HBAR/USDT CUP & HANDLE TARGETAfter a 2-year accumulation phase, Hbar broke out of its major resistance level, and I believe this is the start of wave 1 of 5. The chart shows linear and logarithmic one-to-one price extensions of cup & handle patterns.
There was a massive volume spike across multiple exchanges including Binance. I have set the target area where the price level converges with fib retracement targets. However, I believe Hbar will ultimately break out of this entire structure and continue to rise in price.
I expect a minimum market cap of GETTEX:70B to $100B for Hbar, as it is an outstanding project with advanced technology and significant public adoption.
Please note that this is not financial advice, only my personal opinion. Good luck with your investments.
HBARUSDT trade ideas
RED is for buying! gotta bet on this one! Afternoon fellas,
Figured I'd come back with another one during these red days...
Pumped the other day and I did sell some. But looking into this setup following up the previous pump.
This post is also a follow-up from the previous post. Check it out!
Trade thirsty.
HBAR 1-2 Setup HBAR has both long-term and short-term 1-2 setups currently active. We are in the midst of wave 3 of 3 of C, targeting prices between $0.44 and $0.62 for lower degree wave 3 ( extension could occur), aiming for a long-term goal of $2.24 for Wave C (A equals C). There is a consideration for scaling out at the price targets of the lower degree wave 3 and scaling in during any pullbacks to the support zone.
Hedera HBAR price artificially "pumped", wait a minute..and readYesterday, on 23 April, HBAR Foundation, the company that developed the #Hedera blockchain, tokenised the US Treasury Money Market Fund (MMF) from BlackRock.
After this "announcement", the CRYPTOCAP:HBAR token grew by +125%.
Based on the "announcement," the crypto community decided that BlackRock had entered into a partnership agreement with Hedera. This was indicated by the attached pictures and videos with company logos on Twitter.
However, BlackRock did not take any part in the MMF tokenisation. This "coincidence" caused confusion on social media and a good sharp #HBARUSDT price pump
Personally, we would not buy HBAR now, but would wait for confirmation. If this is not a well-planned manipulative "coincidence" but a real event, then the #HBARUSD price should not be fall below $0.08-0.09
You can buy HBAR there, of course, if you believe in the prospects of this project, with expectations of at least x4-x5 growth.
P.S.: you need to prepare your psyche and critical thinking for the bull run 24-25)
Because in 2017, "such" tweets came out almost every day and kindly pumped various coins.
HBAR SMALL WINS Yo, whatโs up yโall? Good morning. This was a small trade that I took this morning on HBAR. I got this trade on the one minute and the five minute with the 15 minute. With bullish divergence With momentum waves coming to the upside and lower price action with the money flow rolling over locally. Also $.12 was a big demand zone. And might take profit was the highest volume node using the visible range profile.
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