… May I have your attention, please?Will the real Slim Shady please stand up?
Just to entertain the thought
Sooo, HBAR has reached it's downward sloping trendline while at the same time being in a descending triangle formation (not that it would matter) (and also kinda below it already) (trap)
well anyways the volatily it squeezing and the momentum is currently favoring down action, which can slide to the bullish territory quite easily with a small pump.
If it would pump i wouldn't see it making a higher high, based on nothing. But making pump to the resistance would likely cause bearish divergence on RSI (getting way ahead of things)
which would lead to a correction back to current price levels, making possible small little higher low while at the same time a macro future higher low,
But the most important part of this analysis is noting that there is FVG down at the white horizontal box area, if its not visited before macro reversal,, should it mean that the baby would be filled as a next bear markets low,, that indeed would b quuuite nasty, (once again) singe alts seem to like these over exaggerated reversions "to the mean" (back to beginning) xD
Conclusion
w8 4 a break confirmed w volatility expansion
=VOLUME CONFIMERD BREAK
