Remains Bullish Above the Wedge
HBAR will remain bullish as long as it remains above the wedge it broke out of. This is a re-draw of the previously posted wedge that I think makes a bit more sense.
Should it stop moving down anywhere above or within the green box, I'll expect it to continue up towards targets marked on the chart above - TP 1 and 2.
Should it stop moving down anywhere above or within the green box, I'll expect it to continue up towards targets marked on the chart above - TP 1 and 2.
Note
Down in the re-test area now, still above the wedge -- daily candles need to continue closing above the wedge or this becomes invalid. Let's see if we close above it todayNote
Note
Update - bounced off of re-test area perfectly. Wedge re-drawn w/ wedge lines snapped to line chart and then converted back to candlesticks:Trade active
Headed towards targets finally:Trade active
Should start heading up towards 6-7 cents soon
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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.