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After A Year Hedera Hashgraph (HBAR) Has Formed Such Big GartleyPrevious Gartley produced more than 100%: This time on the weekly time frame chart, the priceline of Hedera Hashgraph has formed a very big bullish Gartley pattern and we will discuss this pattern later in this article. Previously when the price action of HBAR formed a bullish Gartley on the 12-hour time frame then it surged more than 100% but this time it has formed on the weekly time frame. SMAs and support and resistance levels: On the daily time frame it can be also observed that the price action of Hedera Hashgraph is moving under the simple moving averages with the time period of 25, 50, 100 and 200. Therefore, there are a lot of resistance levels of the simple moving averages to be broken out. At the same time the price action is at a very strong key level support of 16 cents. Once the price action will be able to break out all the simple moving averages then it can reach to the final resistance that is 40 cents. Previous and new down channels: Previously the price action of HBAR coin was moving in a down channel. On 19 May 2021 the price action turned strong bearish and formed another down channel within the previous channel. This time the price action of HBAR cryptocurrency has found a resistance which is at the centre of the previous channel. After 19th May 20201 the priceline of Hedera Hashgraph is not able to break out this resistance of the new channel. At the moment the price line is trying to break out the resistance of the new down channel. Big bullish Gartley: Now on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 50 simple moving average support in the buying zone. As per the Fibonacci calculations of Gartley the buying and sell targets can be as: Buy between: $0.1916 to $0.1198 Sell between: $0.2480 to $0.3836 The maximum extent of the buying zone $0.1198 can be used as stop loss. As per the above targets, this trade has a profit possibility of up to 220%, and the loss possibility is 38%, however, in order to minimize the loss,I would suggest using 50 simple moving average as stop loss.
Long
by moon333
2
HBAR/USDT Holding Support LevelWith today's bloodbath in many cryptos, such as BTC and ETH, I was expecting HBAR to follow their lead and drop with them. However, HBAR has held steady, and did not drop below a key support line that I have previously identified. With the recent pickup in new accounts created, and with stronger network effects, I believe we could see an HBAR price well above $1 if the crypto bull market continues. Of course, HBAR could rise in price even if other cryptos stay depressed, but a more positive outlook on the entire crypto market will help HBAR a lot as well. Let me know what you think.
Long
by Amci99
HBAR stuck in downtrend Hedera has been in a downtrend channel since mid march or so and we are struggling to make it out, now the channel may not be 100% accurate size wise because of the multiple tall wicks but another could argue there is a couple down channels within the larger one. We were getting fairly close to that bottom bollinger band which could of drop us to the bottom of the channel or even lower but it seems like we have found some footing, first of all we gotta break above the midline on the bollinger bands if we want to start to see a climb upwards. and also with the bands squeezing down on us we are in the coming days/weeks going to see a large scale move, no one knows exactly what direction it'll be in but the more the bands squeeze the bigger move we are going to see. on the Wave trend oscillator we have found some declining support and it looks like our current wave could be reversing on this support, getting ready for a next wave upward. we are just about at the buy zone so we have tons of room to make a big run upwards, one spot we will have to keep an eye on is this downwards resistance that could give us some struggle once we reach that point, if we do smash through this resistance we could be looking at a nice sized run that i believe would bring us up above the midline of the bb's and also even better probably to the top of the bands which could then induce another huge run upwards. remember though BTC is the market mover so that is always a big factor that could end up voiding this whole TA lol. Not financial advice just my opinion!
BINANCE:HBARUSD
by JacobR905
1
HBAR - Potential Bearish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. HBAR is sitting around a strong daily demand zone in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: HBAR is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, HBAR would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:HBARUSDLong
by TheSignalyst
45
HBAR / USD - On Balance Volume Rising Since March.. Last.. YearOn balance volume for HBAR / USD (as well as the BTC pairing) have been rising steadily since March of 2020, when it dipped momentarily following the insane Google news rally. What do we know about OBV? OBV rising as price falls or remains flat indicates price will eventually rise. We can see that it did exactly that proceeding the Google rally, as price corrected while OBV rose. The end result was a 1300% increase in price in approx 120 days, 1000% of it within 90 days. Here we are again, a prolonged correction following the last rally, and on-balance volume has continued to increase. I'm expecting a promising future for Hedera Hashgraph, as compared with Chainlink and early Litecoin, both of which I've done chart comparisons with for HBAR that have so far turned out to show incredible similarities. See links below to previous related USD and BTC pairing charts, as well as some of my older comparisons with the other two alts that experienced extended growth in the past.
BITTREX:HBARUSDLong
by dudebruhwhoa
4
HBAR / BTC - Repeating Pattern UpdateQuick update, the repeating pattern idea posted a while back continues to be the most accurate of my forecasts for HBAR / BTC. We bounced off of the green support area, as well as the top of the bull flag we broke out of. This was the same behavior we saw prior to our previous big move up. The longer we drag out here, whether through June, July, or longer, the larger the potential becomes for our eventual move up against bitcoin. Alternatively, the more immediately we move, the lower the high will be as opposed to dragging out for weeks/months (see TP 1 and 2 for a more immediate move, for a dragged out move - we could see 1400 to even 3.5k sats or higher). Expecting that we range for some time between the green support and red resistance areas for some time, potentially with a few wicks that could take us to or near 700-860s sats or as low as the bottom of our green support area (potentially touching the top of the flag again if lower). Eventually we should break our recent high and/or 864 (weekly all-time high), re-test and then take off into price exploration. Original chart linked below and here:
Long
by dudebruhwhoa
3
HBAR following the BLUE LINEThis is actually blowing my mind. I dropped a few trend lines on the HBAR chart — one that has been support since December 2020, and another one that has been a down trend line since March of 2021. I also dropped a shorter term downtrend line that was in the shorter term, but it isn't relevant yet. Well, HBAR broke back above the five month down-trend line. I'm happy about this. It has also followed the blue line that I drew a few days back, and appears to be now dropping with the blue line I drew. As much as I don't want to see HBAR drop, I can't help to be okay with it as the rest of the blue line suggests that we will be exploding up in the near future. This is not financial advice. Please do your own research. :)
BINANCE:HBARUSDLong
by Milk_N_Peanuts
2
HBAR - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. HBAR is sitting around a strong weekly demand zone in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: HBAR is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, HBAR would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:HBARUSDLong
by TheSignalyst
22