Potential Break Out Of Months Long Resistance Very SoonShort-term chart patterns/ Technical indicators point towards HBAR breaking out of months long resistance (blue line on price chart).
Bullish:
Chart Patterns:
-Cup and handle (purple) formed points to $0.297 target
-Symmetrical triangle (orange) targets are between $0.327 and $0.321
-Previous cup and handle pattern met (black), likely that current cup and handle will meet its target
Technical Indicators:
-MACD has formed red/white histograms and about to have a bullish cross
-Stoch RSI crossed bullish after bottoming out
-RSI bounced off short term support
Bearish:
-Small bearish divergence formed on the RSI (yellow circles/lines)