HBAR FOLLOW UP from December 12th post.Guys, here is a follow up to HBAR. I am reviewing the previous HBAR video and going into where we might go form here. Hope this helps.
HBARUSD trade ideas
HBAR To $3.06After an exit from the triangle pattern. HBAR is headed towards the fib level 141.40% as the first target.
HBAR TA - BEARISH OUTLOOK IN A BULLISH FRAMEHere I present some TA on HBAR. I believe we are in a turbulent zone and a top is in or about to come in fast. Hope this helps.
Why HBAR remains super bullishCOINBASE:HBARUSD is displaying all text book bullish definitions!! Volume spike on run up and volume reducing as it forms the bullish flag. RSI and ATR has cooled down and less volatile. Forming a pressure point which could explode to the upside if it remains bullish which is the likelihood.
#HBAR/USDT Ready to go higher#HBAR
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.2750
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.2900
First target 0.300
Second target 0.3145
Third target 0.3310
Waves of equal length on HBAR?Just as XRP, HBAR looks bullish. We had major 1B+ liquidations for days in a row. Yet HBAR and XRP are holding up strong.
HBAR. Now’s the time. This one is way oversold. People got wrecked. Now is when you buy, not when the price is high!
Not financial advice.
I just grabbed 13,000 shares. DYOR.
$HBAR 4Hr timeframe On the 4-hour timeframe, the CRYPTOCAP:HBAR coin chart shows several key technical patterns and indicators:
- **Symmetrical Triangle Pattern**: Posts on X suggest that CRYPTOCAP:HBAR has been forming a symmetrical triangle, which often indicates a period of consolidation before a significant move. This pattern is characterized by lower highs and higher lows, converging towards a point.
- **Bull Flag Formation**: Recent analysis indicates that CRYPTOCAP:HBAR has formed a bull flag, suggesting that after a consolidation phase, the price might break upwards towards new highs. This pattern is typically bullish, indicating potential continuation of the previous uptrend.
- **Elliott Wave Analysis**: There's mention of an Elliott Wave triangle potentially breaking out to the upside, with the price possibly extending further. Analysts have pointed out that wave (4) could be complete, with wave (5) aiming for higher levels like $0.472.
- **Support and Resistance Levels**:
- **Resistance**: The key resistance level to watch is around $0.20, which has been highlighted as significant in the macro chart discussions.
- **Support**: If CRYPTOCAP:HBAR falls below $0.275, it might lose its bullish momentum on shorter time frames. A further drop could see support at $0.20, as noted in some posts.
- **Momentum Indicators**: The 50 EMA (Exponential Moving Average) is being watched for a potential retest before any significant move, which would be in line with the bull flag pattern.
- **Price Targets**: Short to mid-term targets have been set around $0.46, which would represent a 48% increase from current levels, according to some X posts. Other potential targets include $0.472 if wave (5) in Elliott Wave theory holds.
- **Current Sentiment**: The community sentiment on X appears bullish, with many users and analysts suggesting that the current patterns indicate a continuation of the uptrend, although with caution about possible short-term corrections or consolidations.
In summary, the 4-hour chart of CRYPTOCAP:HBAR indicates a potential bullish continuation with key patterns like the symmetrical triangle and bull flag. However, the price action around support and resistance levels will be crucial for confirming these patterns. Remember, crypto markets are highly volatile, and while these patterns suggest potential moves, they are not guarantees. Always consider broader market conditions and news that could impact sentiment and price.
HBAR is going strong - Don't mistake that for a price increaseHBAR is reacting exactly as I expected. That being said, the trend is downward. That doesn't mean that it's not tradable. It's been trading within the channel.
If you are new to crypto or are using this as an "investment," you need to understand that this coin will likely drop over the next month. Yes, there's a lot of hype about the project and yes there is reason to believe that the overall price will appreciate over time. However, you need to know that there will be drops. If you're not trading, either hold and don't sell, or buy more to Dollar Cost Average DCA . It's only a loss when you sell it for lower than you bought it.
With this in mind. People want the price to drop. This is December. It's the last month to register losses for tax purposes. After Christmas can be turbulent as people sell to lock in losses. Myself, I've sold at 11:30 pm on New Years Eve, only to buy back in again.
Finally, there is no real reason to expect this coin to immediately shoot up. Most Institutional buyers are not going to dump massive amounts into an unregulated market. If you're buying right now, you're early to the party. That's not a bad thing. Just be disciplined enough to know.
I budget a couple hundred bucks a month and buy more and more. When it goes up, it pays off in dividends. Recently, I statrted "trading" the market. That is I've been buying low and selling high.
My education was very expensive. I lost a lot of money over the years. I was here buying Etherium at $50 and BNB at $7. If I'd followed the advice that I just shared, I wouldn't be working a normal job anymore.
Good luck, stay steady and realize that you will make money if you beleive in the project.
Where are the HBAR support zones? How far can it fall?The recent pullback in HBAR is enough to shake the average person, don't let them shake you out!!
In perspective to the most recent moves, the trend as it stands still remains bullish. The following levels on the chart will give you an idea of how much lower HBAR can potentially go and could be an opportunity for those who had FOMO during the first pump.
See my previous idea on why I am still bullish on HBAR.
Uptrend… eventually Looks like a triangle has formed and a possible uptrend eventually unless BTC brings it down
HBAR Monthly S/R Targets ChartPublishing a monthly support and resistance chart, a weekly view of that chart - with targets - that I've been sharing for a while, so others can follow along.
This in addition to the parallel S/R chart that is already published here:
With an updated snapshot of it here (targets adjusted for where it broke out):
Possible areas of local support if any dips below monthly resistance are marked on the chart.
Hope this helps if you are following HBARUSD
Hedera Hashgraph: Sharp DropWithin just a few hours, HBAR dropped sharply by around 20%, plunging deep into our green Target Zone between $0.29 and $0.22, a range we identify as suitable for long entries. This move marked the low of the green corrective wave 4. During the current impulsive wave 5, we expect a swift recovery toward the recent high at $0.39 and potentially beyond. In our short-term alternative scenario, further selling pressure could momentarily push the price below the support at $0.23 (with a 35% probability). But even in the case of such an extended correction, HBAR would remain within an overarching bullish upward structure.
[HBAR] HEDERA HASHGRAPH could make another (+37%) to (+48%)HBAR showing really great momentum, it is shifting in the monthly timeframe to bullish with moneyflow increasing and it is above value area high since may 2022 to now and above the anchored vwap from sep 2021. If it can maintain above the poc from last bull run at $0,2586 will be a good sign to continue.
The target is between value area high and fibonacci retracement levels from the last bull run alongside monthly level.
TARGET: $0,3746 to $0,4080 up to (+48%)
HBAR LONG SET UPTitle: BUY HBAR
Asset: Crypto
Symbol: HBAR/USD
Time Frame: 4hr
Platform: Coinbase
Entry Price 1: $0.27500
Entry Price 2: $0.23500
Stop Loss: $0.19500
Take Profit 1: $0.33500
Take Profit 2: $0.37500
Take Profit 3: $0.42500
Status: ACTIVE
Cup and HandleLooks like a cup and handle pattern has formed. Once the uptrend starts, should see a big bullish movement.
HBAR Uptrend, Hold and Buy the dip! HBAR is on a mission to find $1, Uptrend is testing major Demand levels Will find Supply again and Burn through supply wall with a vengeance ! Hold the line!!!
HBAR 1h C/H - .45 targetIf we can stay within the handle channel, we'll see a breakout and test the supply (red dotted) near ~.39 and break through. HBAR has been in a solid consolidation phase and looks ready to release.
HBAR getting ready for a leg up?There are a lot of indicators coming together on the 1 hr. Could it be the next leg?
HBAR LONG SET UPHBAR LONG SET UP, RETEST OF RECENT HIGH
buy at $0.27
take profit 1 - $0.35
take profit 2 - $0.40
Triangle patternTriangle pattern formed and i anticipate a bullish movement but if BTC continues to fall, HBAR could fall too.
HBAR complex correction?
After a historic rise of over 700% from the recent bottom, HBAR has retraced from around 40 cents, corresponding to the 0.618 fib extension level to its all-time high.
Whether this constitutes an Elliott Wave 4 or not, it forms a parallel channel. Parallel channels often suggest complex corrections, so this could be labeled as WXY or WXYXZ unless it clearly exhibits the characteristics of a diagonal triangle (with an extended wave 5).
If the channel's lower edge holds, HBAR might find support at the 0.382 fib extension level, around 25 cents. Otherwise, 21 cents would be another key support level to watch (an upper timeframe image will be attached below).
Considering the current market conditions, a bullish continuation is likely. Therefore, passionate HBARians, including myself, may still have a chance to buy the dip.
HBAR consolidated into bullish triangle. Uptrend to start soonI believe the uptrend for hbar will begin soon again with significant gains. Were looking for at least $0.45.
The pressure is mounting and it should lift off soon. End target for me is a $60b marketcap at around $1.50
