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$HBAR Log chart Elliott Wave Analysis. Floki here with the first of many Elliott Wave Analysis crypto updates.
Starting with HBAR, a coin very close to my heart, which I will qualify as Blue Chip going forward. The RL use cases it brings to the table are undeniable.
But on the technical side, is the correction done? I'd say the odds of it being done are at about 70%. There is still room (30% chance) to go lower with a final 5th wave of Ⓒ. That would make this whole move up and down a Macro i & ii. And we all know what comes next right ? The infamous wave iii on macro scale.
My bias was way off in my last analysis on January. But the market has shown us its hand as of now.
Trade safe y'all.
HBAR - Longterm View!Hello Kucoin S Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
HBAR is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes.
H4: Right Chart
HBAR formed a valid double bottom. For the bulls to take over, we need a break above the necklinemarked in gray.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, HBAR can still trade lower inside the blue demand zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HBAR - Possible Expanded Flat Correction HereHBAR dropped a bit lower than the typical expanded flat target @ 1.618 of its trend-based fib (which is around 9 cents as shown, and where I initially drew the green arrowed line for our reversal). Instead, we fell a bit lower to strong support at the area of the green box around 5-6 cents, but also held the daily and weekly trends. Weekly was nearly lost but was quickly reclaimed.
We also have strong bull divs showing on most of the major indicators, and OBV (not shown) has continued to rise throughout the downtrend, plus our 50 weekly MA wants price to break back above the daily trend and get us back to an area around 24 cents. Good confluence from indicators here on a lot of different fronts.
With all this in mind, if we can first break and hold above our weekly, and then daily trends, I'd suggest we're in a full fledged reversal and may see the expanded flat correction play out, taking us to a new ATH. Keep in mind this may take some time to come to fruition (months, not days or weeks), but we should start seeing signs of the reversal fairly soon if we continue to hold support at the green box.
It is still possible that we drop all the way down to 3 cents before reversing, should support not hold, but that could still keep everything above in play as long as we don't lose the weekly/daily trend bottoms w/out quickly reclaiming them again.
Here was my original post, prior to moving lower towards support:
Hedera | Reversal Candle Explained (185% Potential Profits)We have two candles marked on this chart, 5-July and 18-June.
The 5-July candle is a hammer and when it shows up near support it can signal an upcoming reversal.
Notice that this candles wick hit below the 18-June candles low, that is 0.0581.
It hit lower at 0.0550 but the close happened at 0.0617.
So the 18-June low holds as support which can lead to higher prices.
On top of the reversal candle we can notice EMA300 and MA200 starting to trend downwards.
When you see these indicators trending down coming from above, prices tend to shot up in the direction contrary to the moving averages.
We also have the low 12-May followed by a lower low on 18-June, a pattern that is also present in many altcoins that have grown two to three digits in a matter of days.
For traders, this is a very good chart setup.
The risk is very low, around 15%.
The potential rewards very high, over 100%.
If we lose, we lose small.
It is ok, we can take a loss, it is normal in this type of busines.
If we win, we win big.
That's perfect, that's what we like.
Namaste.
#HBAR / #USDT : Analysishello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day!.
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Notes related to this analysis :
- The price is in the Zone of strong demand /Support that has caused the price to bounce upwards in the past
HBAR - A lot of trapped positions we will liquidateReasons to take long:
⭐️ BTC is bearish
⭐️ Updated previous high and trapped a lot of bulls
⭐️ Recently trapped bears
⭐️ Price is squeezing to the level
⭐️ 4th touch of the level
⭐️ 50 ATR
⭐️ Under VWAP
Will enter on retest
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Hedera Hashgraph (HBAR) formed big Cypher for upto 2639% rallyHi, dear friends, hope you are well and welcome to the new trade setup of the Hedera Hashgraph (HBAR) coin.
Previously we had a nice trade of HBAR in the short term:
Now on a monthly time frame, HBAR has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
HBAR - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for HBAR .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
HBAR/USDT: Get ready for recovery soon !---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
HBAR/USDT: Get ready for recovery soon !
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset Hedera (HBAR) is suffering about negative global market situation, however the recent progress in term of technologie adoption (Graph, bridge, storage, stacking) offer today an opportunity to enter in the next phase of HBAR Recovery
Main ressources
Coin Market cap (Supply) => coinmarketcap.com
HBAR Stacking (44% APY) => hedera.staderlabs.com
HBAR Wallet (HASHPACK) => www.hashpack.app
HEDERA (Website) = > hedera.com
Market configuration
- Graphical Elements :
Graphical Resistance = 0,2580 & 0,57
Graphical Support = 0,0830
- Mathematical Indicators:
EMA ( Exp Moving averages) are capping the market at 0,1450 = Bearish
RSI indicator (below) is bouncing off but still below 50% - However it reached an extrem level like early 2020 = Pre Bullish signal
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B has been already reached = 0,0730
Fibonacci support of the wave c B (max extension) = 0,0640
Fibonacci Bullish Target = 0,1450 and 0,2580
Fibonacci Bearish Target = 0,0440 and 0,0250
Conclusion
Prefered case => HBAR is now expecting to accumulate bullish momentum on current level as long as 0,0640 remains support to develop a significant recovery towards 0,1450 and 0,2580 !
Alternative case (ii) => In case of 0,0640 support breakout the rise will be invalidated opening 0,0440 support area