Imminent Break-OutHBAR has consolidated around the .05 mark for a few days now and is likely to see a nice push up here. Once we clear the orange triangle, I expect to see a pull back to confirm support and then a rather strong move up to .025 area. HBAR is becoming less and less affected by the BTC market so I expect support (around the .05 area) to hold even if BTC dumps to 29k area. As discussed in my previous post, I believe HBAR will be an eventual top 10 coin, that said long term entries here are great as we likely won't see these prices EVER again. Pop some popcorn and enjoy the fireworks, things are about to get interesting!
This is not financial advice, please do your own research.
HBARUSD trade ideas
How I see $HBAR playing out over the next 72hrs. Corrective zig-zag wave about to be commence after todays surge - then we will embark on the next impulse wave up to just above 0.08c by mid next-week. This could take a bit longer than I expect and into next weekend however and I doubt will be entirely accurate but it'll follow a fairly similar pattern to this I assume.
This is INVALIDATED if $BTC dumps and takes the market with it. Right now- we look good to go!
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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.
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.
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.
HBAR / USD - **Update - Part II** Bullish Cup and HandleHBAR is re-testing the top of the long-term triangle here.
We need a big bounce here or this whole setup is invalidated.
Bearish idea - Take a look at the BTC pair, it ended at the top of a giant parallel channel that is in a downtrend, will update with a pic.