HBARUSD trade ideas
HBAR - Ready For Another Impulse?Hello TradingView Family / Fellow Traders,
🚀After a massive 108% surge, HBAR rejected the $0.15 - $0.17 resistance zone and is currently in a correction phase.
HBAR is now approaching a strong demand zone marked in blue, so we expect the bulls to kick in soon, as long as the demand holds.
📈 For the bulls to take over again, we need a momentum candle close below above the last major high highlighted in red.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
The "Up Only" MentalityThe Allure of Upward Trends:
Humans are naturally drawn to positive trends and progress. We find satisfaction in seeing things improve, whether it's personal growth, technological advancements, or the value of our investments.
This inherent bias towards upward trends has been amplified in recent times by:
The widespread availability of information showcasing constant innovation and economic growth.
The rise of social media, where success stories and positive experiences are often overrepresented.
The Discomfort of Downturns:
When faced with downturns, corrections, or periods of stagnation, we can experience:
Psychological discomfort: The dissonance between the expected upward trajectory and the reality of a decline can be unsettling.
Fear of loss: Potential financial losses or a missed opportunity to capitalize on further gains can trigger anxiety.
Loss of control: The feeling of not being able to predict or influence the market's direction can be frustrating.
The "Up Only" Mentality:
The combination of these factors can contribute to an "up only" mentality, where anything less than constant growth is perceived as negative. This mindset can manifest in various ways:
Unrealistic expectations: Expecting consistent, uninterrupted upward trends in investments, careers, or even personal lives.
Impatience: A growing sense of frustration when progress feels slow or when setbacks occur.
Disillusionment: A tendency to view downturns as failures or signs of an impending collapse.
Important Considerations:
Market Cycles are Inevitable: All markets, including financial markets, experience natural cycles of growth and decline. Downturns are a normal part of the economic and investment landscape.
Long-Term Perspective: Focusing solely on short-term price fluctuations can lead to emotional investment decisions and missed opportunities.
Psychological Biases: Understanding our inherent bias towards positive trends can help us make more rational decisions during periods of market volatility.
Conclusion:
Our tendency to favor upward trends and feel discomfort during downturns is a natural human response. However, recognizing this bias and adopting a long-term perspective are crucial for navigating the inevitable cycles of growth and decline within markets and various aspects of life.
Hbar loves double bottom (ADAM and EVE Pattern)I can spot a recurring Adam and Eve double bottom pattern in HBAR/USD chart.
What do you think?
Wyckoff Accumulation of HBAR/USDAnalysis of the market structure of accumulation of Hbar/USD with wyckoff accumulation pattern.
📈Long Setup on HBARUSDT📉BINANCE:HBARUSDT
COINBASE:HBARUSD
📈HBARUSDT 1H Long Setup📈
⚡️Quick long position with Semi-High risk status.⚡️
TP 1-2-3-4 and SL are on the chart.
The Alternate scenario is also plotted on the chart.
⚠️Don't forget to de-risk your positions.⚠️
Set a high HBARHBAR is looking good on the daily chart. We have tested a local support and rejected north.
RSI is still oversold and appears to have started trending up. Fib extensions are targets, also marked by horizontal ones.
R:R 1:13
stoploss below second support marked in red
This is NFA
Do your own DD
Good luck!
All set for .24?Due to recent news, it has kicked off a rally in this crypto, if there is any value to tech analysis then this can hit .24 soon.
Hedera Foundation Token $HBAR Token Surged 96% Hedera's CRYPTOCAP:HBAR token has experienced a whirlwind of activity, soaring by 96% within 24 hours on the heels of a misinterpreted announcement regarding BlackRock's involvement. While excitement surged over the tokenization of a BlackRock money market fund on the Hedera blockchain, clarifications soon tempered the frenzy, leading to an 18% drop in CRYPTOCAP:HBAR 's price.
Misconceptions and Reality:
The catalyst for CRYPTOCAP:HBAR 's meteoric rise stemmed from a misinterpreted announcement by the HBAR Foundation X, suggesting a partnership between BlackRock, Archax, and Ownera in tokenizing a BlackRock fund. However, subsequent clarifications revealed that BlackRock was merely aware of the move on-chain, with Archax taking the initiative to tokenize BlackRock's ICS US Treasury Fund. The discrepancy between perception and reality underscores the importance of clear communication in the crypto space to mitigate misinformation and prevent market overreactions.
Community Reaction and Clarifications:
Crypto influencers and industry observers initially seized upon the announcement, believing BlackRock's direct involvement in the tokenization project. However, voices of skepticism, including Cardano Ghost Fund DAO founder Chris O'Connor, highlighted the need for accurate interpretation and cautioned against premature conclusions. Clarifications from Archax co-founder Graham Rodford shed light on the nature of the collaboration, emphasizing that all parties involved were aware of the tokenization initiative, but BlackRock's role was limited to awareness rather than active participation.
Market Volatility and Long-term Prospects:
HBAR's rollercoaster ride, marked by a surge followed by a correction, underscores the inherent volatility of the crypto market and the susceptibility to speculative fervor. Despite the setback, HBAR's price remains elevated, reflecting sustained interest in the token and optimism surrounding its potential. The recent approval of significant funds for Hedera network development further underscores the platform's commitment to growth and innovation, laying the groundwork for future advancements and ecosystem expansion.
Technical Outlook
CRYPTOCAP:HBAR token is still poised for a reversal trend despite dipping by 18%. The crypto asset is trading with a Relative Strength Index (RSI) of 60.70 giving room for further surge or price consolidation.
Hedera Hashgraph #HBAR move to the supply zoneSeems like a logical move that is on the cards for this #crypto
Ad could form a decent W pattern
Let's see what transpires
HBAR USDT to be Buy BullishHBAR has broken the trend current and LH, i believe there is high probability that it can go UP,
Trade setup available in chart.
Hbar just hit the breakout target of the teal channelAfter the bullish news connecting hedara hashgraph with blackrock hbar saw a massive bullish impulse today reaching the full breakout target of this teal channel and then some. If it does an inverse Bart move here expect it to go considerably higher but for now the initial target has been hit so pullbacks, corrections, or consolidations are always possible before the enxt leg up. *not financial advice*
HBARUSD: Massive +40% surge but there is more coming.HBARUSD turned bullish today on the 1D and 1W timeframes (RSI = 62.233, MACD = 0.011, ADX = 37.310), at the time of this writing at +37% but this might not be the end of this bullish sequence. The 1W RSI is only testing the MA line and the price itself is testing the 1W MA200. Having been rejected there in March and failed to close a weekly candle over it, if it does this time, we expect the Channel Up to break upwards and target the 0.618 and 0.786 Fibonacci level successively.
The fact that this rebound is taking place after the 1W MA50 was tested and held, makes an even stronger bullish case for breaking higher. Basically, the price has been between the 1W MA200 and 1W MA50, essentially the 0.5 - 0.236 Fib Zone. We turn bullish long term on Hedera, aiming at the 0.786 Fib (TP = 0.31000).
See how our prior idea has worked out:
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Hedera: Buying Opportunity & Our Limit Order Set!Having observed sufficient weakness in the market today, we are ready to place a limit order for Hedera. We've decided to set our limit order at the 38.2% retracement level, primarily because we are already close to the level of Wave 1. However, it's essential to note, from a realistic standpoint, that theoretically, Wave 4 should not drop into the level of Wave 1. While we allow for wicks and such, acknowledging the fast and volatile nature of the cryptocurrency market, this might be a concern for other analysts, but it's not an issue for us. We will place our entry at the 38.2% extension level and set our stop loss just below the 50% retracement level, which is indeed deeper within Wave 1. We aim to avoid being stopped out due to a potential break here. Our target for Wave 5, depending on where Wave 4 concludes, anticipates a rise above the level of Wave 3 at 14 cents.
Another look at the current HBAR chart.There's a lot of room for HBAR to increase in price. If the trend continues, we could see a dramatic increase in the price of HBAR over the next six months to a year.
Good luck, and always use a stop-loss!
HBAR is All Adam & Eve Double-BottomsVery simple:
Two Adam & Eve double bottoms repeating leading into confirmation of one giant Adam & Eve double-bottom with a price target in the long-predicted 2-5 dollar range, presently measured at 3.78.
Hedera ($HBAR) I am anticipating a range breakout to greenHbar is consolidating inside of a macro range and has been for 3 weeks now.
This is not a bad thing, it's good in fact. It was recently broken out of a major resistance area at 0.09 (give or take), which is major and now all price is doing is consolidating right above.
Preparation for another leg up imo.
Green is target, but expecting higher (point of breakdown area denoted to the left of the chart).
Levels above for future reference, but not relevant right now.
Cheers,
vatsik
HBAR'S biggest percentage gain so far, is YET TO COME!Since I predicted the coming cup & handle pattern well before anyone else on Jan 2nd, HBAR has broken out of the cup's handle and ran for more than a 100% gain. The price peaked, dropped, and retested the rim-line; now it's going to make the biggest gain of the entire pattern.
Buckle your seatbelts!
Good luck, and always use a stop-loss!
HBAR: Downward! 🪂The bears have pulled HBAR's price down so sharply over the last seven days that it has broken through our (now grayed out) target zone to the downside. We now see the coin continuing in the green wave (ii) correction. As part of this movement, the (new) green Target Zone between $0.0948 and $0.0752 should be approached. Long positions can be built up there, with stops placed around 1% below the lower edge. Subsequently, the price should climb above $0.14.
HBAR Descending Broadening Wedge Bullish PatternHBAR has formed a Descending Broadening Wedge on all timeframes. The depicted is the daily showing price movement between two descending trendlines with volume confirmation at the top and bottom of the wedge as price nears the trendlines. The RSI on the daily is lower as the price is near the same where we entered the pattern suggesting hidden Bullish reversal.
MFI indicates net inflows increasing. I'm Bullish on HBAR
HBAR triggering an inv h&s + golden cross?It certainly looks as though hbar is already validating the breakout from this inverse head and shoulders pattern…however with price action this far above the 50 and 200mas at the time of its golden cross, there’s always a likelihood it may dump back down to the MAs at the time of the cross or shortly thereafter, even dipping back below the neckline temporarily to shake some weak hands that long in this zone…of course it could validate and just continue up to the target from here as well…if it does try to dip back down to the MAs to test them for support and even dip back below the neckline, probability favors that it will likely break above the neckline once again before too long an d then validate at that point if it doesn’t already validate after this first break of the neckline. Of course if we see price flip the 200ma back to solid resistance, then probability will favor this pattern becoming a fakeout…but until then probability favors it validating. *not financial advice*
HBAR: The next big winner?Adding another cryptocurrency to our portfolio, Hedera, or HBAR-USD. On the daily chart, following the last low at $0.0357, we've developed waves 1 and 2 and are now in wave 3. This wave is expected to reach between $0.14 and $0.27. The exact placement remains to be seen, but we'll definitely be looking for entries for our wave 4 afterward, planning to hold through wave 5. Given the fast pace of cryptocurrencies, we won't rush into minute or small hourly chart trades for now.
