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HBAR Set for a Bullish Breakout: Strong Reversal Signals Bullish Case for Hedera Hashgraph ( CRYPTOCAP:HBAR ) 1. Strong Support Zone The chart shows that CRYPTOCAP:HBAR has bounced off a significant support level around the $0.040-$0.045 range. This area has historically acted as a strong support zone, evident from previous price actions in early 2021 and mid-2023. The recent bounce from this level indicates that buyers are stepping in to defend this support, which could mark the beginning of a new upward trend. 2. Reversal Pattern & Potential Breakout The recent price action suggests the formation of a double-bottom pattern, a classic bullish reversal signal. Following this pattern, if CRYPTOCAP:HBAR can break above the $0.060-$0.065 resistance level, it could trigger a strong rally toward higher resistance zones at $0.105 and $0.185. This breakout would confirm the bullish reversal, potentially leading to a long-term uptrend. 3. Building a 100-Year Company with Revolutionary Technology Beyond the technical analysis, the underlying technology of Hedera Hashgraph is what truly sets CRYPTOCAP:HBAR apart in the long run. Hedera is not just another blockchain; it is a next-generation distributed ledger technology (DLT) that offers superior speed, security, and scalability through its unique Hashgraph consensus mechanism. This technology positions Hedera to support the needs of global enterprises for decades to come. The vision behind Hedera is to create a platform that can sustain businesses and applications for 100 years or more. This long-term perspective aligns with the growing trend of building resilient, sustainable companies that can thrive over a century. As more enterprises recognize the value of Hedera's technology, the adoption rate could skyrocket, driving demand for CRYPTOCAP:HBAR and increasing its value. 4. Favorable Risk-Reward Ratio With the price currently near a strong support level, the risk-reward ratio appears favorable for long positions. The potential downside is limited to the support zone around $0.040, while the upside potential includes a move toward the next resistance at around $0.105 and possibly beyond, up to $0.185. This presents a significant opportunity for long-term investors who believe in the future of Hedera's technology and vision. 5. Long-Term Uptrend Possibility If CRYPTOCAP:HBAR can break above the $0.060-$0.065 resistance level, it may re-enter the broader upward channel that began in early 2021. This channel could guide the price back toward the highs of $0.268 and beyond, especially if the market continues to recognize Hedera's potential as a foundational technology for the next century. 6. Moving Averages Confluence The current price is also interacting with a key moving average (possibly the 50-week MA). A close above this moving average would signal a trend reversal, attracting more buyers and potentially leading to sustained bullish momentum. 7. Historical Price Action & Market Sentiment Historically, CRYPTOCAP:HBAR has shown strong bullish impulses following periods of consolidation. The last time it bounced off similar support levels, it experienced a significant rally, reaching new highs. Coupled with growing market sentiment favoring distributed ledger technologies, Hedera’s unique offerings could place it at the forefront of the next big wave in the crypto market. Quick cap: Technological Advantage: Hedera's hashgraph consensus offers superior speed, security, and fairness over traditional blockchains, positioning it well for enterprise adoption. Real-World Adoption: Significant partnerships and real-world applications, like tokenizing assets with major firms and integration into payment systems like FedNow, demonstrate practical utility. Market Sentiment: Recent analyses and X posts highlight growing bullish sentiment, with technical indicators showing strong buy signals and price predictions suggesting potential significant growth. Fundamental Growth: With a robust development roadmap, increasing active accounts, and strategic token distribution for ecosystem growth, Hedera is set for sustainable expansion. Regulatory and Compliance: Hedera's structure makes it appealing for businesses navigating regulatory environments, enhancing its adoption potential. Cheers, Egide (Simba)
CRYPTO:HBARUSDLong
by EgideSimba
CRV/USDT Trading ScenarioOver the past 820 days, CRV has been in a steady accumulation phase, as indicated by volume profile analysis. In early August of this year, the asset reached a new all-time low at $0.1794. This decline led to a significant increase in buying volumes, signaling strong investor interest and active accumulation of positions. The volume profile analysis reveals a concentration of trading volumes in this price zone, which is characteristic of an accumulation phase. The continuous price decline, coupled with rising buying volumes, suggests that the asset may be preparing for potential future growth. Considering the current accumulation phase and the increasing interest from buyers, it can be inferred that the asset is on the verge of potential growth.
by Rick_SimpleSwap
6
Gold SellAs we were watching gold very closely and it has broken down its bullish channel and also its global Resistance became Support lately now it has become support become resistance , we have also exprienced heavy news day today and seems like gold has decided it direction as we have seen a Bearish Momentum candle which has broken the support below now we are waiting for a proper price action as retest is almost complete over gold and we will be Bearish again for next week in gold so fingers crossed lets wait and watch
OANDA:XAUUSDShort
by Wakeel_Saab
1
BTC at Risk - Death Cross Signals Potential Drop!Welcome to another analysis, where I dive into the latest developments with BTC and explore the potential paths ahead. I'm becoming increasingly bearish on BTC following the confirmation of a "Death Cross," where the 20- and 50-day moving averages have crossed below the 200-day moving average. This pattern is often seen as a strong indicator of a bearish reversal and the start of a new downward trend. Historically, when we experienced a "Death Cross" in January 2022, BTC dropped from $50,000 to $15,000 per coin. While there have been instances where BTC recovered after a Death Cross, given the current pattern of lower highs and lower lows, coupled with the ongoing uncertainty and volatility in the stock market, I believe the bearish scenario is the most likely outcome. Although I'm long-term bullish on BTC, it might be time for the cryptocurrency to take a breather, potentially allowing altcoins to take the spotlight! Be sure to follow for more updates like this! I also post daily on X: @PuppyNakamoto. Thanks for reading, and good luck with your trading! BITFINEX:BTCUSD KRAKEN:BTCUSD BINANCE:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSDT
BITSTAMP:BTCUSDShort
by WOLFofBlockStreet
9
Gold Spot (XAU/USD) Nears Key Resistance: Major Move Ahead?Gold Spot (XAU/USD) Market Analysis - August 13, 2024 Daily Chart Overview - Broadening Wedge Pattern: The daily chart reveals a broadening wedge pattern, often associated with market indecision and potential reversal signals. This pattern, characterized by expanding volatility, suggests that the market is at a critical juncture, with the possibility of either continuing its uptrend or facing a significant correction. - Ascending Channel (Bullish Flag): Within this broader wedge, a smaller ascending channel (bullish flag) has formed. While typically a continuation pattern, the flag is currently struggling to maintain its structure as price action approaches a significant resistance zone. - Key Resistance Levels (Daily Liquidity Zone): - The price is hovering just below the Daily Liquidity Zone (LQZ), ranging between 2,477.654 and 2,484.053. This area also aligns with the previous higher high, marking it as a critical resistance zone. - A failure to break above this zone could lead to a reversal, while a successful breakout would open the path for continued bullish momentum. - Support Levels: - The Lower boundary of the ascending channel around 2,454.606 (which aligns with the 15M Liquidity Zone) serves as immediate support. - A breakdown from this level could trigger a deeper correction towards the lower trendline of the broadening wedge, likely around the 2,420 - 2,430area. 4-Hour and 1-Hour Chart Insights - Broadening Top Formation (4H): Echoing the daily pattern, the 4H chart displays a broadening top, indicating increased market volatility and a potential battle between buyers and sellers. - Descending Channel (1H): A descending channel has formed within the broadening top on the 1H chart, suggesting a short-term bearish bias. This descending channel is pressing against the 4H and Daily LQZ, increasing the likelihood of a significant price movement soon. 15-Minute Chart Considerations - Bear Flag Formation: The 15M chart shows a bear flag, a continuation pattern that could signal further downside. This pattern is forming near the 15M LQZ, reinforcing the importance of this support level. - Potential Breakdown: The price is testing the lower boundary of this bear flag. A breakdown here could lead to a continuation of the downtrend, particularly if the 15M LQZ fails to hold. Mass Psychology & Market Sentiment - Indecision and Volatility: The broadening patterns across multiple time frames reflect growing market indecision and volatility. Traders should be cautious as this setup often leads to sharp and unpredictable price movements. - Watch for Divergences: Keep an eye on potential bearish divergences on momentum indicators like RSI or MACD, particularly around the key resistance levels. These could provide early signals of a market reversal. Trading Strategy Recommendations - Wait for Confirmation: Given the critical resistance at the Daily LQZ, it’s prudent to wait for clear confirmation of either a breakout or a reversal. A strong daily close above the LQZ would be more convincing for bullish continuation. - Short-Term Bias: On the lower time frames (15M and 1H), the bias remains bearish. Caution is advised for long positions until there's a definitive break above resistance. - Risk Management: Considering the broadening patterns and associated volatility, tighter stop losses or reduced position sizes are recommended to manage risk effectively. --- Summary: Gold Spot (XAU/USD) is at a crucial inflection point, with significant resistance at the Daily LQZ and potential support at the 15M LQZ. Traders should closely monitor price action in the coming sessions, as a decisive move in either direction could set the tone for the next major trend. ---
OANDA:XAUUSD
by Adlercon333
2
XAUUSD - Resistance Sell Short Term, Long Term BuysXAUUSD is trading at key areas, this is a great time to intra-day trade gold. Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone. I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
EIGHTCAP:XAUUSD
by I3ig_Trades