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HBARUSD trade ideas

Hbar Gearing Up For A Big MoveThis project has multiple Fortune 500 companies on it's board and they are likely to announce more council members announced soon. Hedera currently has the most transactions per day out of any crypto with a daily average of 3.5 million transactions. They are currently approaching a milestone of 500 million total network transactions. I believe this DLT is going to be huge this year and now looks to be a good time to get in. This is my first post on Tradingview so if you could give me a like it would be appreciated. Remember this is only my formed analysis outlook. Research the project for yourself, as this is not an endorsement or recommendation to buy or sell.
BLong
by CryptoDude79
7
Subwave 3 of 5 targets in Purple.Hello Traders, This is a GREAT time to get some $HBAR before a nice move. The way I see it, we're just now hitting the 3rd wave of the final impulse wave. $HBAR likes to hit the 2.618 extension on the 3rd waves so it wouldn't surprise me if we hit our upper targets, we'll need to see how the chart plays out but at a minimum I see us hitting the first target before we have subwave 4, then move up for the final 5th wave. The bears could take this down to .087 area but I doubt it at this point. If you buy in here, I'd put a stop loss at .085 cents for a great risk / reward ratio. At the end of this impulse, I do expect a nice ABC correction that could take us back down to retest the break-out area near .06 cents however, crypto is crazy and it's also possible that $HBAR begins to get listed on Coinbase / Gemini etc, and we never see these prices again! Cheers!
BLong
by lolimssulose
2
Detailed Breakdown of the HBAR Move as I see itHere's a more detailed breakdown of the whole move as I can see it. The light blue subwaves make up the larger structure. I believe we've just put in a 4 wave and are headed higher from here. If we break down, I don't think we'll get any lower than .059. The targets are color coded with the Green target being the most probable to me, although I've seen several truncated 5th waves so be on the look-out for that. To me, all of this price action is just the chart putting in a larger wave 1 which will take us MUCH higher over the next few weeks. Personally, I'm a long term holder and believe the project will be a top 10 project by the end of the bull run. This is not financial advice, just my thoughts on the market. Do your own research before investing. Never invest more than you're willing to lose. Cheers!
BLong
by lolimssulose
4
Correction before wave 5Hello traders, I believe we're in a short term correction (wave 4) which would probably settle around the trendline near .08 cents before we continue heading higher. I think we'll head upwards of .16 cents after the correction however, we could push higher, we'll just need to wait and see. After wave 5 I suspect there will be a nice ABC correction with an opportunity to buy back in at discounted prices. This is not financial advice, do your own research and trade at your own risk. How do you think the charts will play out over the next week or 2?
BShort
by lolimssulose
4
HBAR FIRST WEEKLY CLOSE ABOVE RESISTANCE!I'll cut straight to the point as this is a super exciting development for Hbar. You will notice the debut week in September 2019 it plummeted down to just 3.8 cents. Since then it has tried multiple times to go higher only to find rejection at the $0.054 level. Wicks have gotten above it but no body candle. Well, for the first time ever the weekly close that just happened minutes ago managed to close ABOVE (purple line) resistance! This is super bullish and I expect fireworks for upwards movement in price the next 2 weeks. The train is ready to leave the station to higher price levels. Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
BLong
by CryptoDude79