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
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HBARUSD
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
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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.
XRP to 0,13 ? Yes very possibleHello all,
My previous idea highlighted 0,38 area for target, but we didn't manage to break 0,33 resistance so this scenario could come true hence the re-assessment of the situation.
What is certain or almost.
- We are still in the downtrend channel (orange)
- We are probably going to retest yellow downtrend line
Assumption and speculation
- Bottom and final retest at 0,13 making a HL (on higher TF) which could confirm start of uptrend (White channel) - Level confirmed if my Fib correctly set. Double bottom is also possible.
- Target in about a year time 0,50ish.
- Cup and Handle then? Well, plenty of time to re-assess till then.
If I'm right it means some nice opportunities to load your bags.
Take care all and good luck!
HBAR / USD - **Update - Part II** Bullish Cup and HandleHBAR is re-testing the top of the long-term triangle here.
We need a big bounce here or this whole setup is invalidated.
Bearish idea - Take a look at the BTC pair, it ended at the top of a giant parallel channel that is in a downtrend, will update with a pic.
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 - Inverted Cup and Handle Projection IdeaAnother Short Idea for HBAR - within the 192 day cycle from first candle after peak, possibly we form an inverted cup and handle and head downwards.
Target areas listed for buy/sell. Candle wicks hidden/ignored in this chart.
Random Thoughts:
The USD and BTC pairs are a bit at odds with each other right now. With this idea, we'd hit a long target of around 5-5.8 cents (possibly higher - depending on BTC value)
on the USD pair which still looks bullish, and then a significant correction before really moving upwards.
Hedera Hashgraph (HBAR) - August 6Hello?
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You need to make sure you can get support at 0.04277790.
If you break the 0.04595618 point with a strong ascent, you are likely to touch more than 0.05839300 points.
As of August 25th, we should see if we can rise above the 0.04277790 point and follow the uptrend line.
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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.
Description of abbreviations shown in chart
R: Resistance point or section, where a countermeasure is needed to preserve revenue.
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section
(Short-term Stop Loss is a point where profits can be saved or additionally entered through split transactions. You need to trade from a short-term investment perspective.)
HBAR / USD - Updated triangle using line chart + long potential
Update / Edit - corrected shifted trendline at top of triangle in snapshot above ^^^
Let's see if HBAR bounces off of the top of this symmetrical triangle and brings incredible profits. Volume is currently rising with price
Beware BTC - although if it runs, i think there's a chance HBAR may run with it. Everything else is pumping right now except for this,
and HBAR BTC pair returned to test recent lows, achieving a new low, providing a potential pivot point for the long period of accumulation.