HBAR / BTC - Weekly needs to close above 520-30sNeed to see weekly close above the green box here, better yet the X, for us to remain bullish. We don't want to see it close below the green box or get back inside of our channel from the bull flag we previously broke out of.
Here's what I'm hoping for, regarding the bullish scenario - it looks like we were about to begin wave 5 (not just with HBAR, but with a lot of cryptos in the market, including BTC), and then corrected hard. This could be a strong attempt to get in lower before that wave 5 happens. That said, if we close much lower than where we are now, we could see more bearish or even sideways movement for months.
Let's see where today's weekly closes in approx 9 hours from now, and will update.
Hbar
HBAR / BTC - Ready for the Next Move UpOur trend line has acted as a pivot for the last 3 moves, each time we found a bottom, twice, which ended near the trend line, and followed with a significant move up. Assuming this occurs again and we don't break below the trend line, we can expect a move to ~1000 sats, possibly as high as 1125.
Close below the trend line on the daily invalidates the trade. Possible outcomes of a break below the trend line are:
- repeating pattern idea:
- triple bottom vs. btc (or a giant HSi may form)
Chart from this post is Heiken Ashi daily chart, levels were drawn using multiple time-frames, main trend line is drawn from daily candlestick. Targets are chosen via double bottom projection and fibs.
2 Hour Candlestick Chart zoomed in:
Daily Candlestick Chart, also zoomed in:
Hedera finally the real blockchain for real world… few words from person which is watching this market for over 5 years and looking for long term patterns based on fundamentals and utility not the promises of the founders.
I am not going to put any technical tools as they are useless when chart is couple of months old. Technicals are using in grown and harmonic markets.
In 2016 when I got interested in blockchain related topics I found that Ethereum real feature which can be used in near future. There were many ppl teachings how to program smart contracts it really looked like future of payment, electric cars’ payments electric bills etc.
All governed by blockchain which should work perfectly.
There were many projects like ETH lottery etc.
We have mid of 2021 and nothing like this happen. There is a plenty of promises made but nothing really happened. There is no popular eth lottery as far as I am concerned. Eth in current stage is too expensive and slow. I heard rumour that Visa will be using eth blockchain.
Waiting few hours for transaction to went through the network and see like 10% charge for payment is scenario I would expect in current stage of development.
…Friend is telling me from time to time about new crypto coins and it was some time ago he mentioned Hbar. Most of the coins he mentioned never got my interests but this one is a totally different story.
The conclusion I made was that it is quite possible that are witnessing time loop or back in time scenario.
What I mean by Time loop:
Hedera with its possibilities (fast the best security possible and normal price for transaction) sounds very promising like ETH in 2016 but with difference in terms of technology and blockchain awareness.
Like most projects it is backed up by big companies/corporations. When you scroll the list of them you will notice serious companies which to me are in the top in terms of future technologies. These are IBM Google and Boeing.
For time being the coin is on the market for couple of months and it should take 2 years and half to see couple of hundreds spike in value if we will witness same scenario as ETH price surge.
In my opinion it will be 1 year to see some serious movement, also I am looking at Hbar not as the coin to make transactions but rather different form of stocks and the price of Hbar will represent the company itself.
There is no way for me to know the future and current time, but at the same time it is rare to see investing opportunity with such enormous possibility to take big market share.
Scenario here may look like Amazon in 2001 which survived dot com bubble implemented cloud computing and well 20 years later, it is on the top of the market globally.
The founder of the Hedera mentioned in one of his presentation at least once that real project will proof its value when crisis strikes.
I see it as long-term investment and with current market scenario I would slowly buy while price will be going down. It is highly probable that this coin will go up and when it will be in news and forums under the same old phrase
…If you would invest in hedera in 2021 you would be millionaire by now.
🆓Hedera Hashgraph (HBAR) June-7 #HBAR $HBAR0.22$ zone is a reliable support zone that could generate a new rally up to 0.26$, 0.34$ or even 0.4$ zone in this June. But if HBAR loses this zone, the next support that we should pay attention to is 0.18$ zone
📈BUY
- Buy : 0.215-0.225$. SL if B
- Buy : 0.255-0.265$ if A. SL if B
📉SELL
- Sell : 0.255-0.265$. SL if A
- Sell : 0.335-0.345$. SL if A
- Sell : 0.39-0.41$. SL if A
♻️BACK-UP
- Sell : 0.215-0.225$ if B. SL if A
- Buy : 0.175-0.185$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
HBARUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price is inside the triangle and is fluctuating. If it stabilizes above the line, we can trade for the above purposes. We have identified the support points for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
LONG HBAR/USDTWhat Is Hedera Hashgraph (HBAR) ?
Billed as the "trust layer of the internet," Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps).
It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
It was funded through an initial coin offering (ICO) in August 2018 and first launched open access to its mainnet just over a year later in September 2019. As part of the ICO, investors were able to purchase the platform’s native utility token (HBAR) at the lowest possible pricing.
The HBAR token has a dual role within the Hedera public network.
First and foremost, HBAR the fuel that powers Hedera services, such as smart contracts, file storage and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
HBAR / USD - Should Make a 5th Breakout Attempt SoonHBAR has tested the top of its resistance area 4 times now, and as we know, the more times we test an area, the more likely we revisit and eventually break through. One thing of note is that our 4th test didn't have as much momentum behind it as did the previous 3. This could be seen as a sign its weakening, but I don't think that is the case here.
Instead, we've dropped down again to really bang on support for our 3rd test of support, one of which wicked down lower than we have before, but hasn't been able to break through.
I think the current situation we're in now will provide the momentum needed for a 5th and final test that leads to our long-awaited break out.
HBAR/USDT Going StrongWith the recent rebound in most cryptos, HBAR has been holding over $.20. I am now looking for a confirmation in uptrend, rather than just trading flat in the near future.
In my opinion, if it can break above the 14 D EMA, it can test the 14 D upper bollinger band limit (2 standard deviations).
I am also closely watching the HBAR/BTC chart, and have converted some of my BTC to HBAR, as I believe it will outperform BTC in the coming months.
What do you think?
HBAR due to exit triangle
HBAR candles are forming a triangle which should lead to a breakout in the next couple of days up or down depending what side of the triangle breaks. Given the current environment, and how narrow this is becoming, I'd look for a confirmation candle before going long.
THETAUSDT is a similar shape but may have more days to run.
HBAR / BTC - Broadening Formation / Reverse Symmetrical TriangleHBAR vs BTC on the 2H chart appears to be in an broadening formation, also known as a reverse symmetrical triangle (this one is not quite symmetrical, but close enough for comparison). Broadening formations typically occur when there is indecision about the direction of price. This makes total sense with the recent correction across the market.
Broadening formations tend to have bearish exits, but not always, and if you look at the structure of HBAR on the daily, I still feel it's bullish and that we are currently in a wave 4 preparing for a 5th wave that should take us much higher.
So, in the short-to-mid-term I'm expecting a test against the top of the triangle here, and - the further this drags out before doing so, the closer we come to approaching a 2nd test of our all-time high vs BTC on the weekly chart around low to mid 860s.
On the other hand, if we head down and test the bottom of the triangle, we'll make a new low on the lower timeframe charts, potentially attracting strong buying pressure that could also take us back to test our all-time high.
HBAR / USDHBAR been through a distribution event by the whales over the last 2 months or so, collecting their $millions. There has been a reclaim of sorts around the current price.
I know Credible Crypto is a big fan of this and rightly so, check his YouTube analysis, it's hard to not get pumped, backed by some of the largest tech firms in the world. I expect $HBAR to do a $ADA on its first speculative run, peak and trough before adoption 2 or 3 years (or longer) down the track... Since we are quite some distance away from this chain being decentralised and useful, I will not holding this bag longer than I need to!
I'm buying around $0.255 where there seems to be demand, expecting a bumpy ride of sorts over the next couple of weeks but the sky is the limit if we can break through that resistance that was previously support.
Dont trade with debt, trade within your means and use a stop loss!
Alfa
HBAR ... Currency at the bottom of the channel
According to the chart .... we see the currency in a channel. The position shown in the chart shows the upward trend of this currency at the bottom of the channel ... In the recent fall of Bitcoin, we see that this currency has been able to hold its own well
And has not fallen as it should as other cryptocurrencies ... According to the news about this currency, the target is 43 cents and then in the medium term one dollar is not far from the mind.
HBAR BUY/LONG 0.28 to potentially 0.515 By Mid July 2021TICKER CODE: HBARUSD
Company Name: Hedera Hashgraph
Industry: Cryptocurrency | Blockchain
Position Proposed: BUY
Technical Analysis
1. Large Flag Pattern (Forming)
2. Fibonacci Retracement reached to 0.786
3. Fibonacci Expansion 1st Partial Safe Take Profit Level 1 (Grey Zone) at the length of Flagpole Price Range
Buy Entry: NOW READY (0.28-0.35)
1st Partial Take Profit: 0.515 (End June - Mid July 2021)
2nd Partial Take Profit: 0.705 (August-September 2021)
Stop Loss: 0.15
HBAR/USDT Holding StrongWith today's firesale in most cryptos, HBAR definitely got its own beating. It went as low as 0.16~0.17 versus USDT, which was definitely a good entry point.
However, it was quickly rebought and is now holding my support level strong. This is on a log shart, with exponential bollinger bands.