
***See previous updates about this under Related Ideas by scrolling to the very bottom of this page, including the original post suggesting a repeating pattern back on May 17th.***
So, let's talk about how we got here, and where we may be going - first zooming in on the 4H chart, and then a few looks at the weekly now and in the past:
4H chart & impressions:
At the end of the current pattern, following a diamond reversal, we see a head and shoulders. As shown on the 4H chart below, we broke below the neckline forming a bearish target of approx. 368 sats, but.. we failed to stay below the neckline.
Now we've broken back above the neck and have so far managed to stay above it. If this continues, it becomes a failed head and shoulders and and we have instead a bullish target of approx 716-728 sats (or higher).
4H Chart:
Weekly chart & impressions:
Our current 4 weekly candles look a lot like the last 4 that ended in a bullish move that closed around 710 sats and wicked above 820-830 sats, our most recent and highest high. (see more on this with each screenshot below)
Weekly Chart:
That 4th weekly candle ended high, but it began low, wicking down to test the bottom of our green box prior to moving up to make our high (this is a replay of the beginning of that weekly candle, from around May 10th):
Now we are seeing similar behavior from the current weekly candle, which began looking bearish and wicked down to the exact same area at the bottom of the green box:
Conclusions:
- One difference in the current pattern that appears to be repeating vs the previous smaller one, is that the smaller one wicked down to re-test the top of the triangle it originally broke out of, see green circles on main chart from this post. We haven't yet done that, which is why (despite being extremely bullish) I believe that it's still possible we move down to 386 sats. That said, we need to cross back below the neckline of the head and shoulders to get there. However, if this does occur, I think it makes the chart all the more bullish and more likely to break our ATH of 864 and get into price discovery.
- Should the above not occur, we have an interim bullish target of ~716-728 sats. This is bullish, but also puts us in a danger zone with the potential to form a giant head and shoulders pattern on the daily & weekly charts. To avoid this, we need a weekly candle to close above 710 - preferably, break 800 sats and then 864. If we wick up to 716-728 on the weekly but fail to stay there and close closer to mid-to-low 600s, we start to see the possible head and shoulders (however, even that could fail and make us bullish again).
- long-term bull: if we eventually break our ATH of 864 and then manage to cleanly get above 1000, I really like the area of 1350-1450 sats as stopping point while in price discovery.
- long-term bear: if we break down to 368 and don't turn back up quickly as I expect, instead falling further, I see the possibility of a triple bottom forming on the weekly chart (for it to become more bearish than that, we'd need something like a market crash to occur).
HBAR/USDT Holding Support LevelWith today's bloodbath in many cryptos, such as BTC and ETH, I was expecting HBAR to follow their lead and drop with them.
However, HBAR has held steady, and did not drop below a key support line that I have previously identified.
With the recent pickup in new accounts created, and with stronger network effects, I believe we could see an HBAR price well above $1 if the crypto bull market continues.
Of course, HBAR could rise in price even if other cryptos stay depressed, but a more positive outlook on the entire crypto market will help HBAR a lot as well.
Let me know what you think.
HBAR stuck in downtrend Hedera has been in a downtrend channel since mid march or so and we are struggling to make it out, now the channel may not be 100% accurate size wise because of the multiple tall wicks but another could argue there is a couple down channels within the larger one. We were getting fairly close to that bottom bollinger band which could of drop us to the bottom of the channel or even lower but it seems like we have found some footing, first of all we gotta break above the midline on the bollinger bands if we want to start to see a climb upwards. and also with the bands squeezing down on us we are in the coming days/weeks going to see a large scale move, no one knows exactly what direction it'll be in but the more the bands squeeze the bigger move we are going to see. on the Wave trend oscillator we have found some declining support and it looks like our current wave could be reversing on this support, getting ready for a next wave upward. we are just about at the buy zone so we have tons of room to make a big run upwards, one spot we will have to keep an eye on is this downwards resistance that could give us some struggle once we reach that point, if we do smash through this resistance we could be looking at a nice sized run that i believe would bring us up above the midline of the bb's and also even better probably to the top of the bands which could then induce another huge run upwards. remember though BTC is the market mover so that is always a big factor that could end up voiding this whole TA lol. Not financial advice just my opinion!
HBAR / USD - On Balance Volume Rising Since March.. Last.. YearOn balance volume for HBAR / USD (as well as the BTC pairing) have been rising steadily since March of 2020, when it dipped momentarily following the insane Google news rally.
What do we know about OBV? OBV rising as price falls or remains flat indicates price will eventually rise. We can see that it did exactly that proceeding the Google rally, as price corrected while OBV rose. The end result was a 1300% increase in price in approx 120 days, 1000% of it within 90 days.
Here we are again, a prolonged correction following the last rally, and on-balance volume has continued to increase.
I'm expecting a promising future for Hedera Hashgraph, as compared with Chainlink and early Litecoin, both of which I've done chart comparisons with for HBAR that have so far turned out to show incredible similarities.
See links below to previous related USD and BTC pairing charts, as well as some of my older comparisons with the other two alts that experienced extended growth in the past.
HBAR following the BLUE LINEThis is actually blowing my mind. I dropped a few trend lines on the HBAR chart — one that has been support since December 2020, and another one that has been a down trend line since March of 2021. I also dropped a shorter term downtrend line that was in the shorter term, but it isn't relevant yet.
Well, HBAR broke back above the five month down-trend line. I'm happy about this.
It has also followed the blue line that I drew a few days back, and appears to be now dropping with the blue line I drew.
As much as I don't want to see HBAR drop, I can't help to be okay with it as the rest of the blue line suggests that we will be exploding up in the near future.
This is not financial advice. Please do your own research. :)