HBARUSDT trade ideas
HBARKeep a vigilant watch on HBAR! Consider hopping on the train if it closes above this specific area in the lower timeframe. HBAR shows promise for an upward surge, with the dedicated team behind it actively working on leveraging certain news that could propel the chart towards our target, potentially yielding significant profits! #HBAR #ProfitPotential #ChartAnalysis
As usual have your money management in place along with a Stoploss when entering into the market!
Risk of a Sharp DowntrendIn the weekly technical analysis of HBAR, we observe that its chart has formed a triangular pattern.
Recently, the upper side of this triangle has broken, indicating that the initial target set (TP1) has been achieved.
After reaching this target, the price entered a corrective phase and reached a significant support area, which is highlighted in blue on the chart.
If bullish price patterns are observed in this support area, a price increase is expected to occur again. However, if this support level fails to hold and breaks, a sharp downtrend in HBAR's price is expected to begin.
๐๐ HBAR Support Breakout Trade Setup ๐๐๐ Analysis:
Steady Support: HBAR has demonstrated resilience at the $0.10 support level over the past few days, indicating strong demand in this area.
Resistance Ahead: The next local resistance is at $0.117, a crucial level to watch for potential breakout confirmation.
Upside Potential: Clearing resistance at $0.117 could pave the way for a bullish rally towards $0.14 and $0.19.
๐ Trade Plan:
Entry: Consider entering a long position once HBAR clears and holds above the $0.117 resistance level.
Target: Set profit targets at $0.14 and $0.19, anticipating bullish momentum on a successful breakout.
Risk Management: Place stop-loss orders to manage risk, ensuring they are strategically placed below key support levels to mitigate potential losses.
๐ก Note: Monitor price action closely for confirmation of breakout and adjust the trade plan accordingly. ๐๐ฐ #HBAR #SupportBreakout ๐๐
HBAR/USDT ShortClearly a late entry, But I was more concerned for pointing out the bearish pattern!
Still confident this will be a successful quick trade.
But as I previously mentioned it would probably be a smarter idea to take a larger short position over a longer time period. But I am testing personal indicators for day trading at the moment so will just observe!
Recognising patterns and indicators on smaller Time Frames with correlating results is paramount to successful day trading in my opinion.
If this was a leveraged trade with real money I would be looking to take profit at the 50% mark and then moving the stop loss to as tight a position as I deem reasonable :)
Happy Trading.
T.
HBAR/USDT SHORTHBAR shows a rising wedge pattern on a smaller timeframe.
Fails the pattern.
Massive sell volume.
This was just a quick paper trade and a test. In hindsight, if trading with real money it would probably be a smarter idea to take a longer position. But I am watching many coins at the moment and constantly testing new and tried and tested strategies in harmony!
Happy Trading.
T.
I Bet when I have finished typing it has fallen straight out of the box! LOL.
Always be patient and DCA.
But I Just noticed this and thought it would be useful to people to help recognise Bearish patterns like this and be able to take quick Profits.
RRR 1.5+
HBAR/USDT SHORTVery quick Upload just noticed some Bearish patters in HBAR, Probably would be looking for a longer short position, As looks to me like its going to fall....
I will follow up with a more clear explanation after watching this quick paper trade.
I also see DOGE finally coming down on the 5 min as I type!
All the lazy people in the UK taking profits as they open there eyes! LOL
Happy Trading.
T.
Heikin Ashi
Ichimoku Kinko Hyo
200 Ema
Elliot wave
Many indicators!
Please Follow and comment!
P.S sorry for the lack of detail yet, just noticed this and wanted to see how it would play out :)
I Will update soon with a clear explanation.
Tried to keep this chart as clean as possible!!!
Thank you
HBAR - Confirmed Resistance BreakoutBINANCE:HBARUSDT (1D CHART) Technical Analysis Update
HBAR/USDT is currently trading at $0.1102 and showing overall bullish sentiment
HBAR is showing clear resistance breakout around the are 0.100, this resistance has rejected twice in the past and this breakout is clearly showing bullish sentiment.
Entry level: $ 0.1104
Stop loss level: $ 0.0774
Target 1: $ 0.1295
Target 2: $ 0.1596
Target 3: $ 0.1890
Target 4: $ 0.2398
Target 5: $ 0.2724
Max Leverage: 3x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
#HBAR/USDT#HBAR
The price is moving in an ascending channel on a 12-hour frame
The price rebounded more than once at the lower border of the channel, and this is evidence of the strength of the channel border and the expectation of a rise
We have a higher stability moving average of 100
Likewise, there is a trend in which the price touched the RSI and rebounded from it
Entry price is 0.12265
The first goal is 0.1279
The second target is 0.1366
The third goal is 0.14404
HBAR/USDT bullish ride what next? ๐ ๐HBAR analysis๐ Paradisers, gear up for an exciting journey with #HBARUSDT. It's currently anchored at a critical support, suggesting a promising push towards bullish territory.
๐ A key highlight is its breakaway from a descending trendline, launching #HederaHashgraph into a positive climb. This move signals a revival of bullish energy, with a strong tilt towards an upward spree. Should this momentum hold, we're eyeing a run at the $0.1429 resistance zone.
๐ On the flip side, if #HBAR encounters hurdles and fails to keep up the pace, we might see a bullish attempt from the $0.0875 support level. Yet, slipping below this line could lead the asset to retest the previously escaped trendline.
HBAR/USDT Keep an eye on the support, Potential Bouncing!๐ HBAR has recently experienced notable market dynamics. There is potential for HBAR to undergo a backtest on the support area around $0.099.
๐ If HBAR reaches this level, it needs to bounce to resume its upward trajectory, with the next target being the resistance area. A successful breakout above this resistance probability could pave the way for reaching our target area.
๐ However, if HBAR fails to maintain support and bounces, it could be a concerning sign. This failure may lead to a breakdown below the support area, potentially pushing the price back towards the demand zone.
๐ At the demand zone, a bounce is necessary for HBAR to reclaim support and continue its upward movement. Failure to do so may result in continued downward movement, pushing the price lower.