HBAR/BTC is a cryptocurrency trading pair that represents the value of Hedera Hashgraph (HBAR) in Bitcoin (BTC).
In terms of technical analysis, the HBAR/BTC pair has been in a downtrend since its all-time high in September 2021. The pair has been making lower lows and lower highs, and the 50-day moving average has also been trending downwards.
The relative strength index (RSI) is currently at 30, which indicates that the pair is oversold. However, it is important to note that this does not necessarily mean that the pair will rebound immediately.
The Moving Average Convergence Divergence (MACD) histogram is also in the negative territory, indicating a bearish trend.
Overall, the technical indicators suggest that the HBAR/BTC pair is currently in a downtrend and may continue to decline in the short term. Traders should exercise caution and consider waiting for a clear trend reversal before entering a position.
In terms of technical analysis, the HBAR/BTC pair has been in a downtrend since its all-time high in September 2021. The pair has been making lower lows and lower highs, and the 50-day moving average has also been trending downwards.
The relative strength index (RSI) is currently at 30, which indicates that the pair is oversold. However, it is important to note that this does not necessarily mean that the pair will rebound immediately.
The Moving Average Convergence Divergence (MACD) histogram is also in the negative territory, indicating a bearish trend.
Overall, the technical indicators suggest that the HBAR/BTC pair is currently in a downtrend and may continue to decline in the short term. Traders should exercise caution and consider waiting for a clear trend reversal before entering a position.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.