HBARUSD trade ideas
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?
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.
HBAR / USD - Weekly Resistance Break - Off to the Races?We are moments away from breaking weekly resistance on the candle chart, the line chart has already done so. HBAR is about to be off to the races, with a long needed increase in volume to support this move (btc pair chart shows volume has increased signifanctly after a long dry spell following the original Google pump during Jan - Feb 2020).