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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Not Financial Advice
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HBARUSDT
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.
HBARUSDT AnalysisAs of now, since there are 3 BUY signals present, I'm BULLISH.
If you are holding HBAR, do not hurry to sell. There are 3 buy signals present, and yet, no sell signals.
If you want, you can take profit at the resistance level (0.069) or wait for EngineeringRobo's sell signals to sell.
Also, if you want to buy HBAR, the risk-reward ratio is higher than 1, and 3 buy signals present. So, if you want, you can buy right now but please watch out for EngineeringRobo's sell signals afterwards.
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 consolidation coming to a close? If you like my TA or other ideas, please leave a like to show support. It helps me out a lot
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HBAR has been consolidation for over four months and is now showing signs of bullishness
If we see a breakout of this symmetrical triangle with a nice amount of volume, we could see a rally to the levels on the chart.
MACD is also curling up towards bull territory.
Watch this one closely!
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
HBARUSDT AnalysisFor now it is a waiting game. If the candle goes up and breaks the 0.08355 support level, we can wait for an open-close confirmation and then we can buy it. To sell it, we can wait for the candle to go down and if it passes the 0.03824 support level, we can wait for an open close confirmation before making a sell decision. We can also decide to sell it when there is a Hell, Engineering Robo sell 1 or sell 2 signal.
HBARUSDT ANALYSISI have 4 positive signals.
If you bought this coin wait for EngineeringRobo' s sell signal because resistance line turned the support line it is good opportunity.
Buy this coin at new support line($ 0,044) and watch carefully EngineeringRobo' signal
If you want to use EngineeringRobo please dm me.
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.