HEDERA (HBAR) TIME TO PAY ATTENTIONAfter an extremely long bear market price is approaching the final support.
That support area is where I will be looking for a long term play on Hedera.
The token is fundamentally strong and from a technical perspective this area
offers an attractive low risk high reward play. This can be an amazing opportunity.
Hbarbinance
HBAR / BTC - ReversalThere's a decent chance for a trend reversal occurring on HBAR / BTC pair right now:
1.) RSI is bottomed and turning upwards
2.) We've just barely broken above the triangle.
3.) Volume has been insanely low throughout the downtrend, any real volume coming in will pump this
Need to stay above 201 sats to continue. Good luck!
HBAR/BTC (Next Support at 200s Sat?)💎Technical Analysis Summary💎
BINANCE: HBARBTC
-HBAR is still on a strong downtrend after breaking its support
-If you are looking for a potential buying area or support
-The range between 212-190s sat might hold some potential
-Though this zone is only a minor consolidation
-But it was the start of a strong pump last Feb 12, 2020
-Wait for any bullish reaction before entering your trade
A big Thanks for donating 💰 via Tradingview coins this week to CITIZENCAINE 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
HBAR/BTC (Trading Downtrend)💎Technical Analysis Summary💎
BINANCE: HBARBTC
-Hedera Hashgrap is perfectly trading on a downtrend channel
-If the Bears can keep the price going down
-The chances of testing the key area of support at 248 sat is high
-Please do not try to catch the bottom
-Wait for proper confirmation or reversal patterns
-Let the price come to you and patiently wait for the correct entry
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
HBAR / USD - Two Possible ScenariosBearish - a break below the wedge may head further down, and if we break below the horizontal line, we've confirmed a double-top and may revisit all time lows.
Bullish - if we stay within the wedge, above the area being tested now, a return to all-time highs or higher is possible
Side note - a triple top is another bearish scenario that could possibly play out if all-time high is reached again and strongly rejected.
The USD pair for HBAR has been easier to chart than the BTC pair, which is not typical for altcoins, outside of the top 5-10.
HBAR / BTC - Alternate Idea: Double-Top + Continued CorrectionI've been bullish on HBAR with my other published charts. Here's an alternative idea:
We have been in a downward channel since the Google pump ended after we hit our most recent high.
We recently re-tested 500 area after a recovery from 350-370s. This idea predicts we tap near or at 500 one more time, at the top of the channel listed above. A conservative target would be 493-495, possibly in 480s.
After reaching the target, we will correct back towards all-time lows before heading up to new heights.
Sell @ 493-495 (give or take 10 sats)
Buy back @ 114-122 (give or take 10 sats)
HBAR / BTC - 4H Update - Bull Flag approaching decisionLiftoff possibly imminent, and imminent CB listing announcement rumors floating around (HBAR has been under consideration for CB Custody since April 2018, reiterated by them a couple weeks ago along with other coins).
Beware of bitcoin, prepare for all scenarios.
Weekly resistance is around 454 sats, Daily is much higher - most recent resistance was around 500, then 537ish, then 600-800s.
Support 347-370s
HBAR/BTC (Trading at Key Support Line)HBAR/BTC
-this coin has been in the sideways ranging market for the last 117 days
-currently holding off the key trendline of support
-this level also a confluence of the 200D MA dynamic area
-the only safe trading approach is to confirm the break direction
-if we see a breakout above the descending trendline
-that is a good buy signal or you may wait for a retest of new support
-get ready your alert and add this coin to your watch list