I've been bullish on HBAR, now that i'm posting a chart that is short, watch - it'll probably do the exact opposite, this is crypto...
Possible short-term correction occuring any moment, likely within the next 12-24 hours. If not.. a fake out!
Fib retracements added for targets comparison
Observing / comparing the following shows an incredibly similar pattern with each other: Top: HBAR / BTC current daily chart Bottom: HBAR / BTC chart pattern printed on shorter timeframes during the rise from 114 - 865 sats in early to mid February
Just an observation: If you zoom in to the daily or 4 hour and look at the structure prior to the first circle on the left: You will see bitcoin's daily chart looked nearly identical to our current monthly chart just prior to the 2017 run up to our last all-time high. Also, if you zoom in on both circled areas on the smaller time-frames, you will see that...
We're breaking out of an inverted head and shoulders pattern printed on the daily chart, beware BTC
Cup and Handle Long idea with 4 potential targets, fib retracement added for comparison to basic cup and handle targets Drew handle semi-ignoring the momentary covid crash/dip
Been saying this for a good while, the longer this keeps taking, and the lower the price goes, the higher I believe it has to move. Today Coinbase announced HBAR as a candidate, Bitcoin.com added it to its exchange, 15 incredible companies on the governing council, and we are still hovering around 49-51 position on mcap. I believe this has a ton of room to...
Update / Edit - corrected shifted trendline at top of triangle in snapshot above ^^^ Let's see if HBAR bounces off of the top of this symmetrical triangle and brings incredible profits. Volume is currently rising with price Beware BTC - although if it runs, i think there's a chance HBAR may run with it. Everything else is pumping right now except for...
Just an idea, let's see if it plays out
Altcoins may see continued favor for a short period. I'm looking for a double-bottom where the 2nd circle is drawn. After we hit 62% again, I think we'll see a massive rise in BTC dominance and bitcoin value. Many will exit altcoins until bitcoin reaches near its new peak value, and then a real altcoin season will start, before everything starts correcting...
HBAR still looks fantastic on the USD chart, BTC value went down significantly today however. BTC can change things in an instant, even on a great looking chart, so plan for both scenarios just in case.
Look at how perfectly this retraced to the .236 fib after it changed direction following the google news. We're looking a heck of a lot like Ethereum / USD (whether you are looking at this pair or the USD pair) before it's mega-move from 40 cents to 1400 dollars. We also look a lot like Tron / BTC chart before it's massive 2017 run.
We moved back down into the triangle, HBAR is having a difficult time deciding where to go, though the monthly chart still looks like a giant bull flag - it could still go either way. We are almost at the end of the triangle, expect it to make a choice very soon.
We broke the triangle on HBAR / USD, if this becomes a clean break, 10.1 cents is possible News today - AUD is testing a digital stablecoin running on HBAR / Hashgraph
New idea - bullish diamond reversal, min target - length of diamond, max target 1.75x length of diamond
Was just noticing this on the chart, after bottoming Hedera Hashgraph appears to have made a similar pattern on the chart as the larger pattern printing now. Will we see a repeat of this? The last time was predicated on the announcement of Google joining Hedera's governing council.
Let's see if we bounce here or break downwards. A bounce from here is a very good sign for strong bullish continuation, a break back into the triangle puts us back into consolidation, a break below the triangle is a strong bearish signal.