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Hbarusdtlong

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! :) ``````````````````````````````````````````````
by PolarHusk
8
HBAR/BTC in GREEN MODEStraight to the point guys, HBAR is looking bullish in coming days, WHY? 1. Weekly resistance was broken at 445, and once that was broken it became support and it is tested and has been rejected which indicates bullish move. 2. Also the accumulation zone between two trend lines has been broken and the new candle is formed above the upper trend line. The candle also wicked the trend line with rejection, which indicates that candle is respecting the support. 3. Candles are going to test the daily level at 471 sats, till then it would be a 7 percent gain. And if it breaks the daily level the next stop would the monthly resistance at 533. 4. RSI indicates there is room for more 30 percent. Bullish. 5. MACD histogram showing upward trend. Entry: Optimal Spot: 440 - 452 TP 1: 471 TP 2: 497 TP 3: 533 Stoploss: Below the weekly level at 414, In worst case, the candle may retest the support at 414 and going to retrace back. whose chances are 5 percent as i mentioned all the technical points above.
Long
by SmartMaxi