HBAR breaking out from accumulation zone
Updated
Hey guys, it's me, sometime I find the time to post a longer analysis even here. I post many quick others on socials.
But let's talk about HBAR: the main picture is the weekly where it appears clear price is breaking out from an accumulation zone which lasted 630 days. A classick Wyckoff accumulation pattern is happening, I will update with a possible trajectory once the breakout is confirmed or the retest is confirmed. Anyway on LTF the forecast is bullish (like anything else these days) even because volume was good. I will wait the end of the week to see how the candlestick closes because there's a bearish DIV on RSI.
I had an hold bag and I added but wonder how much this could go up, I think a 3 to 5x could be the maximum we'll get to be fair but I hoping is free, as long as you remain realistic!
About lower timeframes you can see here the support zone if this retracement completes
daily:
At 4H that liquidity gap that could be be filled or at least touched during the retracement is more visible.
4H:
On the long term I suggest buying if that gap is touched and price bounces back. If it doesn't I'll post updates.
But let's talk about HBAR: the main picture is the weekly where it appears clear price is breaking out from an accumulation zone which lasted 630 days. A classick Wyckoff accumulation pattern is happening, I will update with a possible trajectory once the breakout is confirmed or the retest is confirmed. Anyway on LTF the forecast is bullish (like anything else these days) even because volume was good. I will wait the end of the week to see how the candlestick closes because there's a bearish DIV on RSI.
I had an hold bag and I added but wonder how much this could go up, I think a 3 to 5x could be the maximum we'll get to be fair but I hoping is free, as long as you remain realistic!
About lower timeframes you can see here the support zone if this retracement completes
daily:
At 4H that liquidity gap that could be be filled or at least touched during the retracement is more visible.
4H:
On the long term I suggest buying if that gap is touched and price bounces back. If it doesn't I'll post updates.
Comment
at 4h we had another bounce but check the RSI and volume, strong bearish DIVs Bearish DIVs presents also at daily but weaker
The retracement is in formation, price could tap into that OB up there
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