Hbar
HBAR/USDT : HBAR is moving into a descending channel BINANCE:HBARUSDT
Hello everyone 😃
HBAR had a retest on descending channel's bottom. ( It seems that HBAR had a pullback from it's major support line )
Also there was a support line which is formed from last bounces below current level.
We expect a retest on channel's top;
But there will be some barriers to break !
There are 2 resistance zone, One of them is above of current level.
And other is at channel's top; If HBAR tries to break resistance and take hold above it,
Then it will probably go for higher ATH.
📌 Have to mention that MACD is being bullish and it will confirms the continuation of upward movement.
By the way if channel's top reject HBAR to break; Then we would see a bull flag formation in higher timeframes...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
HBAR / USDT - Quick 4H Update - Triple Bottom BuyTriple bottomed on HBAR during the strong dip today, closing with a higher low. HBAR showed a ton of strength here during a rather large BTC market dip, a wick went lower, but our candle closed higher than the previous two lows. I'm expecting a big move up from here considering the market dip doesn't resume and take us further down. For targets, see linked charts below.
Interesting ProjectHbar has broken out of a long time channel and is using the upper channel as support before breaking higher.
This project is unlike any other crypto that I've seen in the market.
Shinhan Bank, the largest bank in South Korea has joined the governing council of Hedera along with LG Electronics ,
the two companies reported a successful test of a CBDC trial using Hyperleger Fabric with a plug-in from Hedera's HCS.
Hyperledger Fabric is designed by IBM who is also a governing council member on Hedera.
Furthermore,In January of 2021, Shinhan invested in Korea Digital Asset Custody (KDAC), an industry consortium of businesses that provide digital-asset custody service. Assets can be tokenized on Hedera's Token Service.
Officials at Shinhan Bank commented. “Hedera’s public distributed ledger, in particular, is uniquely suited to meet the needs of a widely-used fintech service that must be fast, fair, secure, and enable the controls and visibility required by service providers. We are excited to join the Hedera Governing Council to continue to work with leading global organisations in diverse industries on solutions that will underpin the next generation of finance.”
Interesting PerspectiveHbar has broken out of a long time channel and is using the upper channel as support before breaking higher.
This project is unlike any other crypto that I've seen in the market.
Shinhan Bank, the largest bank in South Korea has joined the governing council of Hedera along with LG Electronics,
the two companies reported a successful test of a CBDC trial using Hyperleger Fabric with a plug-in from Hedera's HCS.
Hyperledger Fabric is designed by IBM who is also a governing council member on Hedera.
Furthermore,In January of 2021, Shinhan invested in Korea Digital Asset Custody (KDAC), an industry consortium of businesses that provide digital-asset custody service. Assets can be tokenized on Hedera's Token Service.
Officials at Shinhan Bank commented. “Hedera’s public distributed ledger, in particular, is uniquely suited to meet the needs of a widely-used fintech service that must be fast, fair, secure, and enable the controls and visibility required by service providers. We are excited to join the Hedera Governing Council to continue to work with leading global organisations in diverse industries on solutions that will underpin the next generation of finance.”
HBARive been hearing alot about HBAR but never really looked into it. But ill be getting in if she drops to my green box. Yellow is neutral/bounce zone. Red is resistance. But remember we are still in a bull market so maybe when bitcoin rips up alts will bleed and we will get a better buying position
HEDERA heading for the ascent. Very interesting project!Technical analysis regarding the price of HEDERA HASHGRAPH in relation of dollar Tether for the next scenarios, based on daily movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
HBAR About To Join The Alt Party!It's that time again for Hashgraph to start climbing the CMC ranks with a move to $0.69
If you are planning on grabbing more Hbars; doing so before Sunday night may not be a bad idea, as I expect price to move up in a big way next week. It has broken out on the daily and is currently consolidating along with building strength for a price explosion. Should be a fun week for you Hbarbarians out there.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
HBARUSDT 🍫on the Daily view BINANCE*NOT FINANCIAL ADVICE: DYOR - This idea is IMO for personal use only*
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An update from my previous chart made on 9/April:
Broke out of bullish flag formation and after a small retest, expecting continuation towards upper channel (exit 1 target).
Channel from monthly view, this is a trade opportunity for me, not a HOLD.
As always, watch for volume. Do your own research. Always be watching BTC.
Good chat.🤖
HBAR / BTC - 1000+ Sats in Sight NextQuick bullish idea for HBAR / BTC. I actually found this old chart in my list and hadn't checked it in weeks, everything was already drawn as-is except for the orange target line, and it was missing the fibs. If we continue to follow this channel and have a repeat of the previous move, we should see over 1000 sats relatively quickly when it starts to move again.
Note that volume has been rather low after the big move, yet it has still made significant gains and losses after hitting the previous high 29 days ago and then moving somewhat "sideways" since. If significant volume returns with an upward move, we could easily see another fast and strong move like the last one.
HBAR - Bulls are breaking out of the triangleWe have some big opportunities on HBAR so lets not sleep on them.
50 cents as a target in these current market conditions is a piece of cake. And that piece of cake is about a 30% gain from the current price.
A large green candle broke the mirror level of the tringle to the upside - this is the start of the rally.
We can see the growth in bullish momentum on the MACD graph below - lets pray this kind of momentum sustains.
Volume and price are moving in the same upwards direction - adding some nice confirmation to the strength of the upcoming move.
I'm expecting for some resistance at the current price ceiling (and current ATH). Once this level is broken it will be retested - this is when the price ceiling becomes the new price floor and when we can get ready for the main money making moves.
HBARWithin the next week or so, probably between the 14th & 19th, we should see some sort of move up/down as we close in on the end of this wedge.
My guess is that we move up now that BTC has moved to a new ATH today.
This is not financial advice, I simply post these for me to reference later on.
:)
HBAR Continues Ranging As Bulls Fail To Break Key Resistance-HBAR has been consolidating for nearly a month
-Price has been trying to break and hold $0.358
-HBAR risks a fall to $0.30 if the bears continue control under key resistance
Hedera Hashgraph has had a wild 2021 with the price rising nearly 1500% in a short 3 months. The Dapps token has been fueled by hype and anticipation of its large scale partnerships. Since it’s high of $0.457, Hedera has been consolidating in a price channel for nearly 30 days. Time is ticking for this sideways movement as the cryptocurrency market seems to be fueling for its next move.
The large scale descending channel can be looked at as a bull flag formation on higher time frames. To have any large bull trend, HBAR must break the top trend line of its price channel. The top trend (Black) is also in coordination with the key resistance of $0.358. Hedera Hashgraph has yet to be able to hold this level as support for longer than a day. Once these marks break & hold, expect HBAR to test $0.41 again.
While looking at the last few days, HBAR seems to be printing a Head & Shoulders pattern. If this patterns completes & HBAR breaks below $0.33 (minor support), price will experience a fall to its key support (in green) around $0.30. If this scenario occurs, which seems to be the most likely as of now, HBAR will still be in its month long price channel. If the $0.30 key support fails to hold, Hedera will experience a fall to its bottom trend (black) of its price channel.
Looking at the Stochastic RSI at the bottom, it has reset to oversold conditions. When this occurs on the chart it means one of two things; The price has consolidated enough and is gearing up for its next bullish run up or the bears have control of the price & more downside is coming as the strength sits on the floor. In this case, the last 4hr candle has started losing strength and the Stochastic RSI seems to be turning back to hit another low in the oversold territory.
In conclusion, HBAR needs to break out its current price channel (black trend lines) to really see a big move, until then it is considered consolidation.
HBAR intraday levels
Spot rate: $0.345
Trend: Sideways
Volatility: Low
Support: $0.30
Resistance: $0.358