#HBAR/USDT#HBAR
The price is moving in a descending channel on the 1-day frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at 0.04410
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.04972
First target 0.06127
Second target 0.07280
Third target 0.08400
HBARBTC
HBAR ( Hedera ) tm :1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
Alt Season Around the Corner (Scenarios)Bitcoin Dominance may be topping out here - a possible triple-top.
Meanwhile many alts are bottoming vs. Bitcoin.
A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms.
This could occur as soon as next week.
Other possible scenarios could be:
Scenario 1: Mini-Alt-Season First: Then Bitcoin Dominates again -> Actual Alt Season:
For this scenario, we'd likely see something like an initial breakdown of Bitcoin Dominance and breakout of Alts vs. their Bitcoin pairings, followed by a pullback on both as Bitcoin rises higher and alts lose vs. BTC again, hitting higher lows near bottom prior to the real breakout.
Scenario 2- Breaks and Pullbacks Now: Dominance Breaks above 54.09% now -> Alts Lose their Bottoms Briefly -> Alt Season
In this example, there's a breakout above recent Bitcoin Dominance highs (weekly close(s) above 54.09%), and alts breakdown losing their current bottoms vs Bitcoin (weekly close(s) below their weekly lows). Then a pullback below 54.09% and above alt's recent lows leading into an extended alt season.
Scenario 3 - Idea is Invalidated - Dominance either heads up strong and Bitcoin eats alts or it falls as Bitcoin drops hard as Dominance does and the entire market moves down
This final scenario is the invalidation of this idea. Bitcoin either rises hard along with dominance and destroys alt/btc pairings, or dominance and Bitcoin drop together as the entire market weakens - and if this occurs, I'd expect the signal for it would be as TVC:DXY strengthens heading above 106-108 and then 112-115 (see my other published posts about the Dollar Index and how it relates to crypto and stocks on the macro).
Hope this helps someone, cheers and good luck!
- dudebruhwhoa
#HBAR/USDT#HBAR
The price is moving in an ascending channel on a 12-hour frame
The price rebounded more than once at the lower border of the channel, and this is evidence of the strength of the channel border and the expectation of a rise
We have a higher stability moving average of 100
Likewise, there is a trend in which the price touched the RSI and rebounded from it
Entry price is 0.12265
The first goal is 0.1279
The second target is 0.1366
The third goal is 0.14404
HBAR'S biggest percentage gain so far, is YET TO COME!Since I predicted the coming cup & handle pattern well before anyone else on Jan 2nd, HBAR has broken out of the cup's handle and ran for more than a 100% gain. The price peaked, dropped, and retested the rim-line; now it's going to make the biggest gain of the entire pattern.
Buckle your seatbelts!
Good luck, and always use a stop-loss!
Running FlatHere's an idea to support the possibility that BINANCE:HBARBTC may be ready for or have already begun a reversal that is potentially headed towards a new ATH.
HBAR ended its second run vs. Bitcoin with a slightly higher new high, giving it a flat top. Since correcting, it has formed what could be a strong reversal at a low that is parallel to its previous low and the two previous highs, and it did so right along the 100% fib on the trend-based fib extension shown above.
Should we actually get that reversal here, it would confirm that it has been in a running flat correction, which typically leads to a very strong move up once it reverses.
The running flat also lends confluence towards my previous suggestion that it has been in accumulation since inception, as shown in this older chart below comparing the weekly with Wyckoff Accumulation Schematic # 2:
HBAR breaks out 10.44% in the early hours.As I've posted previously, HBAR is in a massive cup & handle chart pattern on the daily chart, and this morning popped up a massive 10.44% in the early hours, but this is just the beginning of what I believe we are going to see over the next few weeks/months.
The gains in HBAR are going to be EPIC heading into summer, as crypto investors and trader's alike are going to realize just how undervalued HBAR is in the utility crypto sphere.
Good luck traders, and always use a stop.
Things may be looking UP for HBAR!HBAR has formed a clear cup & handle formation, and is nearly completed the handle. All that's left at this point is for the price to breakout of the handle wedge.
I would be cautious with this particular play, and look for a bullish engulfing candle previous to the breakout candle, and run a tight stop until you breakout above the upper cup trend line. (White dashed line)
Good luck!
HBAR will DOUBLE in the next 6 to 8 weeks!HBAR has been forming a very clear cup & handle formation for the past 10 months (since February 2023), and is now starting to work on creating the handle. HBAR has nearly doubled since mid October and over the next six to eight weeks WILL DOUBLE AGAIN!
Pick your spots, pack your bags and buckle your seatbelts!
The journey to the moon first starts with an ignition!
Falling Wedge Targets Old Lows or HighsBINANCE:HBARBTC weekly bar chart has formed a falling wedge over the last couple of years, starting around September 2021 until now.
Bullish Scenario
A move to wedge top with a breakout would target the "Google Pump" era highs of March 2020, and with a potential secondary target at or above ATH.
To see a bullish breakout, it needs to hold the 150-160 sats area and break 247. Breaking 247 would both confirm a double bottom and a wedge break out.
Double bottom targets would send it on its way towards 395 and then 500 sats, which would be crucial to stay above to get the move back towards March 2020 highs, around 854-866.
Bearish Scenario
A move to wedge bottom would target pre "Google Pump" era lows of January 2020.
Should the 150-160 sats area be lost, it'll likely see another touch at wedge bottom near 115-120 sats and Jan 2020 lows.
If wedge bottom is lost we will likely revisit ATL and potentially make a new ATL.
Short-term Bear, Long-term Bull Scenario
If it gets the move back down to wedge bottom and the wedge holds up, those higher targets near ATH or higher become even more likely imho.
There's also a possibility for a double bottom at or just below 91 sats if wedge bottom is lost but no stronger move below 91.
HBAR's best buying rangeWe are in a situation where we can think about buying HBAR.
An ascending CH is formed on the chart, and there is an order place below, which I marked with a green box.
If the price returns to this area, you can enter a buy/long position.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
HBAR is close to bottoming.I think we'll see HBAR bottom out at the bottom trend line of the descending wedge pattern around the .0445 level. After this we will ascend to the top trend line hitting it somewhere around mid to the end of December. If HBAR price can break the upper wedge then hold on tight!