HBARUSDT trade ideas
HBAR Wedge pattern with some juice?Hellow traders!
Here’s a quick idea with a few tips on entering the trade.
Listed on this chart are 3 different buying areas. The first is the bottom of the pattern entry. This entry area will give you the least amount of risk when pattern trading. If you’re looking for this entry, you will want to see price action bouncing off of the bottom of the pattern on its third swing to the bottom support trend of the pattern. Waiting for a closed candle and another bullish candle to appear in this area will grant you better win statistics purchasing here. This entry presents the best gain potential but, will most likely hinder your win rate.
The second entry point is the breakout area, to me this is one of the more risky plays as you can see here there were multiple wicks crossing out of the upper trend followed by a swift reversal in price action. The best play to take this entry is to wait for a decent time frame to close a candle outside of the pattern. 2hr at very least but, I like to look for a 4 hourly candle. This entry is the riskiest imo, due to the fake outs, the lessor of the 3 entries when it comes to profitability and larger risk compared to your reward.
The last area to enter is the retest area. This is arguably the best area to enter a trade. This one takes patience but, will pay off in the end as a few things happen when you wait for the retest. First, you will see the price breakout of the pattern which in this case is in a downtrend, making a higher high then giving you the first sign of a trend reversal, all you need next is a higher low. Which comes when you have the retest at the top of the pattern. When the price comes to retest you want to see bullishness within the candles structure, which confirms that other market participants may be in the same direction as your trade and has a higher likelihood of success.
Have a Green week and pray for all of those displaced in the dispute in Ukraine!
SAVVY
HBAR: M-pattern & Wedge BO may lead to 116% Target long termHBAR seems to have completed a M-pattern & now resting along the 0.854 Fibo support zone. A final place for reversal.
RSI & STOCH are turning up from oversold. Volume is increasing.
Looking at the range, we may set Take Profit levels at 0.41 & then at 0.49 (a 116% upside from current price of 0.217)
Wait for BO from falling wedge.
Not trading advice
HBARUSDT, It can make new LLHello everybody
One of the most popular and powerful project in crypto is hedera hashgraph, You must be asking yourself, Why ?? Because ...
If you want to learn Fundamental & Technical analysis send us messages in private ---> Our id is in profile
According to the chart and our previous serial analysis, after the price broke that trendline support zone area the price its be ready to fall down and make new LL and this scenario happend and after some pullback we were made new LL and now the kind of last cycle can be happend and what kind of root that we shown on chart can be happen and make new LL.
If you wanna entrance in position and make profit from this maybe drop price you should observe your capital and put your stop loss at the end of the higher shadow of HL a little upper and sit and only manage your position, because the trend do everything we wanna need . :D :D :D ;D
Good Luck
Abtin
Previous analysis :
HBARUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. There is the S1 line which the price has hit several times and moved up. You see that the price has hit the S2 line 2 times and then moved up. There is the R1 line which the price hit several times and could not break it. The price has now broken it but is not stabilized yet. We expect the price to move up to the R2 zone from here. If it goes below the S1 line, it can go down to the S2 line. If it goes lower than that, we will update our analysis.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
HBAR looks primed and ready!I Feel like I am posting a lot of wedge formations at the mo but I presume that is because a lot of coins have been following btc. This chart setup looks lovely from my perspective! we have the higher low red trend line as major support and is being respected with some nice sharp rejections. also an enormous falling wedge formation which looks textbook with each trend line being respected with good rejections. The latest rejection on the upper trend line looks softer then the previous which is a good sign. A pullback now to 0.23 will be perfect for entry after confirmation before HBAR breaks out impulsively.
#HBARUSDT 4H Chart
Price previously bounced from the support area around $0.214 and left a 4h demand zone around $0.22. MACD is now showing some bullish weakness, RSI is overbought and EMAs are turning bullish. Price failed to test the 6h supply zone shortly and is now moving down. I am expecting a retracement towards the support at $0.234 and, if broken, the 4h demand. Waiting for more confirmation.
HBAR Analysis1W/1D Charts
HBAR price action on weekly looks nice here, big impulse moves up and corrective moves back into demand zones.
Had a nice reaction off weekly demand zone forming another reversal candlestick formation with a pinbar close on prior weekly candle.
Again, MACD converging and showing some signs of strength with bullish divergence on the daily.
Come into a daily supply zone, expecting a reactionand pullback into the weekly demand zone again.