HBAR / USDT: Breaking out from Trendline resistance HBAR/USDT: Breaking Out from Trendline Resistance – Bullish Rally Ahead?
HBAR/USDT is making waves 📈 as it breaks through a critical trendline resistance zone 📊. This breakout signals the potential for a strong bullish trend to unfold 🚀. With momentum building, traders should keep a close eye 👀 on this pair for further confirmation and opportunities.
Key insights:
1. Trendline resistance breached: HBAR/USDT has successfully broken a long-standing trendline that previously acted as a barrier. This breakout could pave the way for a significant upward move.
2. Volume surge: A noticeable increase in trading volume accompanies the breakout, indicating strong buyer interest 🔥.
3. Bullish signals: Momentum indicators like RSI and MACD are turning positive ⚡, supporting a continued bullish trend.
Steps to confirm the breakout:
Look for a clear 4H or daily candle closing above the trendline 📍.
Monitor trading volume; a surge confirms strong buying activity 📊.
Watch for a potential retest of the broken trendline, now acting as support, to solidify the breakout ✅.
Stay cautious of fake breakouts, characterized by sharp reversals or wicks above the trendline ⚠️.
Risk management strategies:
Implement stop-loss orders to protect your position and manage risk 🔒.
Size your position wisely, ensuring it aligns with your overall trading strategy 🎯.
This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
Hbarusdtanalysis
HBAR Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
HBAR has been in a bearish trend for quite some time and is currently holding at the support trendline. The support range between $0.0290 and $0.0375 is crucial for a potential rebound.
Failure to hold this support level could have a further negative impact on the price in the long term.
On the other hand, a rebound from the current price or the support range could lead to a test of the resistance trendline near $0.0767. To reach its all-time high, HBAR would need a 14x-15x gain, which would be a significant challenge.
Key Levels:
- Initial Support: $0.0452.
- Crucial Support/Good Entry: $0.0290.
- Primary Resistance: $0.0767.
- RSI: Close to the oversold zone.
DYOR, NFA.
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#PEACE
Hedera HBAR price artificially "pumped", wait a minute..and readYesterday, on 23 April, HBAR Foundation, the company that developed the #Hedera blockchain, tokenised the US Treasury Money Market Fund (MMF) from BlackRock.
After this "announcement", the CRYPTOCAP:HBAR token grew by +125%.
Based on the "announcement," the crypto community decided that BlackRock had entered into a partnership agreement with Hedera. This was indicated by the attached pictures and videos with company logos on Twitter.
However, BlackRock did not take any part in the MMF tokenisation. This "coincidence" caused confusion on social media and a good sharp #HBARUSDT price pump
Personally, we would not buy HBAR now, but would wait for confirmation. If this is not a well-planned manipulative "coincidence" but a real event, then the #HBARUSD price should not be fall below $0.08-0.09
You can buy HBAR there, of course, if you believe in the prospects of this project, with expectations of at least x4-x5 growth.
P.S.: you need to prepare your psyche and critical thinking for the bull run 24-25)
Because in 2017, "such" tweets came out almost every day and kindly pumped various coins.
📈🚀 HBAR Support Breakout Trade Setup 🚀📈📊 Analysis:
Steady Support: HBAR has demonstrated resilience at the $0.10 support level over the past few days, indicating strong demand in this area.
Resistance Ahead: The next local resistance is at $0.117, a crucial level to watch for potential breakout confirmation.
Upside Potential: Clearing resistance at $0.117 could pave the way for a bullish rally towards $0.14 and $0.19.
📈 Trade Plan:
Entry: Consider entering a long position once HBAR clears and holds above the $0.117 resistance level.
Target: Set profit targets at $0.14 and $0.19, anticipating bullish momentum on a successful breakout.
Risk Management: Place stop-loss orders to manage risk, ensuring they are strategically placed below key support levels to mitigate potential losses.
💡 Note: Monitor price action closely for confirmation of breakout and adjust the trade plan accordingly. 📈💰 #HBAR #SupportBreakout 🚀📉
HBAR/USDT Break Alert!! Indicating Bullish Momentum for HBAR.💎HBAR has recently displayed noteworthy market dynamics, breaking out of the Adam and Eve pattern, signifying a reversal from bearish to bullish sentiment.
💎 Currently, the price is undergoing a retesting phase at the support level, which previously acted as resistance. This phase is crucial before any further upward movement, probability leading to reaching our target area.
💎 However, if HBAR fails to bounce during this retesting phase, or worse, breaks down below the support area, the price may revert to a downward trajectory, heading towards the demand area.
💎It's imperative for the price to bounce decisively from the demand area to resume its upward trajectory.
💎 Failure to do so, or a breakdown below the demand area, would raise concerns about continued downward movement. In such a scenario, the price could retreat further towards lower levels.
HBAR/USDT In the key support area, Could HBAR Bounce or Broke ??💎 HBAR has recently become a focal point in the cryptocurrency market. Presently, HBAR is positioned at a crucial support area, previously acting as a resistance level.
💎 Historically, this zone has demonstrated considerable strength in preventing HBAR's decline, suggesting a likelihood of a rebound from this point. Such a bounce would potentially initiate a renewed upward trajectory, possibly propelling HBAR towards its target in the strong resistance area.
💎 However, should HBAR fail to maintain its stance above this support level, indicating a breakdown, it could spell a significant shift in market sentiment. A breach of this support could disrupt the existing bullish trend, potentially ushering in bearish momentum. In such a scenario, HBAR might experience a downward trajectory, with its next critical juncture being the demand area.
💎 The demand zone thus becomes pivotal for HBAR's recovery prospects. A strong response in this area, characterized by a bounce and a subsequent reclamation of price levels above the previous support, is essential. Failure to achieve this could cement a bearish trend, leading HBAR to extend its decline, potentially reaching even lower towards the strong demand area.
HBARUSDT.1DBased on the provided market data, HBAR (Hedera Hashgraph) is currently trading at $0.073 against USDT.
In the 4-hour chart, the Relative Strength Index (RSI) is at 69.78, which is close to the overbought territory (RSI > 70), suggesting a potential price pullback. The Moving Average Convergence Divergence (MACD) value is positive, indicating a bullish trend. However, the price is currently below the Bollinger Band (BB) median of $0.076, which could signify an upcoming price correction.
The support levels for the 4-hour chart are at $0.069, $0.066, and $0.061 respectively, while resistance levels are at $0.076, $0.079, and $0.086.
In the daily chart, the RSI is at 48.75, which is neutral territory. MACD is negative, indicating a bearish trend. The BB median is at $0.077, slightly above the current price. The support levels are at $0.066, $0.060, and $0.057, while the resistance levels are at $0.078, $0.087, and $0.089.
In the 7-day chart, RSI is at 56.40, suggesting a slightly bullish trend. MACD is positive, which supports this bullish trend. The BB median is at $0.093, significantly above the current price. The support levels are at $0.065, $0.044, and $0.039, while the resistance levels are at $0.076, $0.084, and $0.098.
In conclusion, the technical indicators suggest a mixed sentiment in different timeframes. The 4-hour chart shows a possibility of a price pullback due to the high RSI, while the daily chart shows a bearish trend. The 7-day chart indicates a slightly bullish trend. Investors should exercise caution and consider these mixed signals before making a decision. Remember, it's essential to consider other fundamental factors and market news as well.
HBARUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Targets: 0.073 and 0.077
after first target reached move ur stop to breakeven
Stop: ~0.053 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 2
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
HBARUSDTBINANCE:HBARUSDT SHORT IDEA
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
HBARUSDTBINANCE:HBARUSDT SHORT
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
Trade Alert - Long Hedera HashgraphI know, I know. Very last post. The title of my video, “Now is not the time to be buying altcoins”. And I do stand by that statement for the most part. Because for the most part many of the larger cap alts (which is mainly what I trade in a bear market) do employ a variant of the PoS mechanism. And this is really what the SEC has been targeting at the moment, minus Ethereum for some unknown reason. Hedera is not a traditional blockchain and does not use either PoW or PoS. Hedera Hashgraph is a distributed ledger technology that aims to provide a secure, fast, and fair platform for decentralized applications. To accomplish this, Hedera Hashgraph employs a consensus algorithm called "hashgraph." This algorithm enables high transaction throughput by leveraging a directed acyclic graph (DAG) structure, where each transaction is represented as an event. These events are then asynchronously gossiped among network nodes, forming a shared history of all transactions. By utilizing a gossip protocol and virtual voting, hashgraph achieves consensus on the order and validity of transactions. Moreover, Hedera Hashgraph incorporates a governance model to ensure decentralization and fair decision-making. The technology offers potential benefits for applications requiring speed, security, and scalability, such as decentralized finance, supply chain management, and social networks.
Now, that I have touched a bit on the fundamentals in hopes of helping to justify my trade :-) let’s quickly look at the technicals.
Hedera has reached the end of a bullish descending wedge which also runs into some very solid support at .044. Should this break then, yes, we’ll probably drop down to that next level at .036. But odds are in our favor here that we go up instead. I’ll be shooting for that 200 day ma which, right now, sits at .058. My stop out will be right around .0415.
Let’s go!
Stew
HBAR/USDT - LONG 12H TF----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part.
---------------------------------------------------------
⚡️⚡️ #HBAR/USDT ⚡️⚡️
Client: My-Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (2X)
Entry Targets:
1) 0.06305 - 100.0%
Take-Profit Targets:
1) 0.06644 - 20.0%
2) 0.06882 - 20.0%
3) 0.07274 - 20.0%
4) 0.07898 - 20.0%
5) 0.08381 - 20.0%
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (0.75%)
Stop: Breakeven -
Trigger: Target (1)
Hedera Hashgraph (HBAR) formed Gartley for upto 17.50% pumpHi, friends, hope you are well and welcome to the new trade setup of the Hedera Hashgraph (HBAR) coin with US Dollar pair.
Previously I shared the below long-term trade setup for HBAR, which is still in play:
Now on a daily time frame, HBAR has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade