HBAR today vs. Solana Last August
Weekly charts for both create a nearly identical pattern in a right-angled ascending wedge. Solana happened faster, HBAR is taking it's time.
What do we know about things taking their sweet time to move? The longer it drags on, the bigger the move.
Pattern similarities shared:
- both in right angled ascending wedges
- both made 3 pushes higher
- push 1 follows with a higher low than push 2
- push 2 follows with our lowest low
- push 3 is significantly higher than the rest
- push 3 correction is steep, drawn-out, but ending in a higher low than all the other pushes
Let's see if HBAR continues to share similarity here when it finally decides to exit the wedge.
What do we know about things taking their sweet time to move? The longer it drags on, the bigger the move.
Pattern similarities shared:
- both in right angled ascending wedges
- both made 3 pushes higher
- push 1 follows with a higher low than push 2
- push 2 follows with our lowest low
- push 3 is significantly higher than the rest
- push 3 correction is steep, drawn-out, but ending in a higher low than all the other pushes
Let's see if HBAR continues to share similarity here when it finally decides to exit the wedge.
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