HBARUSD trade ideas
Correctional Phase Over?Watching this one closely, it followed my trendline perfectly to break out of the downward trend. It's possible it will retest the previous high. Thoughts?
HBAR about to break out?HBAR, forming a triangular flag and seems to be consolidating for a breakout along with BTC.
Alts have been reacting rather very sensitive to BTC movements past 10 days, and while BTC rose 13% past 6 hours, HBAR rose 25%
When BTC is able to breakout to the upside, HBAR may have explosive movements to the upside.
Will we get new record highs with this altcoin at start of 2021? Seems bullish to me.
Falling wedge- what if? Break-out to the upside $HBARFalling wedge on 4hr chart. Super bullish if we manage to break out of this upwards.
HBAR on way to 0.10$Indicators shows that we will be in strong bullish trend next months. HBAR may see 0.10$ following months.
TP-1: 0.056
TP-2: 0.068
TP-3: 0.085
TP-4: 0.10
TP-5: 0.13
SL : 0.030
HBAR/USDHBAR broke a year long down trend and is currrently trading in weekly resistance. A break and hold above this range could lead to a fun run up.... Still nothing confirmed, but I like the setup! Good luck y’all!
Beginning HBAR AccumulationThis is a very long term play. To date, this is the best technology on the market that I've found and nothing else really comes close to competing. My only concern is the governance model. We will only be able to see how this shakes out over time but the tech is too good not to take a chance on. This is going to be a 10+ year play for me.
HBAR / USD - Double Bottom: Buy HBARHBAR shot up earlier this year and has since corrected and looks to be printing a double bottom that bottomed out around 2.7-2.8 cents.
It's currently moving up within a channel and presently sitting at the bottom of that channel.
A break below the channel plus a re-test of the bottom of it that results in a continued move below the channel invalidates this idea.
Short term, I believe we'll soon revisit 5.8-6 cents (see TP 2), with an initial target around 4.4-4.5 cents (see TP 1).
Long term, I see potential for HBAR to pull moves similar to ETH and LTC in 2017. 12 cents is not an unreasonable target, even 30 cents is possible.
The BTC pair shows a different story, so if you are a BTC maximalist, make sure you DYOR vs HBAR/BTC and keep an eye on how BTC moves because it will influence growth of this asset.
$HBAR passes buying rules!HABR is a utility coin that was issued by the Hedera Hashgraph platform announced in March 2018. The public network is built on Hashgraph, which is a kind of distributed ledger technology (DLT), developed by the Texas-based software company Swirlds. The company had previously deployed private versions of the blockchain with several huge enterprises. This technology is designed to help Hedera Hashgraph achieve more than 100,000 transactions per second, making it a true competitor to Visa and other mass-market payment systems.
On the 22nd November 2020, Hedera Hashgraph has passed all buying rules and today as it stands is above the 55day moving average.
Using the 2 Day Candle
Entry Rules: (10) EMA over the (20) EMA or
A close above the 20MA while it is in upward direction
Stochastic RSI upward but not above 80
MACD crossing positive
If all rules are met buy on open
HBAR / USD - Reversal after long DowntrendAn uptrend is forming within the channel shown on the chart. If we can get above the red box (resistance), we may test the top of the channel again soon.
If we break above the channel, we could revisit 0.55-0.6 cents, or higher.
BTC pair also looks good for a reversal.
HBAR / USD - Weekly Chart potentially forming HSiHBAR / BTC pair has been in a downtrend for a good while now without any significant corrections. It feels due for a correction soon. The USD pair here shows potential for an inverse head and shoulders pattern forming, and we could be at or near the bottom of the right shoulder. Volume is starting to rise as well. If it plays out as suggested on the chart idea above, it should complete this pattern around mid to late December.
Keep an eye on this, but beware goings-on of BTC
- also be mindful that HBAR has a much lower USD bottom prior to the google news, and hasn't yet re-visited previous BTC pair bottom either (if it will get there, we're hovering around 185-190 sats, previous bottom was 114 sats).
HBAR / USD - HBAR may continue upwardsHBAR USD pair has formed an inverted head and shoulders, we are right at the neckline, let's see if it breaks up
Hbar corrective pattern looks incomplete.There's only a hand full of corrective patterns that begin with a three wave pattern, flats 3-3-5 triangles 3-3-3-3-3 and corrective combinations. Since a flat & a triangle can be eliminated the correction looks like a double zigzag combination. Five wave moves can end corrective combinations if one develops that's still good for tracking the end of the pattern.
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.
Possible test of previous resistance?Looks like the price is coming down to test previous resistance line, after Hbar broke out of its symmetrical triangle. Consolidation continues with no exciting news in the past month.
HBAR / USD - Two Possible ScenariosBearish - a break below the wedge may head further down, and if we break below the horizontal line, we've confirmed a double-top and may revisit all time lows.
Bullish - if we stay within the wedge, above the area being tested now, a return to all-time highs or higher is possible
Side note - a triple top is another bearish scenario that could possibly play out if all-time high is reached again and strongly rejected.
The USD pair for HBAR has been easier to chart than the BTC pair, which is not typical for altcoins, outside of the top 5-10.
HBAR / USD - Bullish Scenario with TargetsProvided a bullish scenario plays out, I think it moves up from here and targets listed on the chart TP1, 2, 3.
HBAR 9.1.20Trade setup . sell at the top of resistance for an easy 20 percent. it has been in this weird little accumulation trend that crypto likes to take on
