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📉 Falling Wedge Alert on $HBAR! Potential Reversal Opportunity?Hey traders! Check out the falling wedge pattern I identified on CRYPTOCAP:HBAR (Hedera Hashgraph). Is a bullish reversal in the cards? Let's analyze and explore potential profit-taking levels! 📊💡 Pattern: Falling Wedge 📉🔽 Symbol: CRYPTOCAP:HBAR 💰 Overview: A falling wedge pattern on CRYPTOCAP:HBAR suggests a potential trend reversal from bearish to bullish. It forms when converging trendlines indicate decreasing volatility and selling pressure. Now, let's discuss potential profit-taking levels! ⚡💹 Key Features of the Falling Wedge on CRYPTOCAP:HBAR : Converging Trendlines: Upper trendline connects lower highs, while lower trendline connects higher lows, indicating a potential shift in sentiment. 📈📉 Decreasing Volume: Observe declining trading volume as the pattern develops, implying diminishing selling pressure. 📉🔻📈 Breakout Expectations: A bullish breakout from the falling wedge can be anticipated. Traders often await a decisive move above the upper trendline for confirmation. Exercise patience and confirm a clear breakout before executing trades. 🚀📈 Profit-Taking Levels: Take Profit 1: Consider booking partial profits as CRYPTOCAP:HBAR breaks above the upper trendline and reaches the first significant resistance level around $.07. 🎯💰 Take Profit 2: If the bullish momentum continues, look for the next resistance level around $0.10 as a potential profit target. Adjust your position accordingly. 🎯💰 Risk Management: Implement effective risk management techniques to protect your capital. Set appropriate stop-loss orders below the lower trendline to mitigate potential downside risk. Adapt your trading plan as market conditions evolve. ⚠️💼💡 Disclaimer: Trading cryptocurrencies carries risks. Conduct thorough analysis, seek professional advice, and take responsibility for your investment decisions. #FallingWedge #HBAR #Cryptocurrency #TradingOpportunity #TechnicalAnalysis #ProfitTakingLevels #BullishReversal #TradingStrategy In conclusion, the falling wedge pattern on CRYPTOCAP:HBAR indicates the potential for a bullish reversal. Monitor the breakout and adapt your strategy accordingly. Don't forget to implement proper risk management techniques. Good luck! 🚀📊 (Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
Long
by STP_MrNodeItAll
4
HBAR Bottoming HereRSI trending up during the entire falling wedge, it bottomed as the wedge started, and then moved above 30 at its bottom. Wedge broke out, price fell back to weekly support near the same bottom. So, we have bullish divergence b/w RSI and price, a bullish falling wedge that broke out but hasn't risen yet. Price fell back to weekly support a second time, potential double-bottom. Finally, price is moving within its tightest range on the daily in its entire history. Could we see a final strong drop before it moves up? Yes, but it looks good and ready to at least make a move into the first area of resistance, and back into the 200s. I think a larger move is in store, however. Let's see. See my other post on HBAR/USD in the related ideas below. I think HBAR wants to move back into the middle of weekly resistance vs. USD (around 21-31 cents)
Long
by dudebruhwhoa
🔥 HBAR Falling Wedge Reversal Signal: Patience!HBAR has been selling off for months now. In this process, it has formed a falling wedge, which is generally a bullish reversal pattern. The signal will be activated once the price has broken through the top resistance and closed above it. Patience! A more risky bet would be to make an entry around the current area in anticipation of the break out. Stop below the recent low, target at 2023 top. Risk-reward of >7 is very respectable for this trade.
Long
by FieryTrading
12
Previous Pattern Targets vs. Possible Path Back to Top or BottomHBAR made two major wedge patterns that hit pattern targets with incredible accuracy. First - a bullish wedge exit that led to a 3x measured move up and a final wick up that ultimately stopped approx. halfway between 3.5x and 4x. Second - a bearish wedge exit that has so far reached a 2x measured move down from where it exited. Let's see if it makes a 3rd wedge that, when exited in either direction, may revisit weekly top or hit all-time low on a 2x measured move in either scenario; potentially creating a double-top or a double-bottom at its completion.
BINANCE:HBARUSD
by dudebruhwhoa
HBAR Could Move into Weekly ResistanceHBAR could move into weekly resistance if it continues to hold the top of weekly support, if it crosses and remains above the yellow neckline shown on the chart above. If it doesn't just move up from here, it may move back down towards its previous low at the brighter green / stronger area of weekly support. If it does that first instead, I would expect a stronger move up than shown here. Keep an eye on DXY as it could affect things positively or negatively, long-term: Also, pay attention to HBAR's bitcoin pairing, it is also at the top of weekly support and in between that and its weekly resistance. It had a long wick down into weekly support so it could drop more, depending on how it moves against Bitcoin and what Bitcoin does:
BITTREX:HBARUSDLong
by dudebruhwhoa
✳️ Hedera Hashgraph vs Bitcoin | Long-Term Bullish, Easy 100%+Hedera Hashgraph has been growing long-term vs Bitcoin, we say this based on the fact that a low was hit December 2020 and higher lows have been printed since. Prices peaked September 2021 and this marked the beginning of a long downtrend. A higher low comes in May 2022 followed by another one December 2022... Now, in 2023 HBARBTC breaks the downtrend that started in Sept. '21. Just this week the weekly candle is moving above this downtrend line while the RSI turns bullish and prices move above EMA10. With the higher lows in place the potential is set for a higher high on the mid- to long-term. Short-term a nice bullish wave can happen, easy 100%. If case of a negation/rejection, the last low at 0.00000215 satoshis can be used as a stop-loss. We use manual stop-loss, that is one or two full candles closing below the desired level. We do this in order to avoid being taken out by liquidity/stop-loss hunt moves. Namaste.
Long
by MasterAnanda
5
HEDERA HBAR price can growth +100%-300%Hedera's price is now in an interesting liquidity zone. Previously, the HBARUSDT trading chart showed the following: whoever controls the liquidity zone of 0.055-0.065$ organizes a powerful impulse in the direction they are interested in. Since it now looks like buyers are trying to keep the price at the liquidity zone retest and not let it go lower, it means that they are the ones who are "calling the tune". That is, the chance for an x2 move on the blue route looks quite promising. However, it is worth remembering that at the same time, the BTCUSDT price is currently in a critical zone. In the event of a breakout to the downside, altcoins will definitely repeat the movement of the BTC price, even if it is short-term. This is the white scenario for the HBAR price. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
39
HBAR as a Good Example of Common Patterns & Measured MovesHBAR presents a good example of how simple market pattern trading using measured moves still work quite well. As these are moves in crypto, the measured targets exceed recommended lengths for a typical pattern trade, yet still line up quite well in continuing to use the same measurements beyond 1x -> 1.5 or 2x. First, a parallel channel containing a double-bottom, saw a nearly 4x measured move up on the weekly. Its highest wick, breaking 4x. Then a rising wedge that could also be called a double-top, worked out for a nearly 2.5x measured move down back into weekly support; stopping inches above the stronger area of support near the bottom. Also, if you look at HBAR's most recent weekly highs, they stopped right around the 1x measured target of the upward move, and is now pushing on the 1.5x measured target of the downward move. Both measurements are still providing direction on where price might make pit-stops.
BINANCE:HBARUSDEducation
by dudebruhwhoa