HBAR/BTC 91% Potential from here with Tight Stop Loss#HBAR/BTC TA Update:-
#HBAR currently trading at 198 Satoshi
And low was 187 Satoshi.
And Very good strong support here.
So I am buying #HBAR also.
Entry:- 190-200 Satoshi
Targets:- 243/295/350 Satoshi
Stop loss:- 285 Satoshi
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HBARBTC trade ideas
HBAR / BTC - Should see an uptick soonHBAR is nearing the bottom of the channel on this downtrend. It may continue down for a bit to around 225 sats or slightly lower/higher, and then we should see some bullish movement, at least back to the mid-point of the channel. I expect this thing to turn around, but a break below the channel here invalidates the idea and confirms further downside.
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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Hadera Hashgraph looks juicy. $HBAR had an explosive start of the year; and as always. Every one has forgotten about it. This thing is currently following a fractal which preceded the Feb 2020 price explosion. If my idea plays out it looks like its going to have an interesting rest of the year. This is not financial advise. DYOR.
HBAR / BTC - Hedera Hashgraph at a turning pointWe've had a recent shift in movement in HBAR, chart suggests we'll reach somewhere just below 450.
Note - I actually expected this to go back to bottom again before moving up, which is still certainly possible, but if we break above this channel, the monthly does look like a giant bull flag and this thing could really see some movement. We've had quite a few extended fake breakdowns before seeing real movement in HBAR. The tech behind this coin is different than everything else out there and no matter what happens I feel like its worth following long-term.
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 / BTC - Update: Make or Break Time for HBARHBAR has returned to major support area (between 350-380 sats roughly).
- If we break and close with a daily candle below the green box, HBAR is likely to move further down
- For it to be bullish, we need to get back above the bottom of the yellow triangle (approx 397-400 sats)
In the bearish scenario, it's possible a short-term bullish move occurs that takes us back up to 400 area to re-test the bottom of the yellow wedge.
In the bullish scenario, the same thing could occur, but we would need to break above the wedge, and then re-test it, or hit the bottom, go down, and on re-test break through.
NOTE - typically a wedge like this breaks down after multiple tests of the flat bottom (but there's also a possibility this is a symmetrical triangle, which is why i drew both)
NOTE 2 - our lowest low in this wedge was around 332 (near the beginning), it's also possible we hit that low again before breaking back up, so be careful, I prefer not going lower than 350.