HBAR / BTC & USDT Pairs - Breakout - Target 19-30 centsHedera Hashgraph has broken out following a double bottom on the weekly chart, a breakout and a bull flag.
Today the Hedera Token Service launched, opening competition with Ethereum in the Defi space and competition against all other competitors in the space, including CBDCs, cryptocurrency, DLT, Smart Contracts, etc.
Additionally:
- a rare sneaker service, called INIFITE by SUKU made the switch from ETH to Hedera Token Service for their non-fungible tokens and estimates an 8000% savings in token creation costs
- DLA Piper, an interational law firm is helping enterprises better issue tokenized assets through their platform TOKO, which runs on Hedera Token Service
- Calaxy is preparing to scale its Creator tokens to support millions of users via the Hedera Token Service
Also:
- An early warning air strike system in Syria is running on Hedera
- Tracking of Covid vaccinations in UK is running on Hedera
- Steven Speilberg chose Hedera to store Holocaust survivor testimonies on the "blockchain" (or digital ledger, to be more precise)
Hbar
HBARBTC going up to 300-500 sats and maybe higherNot Financial Advice. HBARBTC had a lot of hype at the beginning of alt season a couple weeks back. Now retail seems to be distracted by doge and other current shitcoins on the menu. Take this time to cop the cheap bars from retail as they lose focus and take minimal losses =]
HBARUSDTHBAR is still going to be bullish and has no aim to lose its bullish power and wants to hits new ATH it just needs a good correction or sideway area
if it loses the green trend line could make the bullish weaker and maybe go bearish too but till that moment the HBAR is bullish for sure and all the red candles are just a rest for hitting more values
HBAR / USDT - Parallel Channel on Logarithmic Line ChartThis is the USDT or USD logarithmic line chart for HBAR, potentially the overall pattern for HBAR has us in a parallel channel that looks something like this. Our trend with rising volume also supports this sort of growth.
We should see a top target around 22.9 cents on the line chart, with a candle wick may shoot up to as high as 30-40 cents. If we break well above the channel and hold, we could move much higher.
See previous related HBAR ideas linked below. I believe we're following patterns comparable to early LTC and/or early LINK (which we're actually performing better than at the moment).
HBAR / BTC - Due for a move upIf we're going to continue moving up, that should happen any moment now as we're running out of runway for it to occur.
Should that happen, we form a HSi at the end of our bull flad which may look something like this. If so, we should revisit previous highs between 317-350 sats (see candle chart, this is line chart which I feel is better for getting a good handle on the average price over time).
Targets - 317 sats or so, 340-350 sats.
Bullish if -- a break above 350 may shoot us up to 417-497 in the near future, but we may hit 350 and drop a bit before that occurs. Should we continue above 497 as well, I feel we'll revisit our all time high and possibly make a new one.
Bearish if -- really if we move very much lower from where we sit currently, and then stay there for an extended period of time. I'd suspect that we don't want to get and stay below ~217-232 sats if bullish movement is going to continue. A move below 232 is decent cause for consideration of the bearish outcome. Really, it's best if we stay above the upper trendline AND the lower trendline, both of which we are sitting on at the moment.
HBAR / BTC - Bull Flag Breakout & Targets - 30 min chart~362-403 Sats then 486-497 Sats targets - this is the 30 min chart, I expect us to move relatively fast when we do. Break below 250-260 may invalidate, although HBAR is known to have had fake-outs in the past.
That said - we should revisit BTC ath around 865 sats and potentially break that as well.
We've already broken USD ath, and we're beating LINK in performance in HBARs first 17-18 months since Sept 16 launch 2019.
Related ideas below, more available on my profile.
Comparison - 1st Year of HBAR / BTC vs. 1st Year of LINK / BTCShowing similarities between the two assets in their first full year of price development - HBAR / BTC vs LINK / BTC.
The two charts can be lined up to look more similar, this comparison is one to one on timing of price over the first full year:
- LINK / BTC launched September 19th, 2017, and from there showing price development over its first full year 2018-2019
- HBAR / BTC launched September 16th, 2019, and from there showing price development over its first full year 2020-Present Day
Additional comparisons of LINK and HBAR and LTC and HBAR - USD pairs:
2019-2020 LINK / USD - 2nd year bull run vs. HBAR / USD 2020-Present
2016-2017 LTC / USD Bull Run vs. HBAR /USD 2020-Present
(older chart comparison linked below under related ideas)
Symmetrical triangle for $HBARThis triangle has formed over the past 6 days and is coming to the apex of the traingle. Can we confirm a breakout to the upside? If we break out of the upper trend line then I expect another 50-75% leg up over the coming week. This is invalidated if we bleed through the lower trend line.
Hbar Gearing Up For A Big MoveThis project has multiple Fortune 500 companies on it's board and they are likely to announce more council members announced soon. Hedera currently has the most transactions per day out of any crypto with a daily average of 3.5 million transactions. They are currently approaching a milestone of 500 million total network transactions. I believe this DLT is going to be huge this year and now looks to be a good time to get in.
This is my first post on Tradingview so if you could give me a like it would be appreciated.
Remember this is only my formed analysis outlook. Research the project for yourself, as this is not an endorsement or recommendation to buy or sell.
Subwave 3 of 5 targets in Purple.Hello Traders,
This is a GREAT time to get some $HBAR before a nice move. The way I see it, we're just now hitting the 3rd wave of the final impulse wave. $HBAR likes to hit the 2.618 extension on the 3rd waves so it wouldn't surprise me if we hit our upper targets, we'll need to see how the chart plays out but at a minimum I see us hitting the first target before we have subwave 4, then move up for the final 5th wave. The bears could take this down to .087 area but I doubt it at this point.
If you buy in here, I'd put a stop loss at .085 cents for a great risk / reward ratio.
At the end of this impulse, I do expect a nice ABC correction that could take us back down to retest the break-out area near .06 cents however, crypto is crazy and it's also possible that $HBAR begins to get listed on Coinbase / Gemini etc, and we never see these prices again!
Cheers!
Detailed Breakdown of the HBAR Move as I see itHere's a more detailed breakdown of the whole move as I can see it. The light blue subwaves make up the larger structure. I believe we've just put in a 4 wave and are headed higher from here. If we break down, I don't think we'll get any lower than .059. The targets are color coded with the Green target being the most probable to me, although I've seen several truncated 5th waves so be on the look-out for that.
To me, all of this price action is just the chart putting in a larger wave 1 which will take us MUCH higher over the next few weeks. Personally, I'm a long term holder and believe the project will be a top 10 project by the end of the bull run.
This is not financial advice, just my thoughts on the market. Do your own research before investing. Never invest more than you're willing to lose.
Cheers!
Correction before wave 5Hello traders,
I believe we're in a short term correction (wave 4) which would probably settle around the trendline near .08 cents before we continue heading higher. I think we'll head upwards of .16 cents after the correction however, we could push higher, we'll just need to wait and see. After wave 5 I suspect there will be a nice ABC correction with an opportunity to buy back in at discounted prices.
This is not financial advice, do your own research and trade at your own risk.
How do you think the charts will play out over the next week or 2?
💡 Don't miss the great buy opportunity in Hedera HashgraphTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0775). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Hedera Hashgraph HBARUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 85.
Take Profits:
TP1= @ 0.1100
TP2= @ 0.1250
TP3= @ 0.1374
TP4= @ 0.1661
TP5= @ 0.2118
SL= Break below S2
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