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.
HBARUSD trade ideas
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 - 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.
Hedera Hashgraph uptrend trade idea- Daily +DMI curling up = Buying increasing
- MACD 4h golden
-Daily 120EMA bounce(Historically bullish and bounced off this)
-Trendline support
Better R/R here with tighter stop losses.
Entry: Now
TP1 : 0.0498
TP2 : 0.057
SL: 0.042 (-5.7%)
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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.
Hbar forming a parabolic patternThe Hbar has consolidated nicely over the summer months as precious metals continue to lead the crypto markets higher. Hedera Hashgraph is a next generation blockchain with top marks in speed, security, governance and stability (network will never fork). look into Blocknomy for more details. Enterprise use cases continue to grow. Transactions on the Mainnet surpassed 250 millions just the other day. Its very possible Google will use HCS in their advertisement division similar to what AdsDax is doing with Hedera. Also Hbar is officially being looked into by Coinbase, which is a major US exchange that if posted will easily cause the Hbar price to go up by 30%. The CEO of Hedera has been very compliant and careful in following SEC guidelines and best practices. Lots to watch for in this space. Do your own research, not financial advice.
Hedera Hashgraph (HBAR) - August 6Hello?
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You need to make sure you can get support at 0.04277790.
If you break the 0.04595618 point with a strong ascent, you are likely to touch more than 0.05839300 points.
As of August 25th, we should see if we can rise above the 0.04277790 point and follow the uptrend line.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
(Short-term Stop Loss is a point where profits can be saved or additionally entered through split transactions. You need to trade from a short-term investment perspective.)