The high time frame structure for HBAR remains clearly bearish. Price action has been following a consistent pattern of lower highs and lower lows. The last major swing high formed when price tapped into the point of control and 0.618 Fibonacci retracement—exactly where HBAR is now
Key Points:
- HBAR is testing the same confluence zone (Point of Control + 0.618 Fibonacci) where the last macro lower high was established.
- Current price action shows no daily candle closes above resistance and volume remains below average.
HBAR is trading at a major resistance zone, showing striking similarities to the previous macro lower high that led to a breakd
Key Points:
- HBAR is testing the same confluence zone (Point of Control + 0.618 Fibonacci) where the last macro lower high was established.
- Current price action shows no daily candle closes above resistance and volume remains below average.
HBAR is trading at a major resistance zone, showing striking similarities to the previous macro lower high that led to a breakd
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Free Alpha Group t.me/freetradingden
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
Unlock up-to $8,000 USDT in bonuses, only at Blofin - Link Below to start Trading.
partner.blofin.com/d/alchemisttrader
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.