HBARUSDT trade ideas
HBAR Grabbing Buyside Liquidity and finding its HTF Range Top TP Profits clearly laid out corresponding to Premium PD arrays. I don't believe its going to a big bull run. Reversal Level to look out for would be at TP2. If it does take liquidity level at 0.09 cents and consolidates for more than a week or moves strongly past, Hbar to the moon.
Likely ranging on the weekly.
HBAR/USDT Analysis: Massive 800% Gains Expected!HBAR/USDT Technical Analysis: Potential 800% Gains Expected in Next Bull Run
Introduction:
In this technical analysis, we will be examining the current state of HBAR/USDT, a popular cryptocurrency pair, and exploring potential entry points and price targets for long-term holders. Please note that this analysis is solely for informational purposes and not financial advice. Always conduct your own research before making any investment decisions.
Current Market Overview:
As of the latest data, CRYPTOCAP:HBAR is trading at $0.0519. The overall market trend for altcoins is not bullish at the moment, suggesting the possibility of further corrections in HBAR/USDT.
Entry Levels for Long-Term Holders:
For long-term holders, the green box represents the best entry zone. Consider initiating positions at the following levels:
Entry 1: $0.037
Entry 2: $0.028
It's important to be prepared to buy within this zone, as it may present an excellent opportunity for substantial profits.
Price Targets and Resistance Levels:
Once the entry points are hit, it's essential to plan potential exit strategies based on resistance levels. The following price targets are observed on the chart:
Resistance 1: $0.083
Resistance 2: $0.17
Resistance 3: $0.25
Expectations for Next Bull Run :
With the current analysis and the potential for a bullish trend, it is reasonable to anticipate a significant increase in value during the next bull run. An estimated 800% growth from the entry zone is projected.
Support Levels:
In case of any downturns, the following support levels can be considered:
Support 1: $0.037
Support 2: $0.028
🔥 HBAR Bounce Signal With Great Risk Reward Potential!HBAR has been holding up reasonably well compared to many other alts. For that reason, I'm more confident to look for a bullish reversal pattern to play out.
My entry will be around the bottom support, stop just below 0.05, target at the top resistance of the rising wedge pattern.
Navigating Resistance and Support Amidst Positive MomentumHBAR has recently surged to the $0.060 range, but encountered a formidable obstacle as this level acted as a crucial resistance and a strong supply area. As a result, many buyers seized the opportunity to take profits within this range, and this limited the formation of additional demand for further price growth. Nevertheless, there seems to be a supportive zone around $0.050 on the chart, which elicited a positive reaction and still indicates a bullish outlook for the medium-term conditions of this currency.
Unless a strong bearish candle appears under the $0.050 range in the daily timeframe, it's reasonable to expect the price to continue trading within the established range channel. Additionally, if we shift our perspective, we can observe an ascending channel on the chart. As long as the lower boundary of this channel remains unbroken, we can anticipate positive fluctuations in the currency's price, potentially leading it towards the $0.060 range.
Moreover, it's worth noting that the RSI level currently stands at 51. This means there's a moderate level of buying and selling pressure, signifying a relatively balanced market sentiment
HBAR Possible Playout ChartThe price change of HBAR or Hedera is predicted to strengthen in the near future. Currently, its support area is at $0.0531, which serves as a retest of support since HBAR previously attempted to test the resistance at this price in June and successfully broke out in July as confirmation. The target for HBAR's price increase is at the $0.0592 level, which means there is a potential gain of 11.32%. To confirm a failed price increase, HBAR needs to break and close below the $0.05 area, which is both a psychological price level and its support area. #dyor (Do Your Own Research).
HBAR (Hedera Hashgraph) Coin Analysis 05/04/2021we had earlier analyzed and Purchased and Opened positions on this Coin:
Fundamentals:
Billed as the "trust layer of the internet," Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps).
It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.
The HBAR token has a dual role within the Hedera public network.
First and foremost, HBAR the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
Unlike most other cryptocurrency platforms, Hedera Hashgraph isn’t built on top of a conventional blockchain. Instead, it introduces a completely novel type of distributed ledger technology known as a Hashgraph.
This technology allows it to improve upon many blockchain-based alternatives in several key areas, including speed, cost, and scalability. Hedera transactions have an average transaction fee of just $0.0001 USD and typically reach finality in under five seconds. Overall, Hedera Hashgraph claims it can handle more than 10,000 transactions per second (TPS) — compared to the around 5-20 for most popular proof-of-work (PoW)-based blockchains.
The platform offers several major network services. These include:
A token service that allows users to easily configure and mint both fungible and non-fungible tokens (NFTs) on Hedera with just a few lines of code.
A consensus service that acts as a layer of trust for any application or network that needs a secure, verifiable log of events.
Smart contract tools that let developers build powerful and efficient decentralized applications.
Decentralized file storage services with features include proof-of-deletion, controlled mutability, and time-based file expiry.
Hedera Hashgraph uses a novel consensus system known as Hashgraph consensus to keep its network secure.
This uses a rotating governing council consisting of up to 39 highly diversified organizations that span across up to 11 different industries. These are involved with directing the Hedera codebase, voting on platform decisions and operating the initial nodes on the Hedera public network.
Hedera uses a novel form of proof-of-stake (PoS) which allows HBAR users to stake their resources to help protect the network. Right now, all Hedera nodes are managed by either Hedera itself or the governing council members, but there are plans to switch to a permissionless system in the future.
\ Overall, Hedera's security setup ensures it achieves "asynchronous” Byzantine fault tolerance (ABFT) — meaning it can guarantee both the timing and order of a set of transactions, even if some data is delayed or lost.
Hedera Hashgraph has two founders: Dr. Leemon Baird and Mance Harmon.
Dr. Leemon Baird is credited as the investor of the hashgraph distributed consensus algorithm and currently works as Hedera's chief scientist.
Prior to founding Hedera Hashgraph, Baird accumulated more than a decade of experience in various computer science and security roles and previously worked as a senior research scientist at the Academy Center by Cyberspace Research. He also holds the position of co-founder and CTO at Swirlds Inc., a platform for building DApps.
On the other hand, Mance Harmon is Hedera’s CEO and an experienced technology executive and seasoned entrepreneur. Harmon has around two decades of experience holding executive roles at prominent firms — many of which are in the IT security industry. Like Dr. Leemon Baird, Mance Harmon also holds a second position at Swirlds Inc., as its co-founder and CEO.
In addition to the founders, the Hedera leadership team also comprises more than a dozen individuals, many of which have had distinguished careers.
The Hedera Hashgraph token, HBAR, has a maximum total supply of 50 billion units. Out of this, almost seven billion were in circulation as of January 2021 — equivalent to around 14% of the total supply.
Hedera publishes regular reports detailing when the next wave of HBAR tokens will be unlocked. These reports can be viewed here.
According to Hedera's resources, the two project founders each have a coin grant of two billion HBARs, equivalent to 4% of the total supply each. These tokens are vested over a six-year period.
Other senior executives at Hedera (that joined prior to 2018) have coin grants of between 250 million and 300 million coins. These tokens are vested over a period that ends in December 2021.
According to Hedera's Economics Whitepaper (published June 2020), around 17.03 billion HBAR is estimated to be in circulation by 2025 — equivalent to 34% of the total supply.
The live Hedera Hashgraph price today is $0.328376 USD with a 24-hour trading volume of $238,828,303 USD. Hedera Hashgraph is up 0.07% in the last 24 hours. The current CoinMarketCap ranking is #46, with a live market cap of $2,599,706,500 USD. It has a circulating supply of 7,916,866,045 HBAR coins and a max. supply of 50,000,000,000 HBAR coins.
The top exchanges for trading in Hedera Hashgraph are currently Binance, Huobi Global, Upbit, OKEx, and FTX.
Technical Analysis:
as you can see the MACD and Signal Line are showing some Tilt down and crossover, which is the sign of some price correcting though there exist a Mild Bearish Divergence.
by Fibonacci retracement we have defined some retracements levels which are the golden zone and a powerful Support area, which can show some good Support and price may bounce from them to the higher levels
we have defined 3 Targets using Fibonacci Projections of the Past Impulsive wave and presumed Maximum retracement and price correction of 61.8% Fibonacci retracements.
the 3 TP gets its confirmation as the price triggers the 2 TP followed by some price correction and reaccumulation
we are asumung the 3 TP to gets trigried less than and within 8 months time'
the dotted arrows are just to show the bias and process not an actual indication of price forecast
HEDERA | HBAR Potential 72%HEDERA | HBAR Potential 72%
| Targets On Chart
HBAR broken out of key price trendline and looking to potential retest - further short term downside expected so holding off on entry or setting up DCA buys might be best here. Although looking strong in a macro sense with a breakout and retest on the RVD trendline too