HBAR time has come. Choo choo!
This analysis is based on Elliott, fibonacci, pitchfork, and pattern of past bull runs.
I am posting charts of smaller time frames below too for more detail.
The algos tagged the golden zone (0.618-0.65 fibonacci) in log scale. Because of this, I do the target estimations in log scale. This results in an uber target estimation.
I pattern the estimation based on previous 4-yr cycled bull runs. The white squares are based on timelines (month it occurred) of previous waves 3,4 and 5. For example, past bull runs ended wave 5 top November or December.
Notice the yellow wave 2 off the bottom is very long in comparison to the yellow wave 1. This leads me to believe, that a major pump is in the works after such a long correction/accumulation.
Take the estimate with a grain of salt, as still quite early to be projecting 2 years in advance.
I am posting charts of smaller time frames below too for more detail.
The algos tagged the golden zone (0.618-0.65 fibonacci) in log scale. Because of this, I do the target estimations in log scale. This results in an uber target estimation.
I pattern the estimation based on previous 4-yr cycled bull runs. The white squares are based on timelines (month it occurred) of previous waves 3,4 and 5. For example, past bull runs ended wave 5 top November or December.
Notice the yellow wave 2 off the bottom is very long in comparison to the yellow wave 1. This leads me to believe, that a major pump is in the works after such a long correction/accumulation.
Take the estimate with a grain of salt, as still quite early to be projecting 2 years in advance.
Note
HBAR daily in logarithmicNote
HBAR 4hr arithmetic. This shows the count of the corrective structure, as it was quite difficult.Note
HBAR 2 hr arithmeticI believe the wave 1 has completed. Wave 2 is a wait and see.
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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.