Looking for bullish followthrough for HBAR
Updated
HBAR TRADE.
We had a double top at 43 cents and yesterday hbar found support at the range low of 28 cents. This key level triggered a 36 hour rally bringing price to the .61 fib level of the corrective move from 43 to 28 cents. We are likely taking a red day tomorrow with a long wick here at the daily close. Small head and shoulders on the 1 hour chart supports a red day tomorrow. A break of the neckline confirms it.
Entry is marked in the chart, 0.315-0.305, with a stop loss below the range low of 0.28. Upside targets are as marked.
These targets are not my long term targets, but good opportunities for a trade, or taking some risk off after private sale.
*not investment advice*
We had a double top at 43 cents and yesterday hbar found support at the range low of 28 cents. This key level triggered a 36 hour rally bringing price to the .61 fib level of the corrective move from 43 to 28 cents. We are likely taking a red day tomorrow with a long wick here at the daily close. Small head and shoulders on the 1 hour chart supports a red day tomorrow. A break of the neckline confirms it.
Entry is marked in the chart, 0.315-0.305, with a stop loss below the range low of 0.28. Upside targets are as marked.
These targets are not my long term targets, but good opportunities for a trade, or taking some risk off after private sale.
*not investment advice*
Note
price moving in bull flag on low time frame (1hr), which supports bullish continuation for the next days.
ACTION:
Follow the flag and buy the breakout, or buy the target entry price if we get there.
Note
Potential break of bull flag. Buy the retest.
4 hour candles shows red candles show bulls buying anything below the .382 fib level.
Trade active
entry at .382 fib lineNote
Market showing some indecision over the last 20 hours, with consolidation at $0.34. Expecting a pop upwards with a green candle tomorrow. The last two green days have had large wicks to the upside showing bulls are yet to fully step in. I'm looking for the $0.36 level to be confirmed support on the 4 hour and a strong daily close.
Note
Yeah, this is what I'm talking about. Strong daily close. Will be watching volume and price action as we approach the 43-45 cent zone.
Note
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Since the last update we got rejected from the 38 cent level and fell through support at 36. Last night we retested the 36/37 cent level and got rejected. For the time being we have found support at 34 cents and perhaps retest the 37 cent level.
If we break down from this 34-37 cent range 30 cents is on the table, where we will meet the rising 50 DMA. The 50 DMA has acted as support across the market and may bring us the strength to push through the 40 cent resistance.
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