HBARUSD trade ideas
Interesting PerspectiveHbar has broken out of a long time channel and is using the upper channel as support before breaking higher.
This project is unlike any other crypto that I've seen in the market.
Shinhan Bank, the largest bank in South Korea has joined the governing council of Hedera along with LG Electronics,
the two companies reported a successful test of a CBDC trial using Hyperleger Fabric with a plug-in from Hedera's HCS.
Hyperledger Fabric is designed by IBM who is also a governing council member on Hedera.
Furthermore,In January of 2021, Shinhan invested in Korea Digital Asset Custody (KDAC), an industry consortium of businesses that provide digital-asset custody service. Assets can be tokenized on Hedera's Token Service.
Officials at Shinhan Bank commented. “Hedera’s public distributed ledger, in particular, is uniquely suited to meet the needs of a widely-used fintech service that must be fast, fair, secure, and enable the controls and visibility required by service providers. We are excited to join the Hedera Governing Council to continue to work with leading global organisations in diverse industries on solutions that will underpin the next generation of finance.”
HBARive been hearing alot about HBAR but never really looked into it. But ill be getting in if she drops to my green box. Yellow is neutral/bounce zone. Red is resistance. But remember we are still in a bull market so maybe when bitcoin rips up alts will bleed and we will get a better buying position
HBAR About To Join The Alt Party!It's that time again for Hashgraph to start climbing the CMC ranks with a move to $0.69
If you are planning on grabbing more Hbars; doing so before Sunday night may not be a bad idea, as I expect price to move up in a big way next week. It has broken out on the daily and is currently consolidating along with building strength for a price explosion. Should be a fun week for you Hbarbarians out there.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
Eerily similar pattern! Do we test 0.34 or shoot to 0.75?We broke out from the Bullish Pennant and now that last resistance (triangle) now turns support. If we test the support, we may bounce off from 0.34. If we copy the similar pattern from the past, we may shoot up. This is just speculation. I do see HBAR hitting between $2-3 in the next couple of months. This is about to copy XRP. Just giving a heads up.
The last HBAR chart:
I don't usually follow fundamentals (news and events), but this crypto has one of the best fundamentals I have ever seen in the crypto space.
1. Partners with many big players (such as Google , IBM , LG.. Look at their link to see hedera.com)
2. Will be a part of the Consensus 2021
3. Has a working product
4. Very low market cap crypto. The lower the market cap, the higher the reward ;)
5. Also one of the altcoins that may be added to Coinbase: blog.coinbase.com
I will start taking profits at $2 and working my way up. Let me know what you think.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Be fearful when others are greedy and greedy when others are fearful." - Warren Buffet.
"Show me the charts, and I'll tell you the news." - Bernard Baruch
HBAR/USDT Re-Accumulation StructureHBAR has been in a re-accumulative state since around the 15th of March. A recent change of character and break out show that supply has diminished as we formed higher lows through out the range before breaking out.
We are currently now retesting the top of our trading range sat in the oversold condition on the long term trend line .
Some more consolidation in this region testing supply along the way will give us some more confidence on a POE .
A scaled in POE is recommended. If we see aggressive demand one widespread 4hr bar this could confirm a full break out into a mark up will occur.