Hbar Gearing Up For A Big Move
Updated
This project has multiple Fortune 500 companies on it's board and they are likely to announce more council members announced soon. Hedera currently has the most transactions per day out of any crypto with a daily average of 3.5 million transactions. They are currently approaching a milestone of 500 million total network transactions. I believe this DLT is going to be huge this year and now looks to be a good time to get in.
This is my first post on Tradingview so if you could give me a like it would be appreciated.
Remember this is only my formed analysis outlook. Research the project for yourself, as this is not an endorsement or recommendation to buy or sell.
This is my first post on Tradingview so if you could give me a like it would be appreciated.
Remember this is only my formed analysis outlook. Research the project for yourself, as this is not an endorsement or recommendation to buy or sell.
Note
We have been consolidating and volume has dropped off significantly, so I'm expecting a move over the next 24-36 hrs. It would make more sense to move up (5th wave) from here to the top of the channel before a correction. There is currently lots of support (ascending triangle, rising trendline, and channel) so I think the risk/reward here is good. A break of 8.5 cents and Hbar will head back down to weekly support at 5.45 cents. I don't see this likely happening though as Bitcoin is moving up and the overall market looks healthy for upside here. Ideally we move to the 18.5-20 cents range and that is where I am looking to take profits on a portion of my holdings.
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