HBAR Seeking Golden Ratio After False Break of Consolidation?There's some big tells in what COINBASE:HBARUSD could potentially be getting ready to do so lets break it down on the Daily Chart!
Since the High on Dec. 3rd @ .392, Price has steadily been forming what looks to be a Descending Triangle while finding Support in the ( .25 - .23 ) cent range. Bearish volume building and RSI going from Overbought to currently going Below 50 suggests further Bearish Price Action could occur!
After the Positive USD Economic News Results for ISM Services and JOLTS Jobs Openings coming in well above Forecast, this seen the Dollar gain strength and other markets like Stocks and Crypto take a dive, in COINBASE:HBARUSD instance, it generated a False Break of the Descending Triangle to now where we see Price plummeting down to test the Support of this Consolidation Pattern.
If Support breaks, we could see Price make a Retracement to the April 2024 Highs @ ( .18 - .15 )
This area looks especially favorable because:
-From the Low before the Rally @ .04172 to the High of the Rally @ .392, lands the Fibonacci Golden Ratio levels priced @ ( .19619 - .17553 ) with the April 2024 High @ .1842 right in the Middle of this Zone!
-The 200 EMA is curving up into the suspected Support of the April 2024 Highs if Price were to fall, it would test this as well!
*If Price continues to fill the Pattern more, keep an eye out for more False Breaks, this will be evident with Price breaking either Area of Value ( Falling Resistance or Support Zone) followed with minimal Volume.
HBARUSD trade ideas
HBARUSD Few consolidation days, then $0.65Hedera (HBARUSD) breached through its 1D MA100 (green trend-line) yesterday but recovered immediately as the 1D RSI almost turned oversold (<30.00). We expect a few more days of consolidation and buy accumulation, similar to the April 13 2024 consolidation on the 1D MA200 (orange trend-line), before the next Bullish Leg.
On the April fractal, the price rebounded to the 1.236 Fibonacci extension to make a peak on the Higher Highs trend-line. With the two fractals having also similar 1D RSI patterns, similar rebound would place our Target at 0.6500.
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Noon Update, 02Feb2025 - HBAR Hedera Hashgraph...of course..., almost immediately following publication of my latest Chart for the HBAR Token, my Buy Limit Order set to purchase 1,000 Tokens at USDC 0.271, decided to Execute!
So, I've updated the relevant parts of the Chart, as well as, set a new Buy Limit Order.
Please enjoy.
Hedera Daily: Beware of the Bearish Dragon Pattern
In my previous article, I focused on Elliott Wave counts for HBAR.
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This time, I’ll approach the analysis from a different perspective:
1. **Dragon Pattern**
2. **Weekly Candlesticks**
3. **Parallel Channel**
4. **Oscillator**
5. **Fundamentals**
6. **Key Levels**
7. **Short-term Forecast and My Position**
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### 1. Dragon Pattern
The Hedera daily chart suggests a bearish “Dragon Pattern” forming. For a reference on a previous Dragon Pattern in Bitcoin, see:
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### 2. Weekly Candlesticks and the Dow Theory on the daily
Overlaying the weekly candlesticks schematically also indicates a clear bearish bias. Unless the weekly candle closes bullish—or at least recovers to 31 cents—the continuation of the downtrend looks very likely. The daily lower-low in the Dow Theory we already have might emphasize the bearish sentiment more.
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### 3. Parallel Channel
The price has dropped below the yellow line on the diagonal parallel channel. The following likely targets appear to be the light blue or gray lines. Considering this, it seems natural to expect a move toward the green box, although the path may involve some fluctuations.
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### 4. Oscillator
At the same time, the oscillator values remain at their respective low levels, suggesting a scenario where any downward move might be more gradual than abrupt. However, such a steep decline itself isn't excluded at the extreme of oscillator values.
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### 5. Fundamentals
From a fundamental standpoint, overall market sentiment is pessimistic, influenced by the DeepSeek shock and U.S. tariff concerns, making a short-term return to optimism seem unlikely. However, from a TA perspective, this aligns with the scenario many have been anticipating. If a decline materializes now, it may reflect the market providing its catalyst.
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### 6. Key Levels
On the downside, the area near the 23-cent low is almost particular to command attention. I watch around 17.5 cents (the top of the green box). If the price does reach this level, panic selling could spark wicks down into the 15-cent region. Although the bottom of the box is around 12.6 cents—and the likelihood of dropping that far seems slim—long-term HBAR holders like myself would welcome the opportunity.
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### 7. Short-term Forecast and My Position
As I posted on X (formerly Twitter), I’m currently short 34.5 cents and plan to take profits around 17.9 cents. Since a minor bounce could happen first, I don’t intend to add to my short position at this level. My spot buy orders are scattered from around 24 to 15 cents, illustrating my long-term bullish stance on Hedera.
For a bullish take, feel free to check out my earlier analysis (admittedly a bit optimistic, but I’m confident in the overall movement):
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my thoughts, as they pertain to HBAR Hedera Hashgraph --On the Chart, I've placed Notes and/or Emoticons at various points, which explain/summarize my thoughts/emotions beginning with the Presidential Election through 'Right Now.'
My hope is that TradingView Users find this interesting and it provides some solidity to your own convictions. You'll also note two (2) price-points where I've set Limit Orders to purchase more HBAR Tokens -- because, I'm quite Bullish.
HBAR DOUBLE BOTTOM W REVERSAL ON 45 MIN CHARTThe 45-minute chart for HBAR reveals a potent double bottom reversal pattern, hinting at a potential trend reversal. A decisive break above the resistance level of 0.3230 could trigger a significant run-up to 0.34.
Key levels to monitor:
Resistance: 0.3230
Target: 0.34
A successful breakout above 0.3230 may lead to a retest or pullback before HBAR embarks on a new leg upward, offering a potential buying opportunity. Traders should closely watch the 0.3230 level for a confirmation of the reversal pattern
Are we sending HBAR higher or in Buy The Dip mode?While liquidity is drained from many altcoins and prices stagnate, HBAR is showing an impressive performance.
Will HBAR continue on to challenge its 2021 high and achieve a new ATH (All-Time High)? As a self-proclaimed Elliottician, there's one point that concerns me. This correction since December 3rd has been too prolonged—it's difficult to interpret it as a single wave cluster.
In one possibility, we might have already entered a new progressive wave (the circled green 1-2-3-4-5). However, it takes on the somewhat exceptional form of a leading expanding diagonal in that case.
If the bullish scenario takes an exceptional shape, let's also consider exceptions for the bearish (correction) scenario. In this case, isn't truncation a possibility? In other words, the high on Christmas might have been the end of the upward wave following a correction that could be WXYXZ as an impulsive wave 4. There are multiple possible ways of counting, but in this case, it's possible to count the high on January 17th as the B of an expanded flat—that is, the B as an irregular top.
Turning our eyes to the weekly chart, the red box clearly functions as a resistance zone, and it appears to have formed a double top. If candlesticks are pushed out from this resistance zone, it would be natural to anticipate movement in a downward direction.
Nevertheless, HBAR holders, including me, will simply accumulate more if the price drops, won't they? Will that opportunity present itself?
HBAR is currently trading at equilibrium.Using my "grafting" trading technique, HBAR is currently trading exactly at the point of equilibrium. This could be either bullish or bearish, depending on the pattern, but it appears that HBAR could potentially drop down to #4 on the wave count, sweeping the lows before making a significant move to the upside.
Nothing in trading is guaranteed, but this pattern plays out in the same fashion frequently.
Good luck, and always use a stop loss!
HBARUSD - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is below the resistance 0.40089, beginning of downtrend is expected.
We make sure when the support at 0.22979 breaks.
If the resistance at 0.40089 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 0.40140 on 01/17/2025, so more losses to support(s) 0.29204, 0.26950, 0.24919 and minimum to Major Support (0.22979) is expected.
Take Profits:
0.29204
0.34000
0.37397
0.47800
0.57563
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0.57563
HBAR 1-hour .. Long in progressI like trading with HBAR.
It still has good volatility.
Placed an order before I went out on the town last night. Now I am in the trade.
Considering to do a scalp trade(s).
It's a tiny 521 dollar order.
Since my volume this month is higher my fees total (for entering and exiting) are "under 1%" .. I will start scalping with this in mind.
COT = 1% now (cost of trade)
Crypto TRUMP PUMP! - XRP BTC HBAR ADA - Have the stars aligned?Well the BIG DAY is FINALLY HERE!
Are you ready for TRUMP 2.0?
Regardless ready or not the world is about to get SPICY.
LOVE HIM OR HATE HIM One thing that 🟢SeekingPips🟢 is looking forward to is VOLATILIY. Well in the markets at least Currencies, Stocks, ETF's what ever tickles your fancy BUT I'M SOOOOOO looking forward to these CRYPTO MARKETS.
Oh YEAR & this HBAR TRIANGLE BREAKOUT still looks GREAT TO ME!
LET THE MAYHEM BEGIN.
HBAR Hedera BREAKOUT Still in Play? LONG Bulls Are Still Hungry!I'm getting a lot of messages and feedback regarding the heads up I posted earlier in the week with the
🟢 HBAR BIG TRIANGLE BREAKOUT POST 🟢
The BIG QUESTION is... "What Next for HBARUSD?"
&
The ANSWERi is SIMPLE..."We monitor VOLUME and RIDE THE WAVE"
👍Have A GREAT WEEKEND.
&
REMEMBER TO FOLLOW 🟢SeekingPips🟢 to stay AHEAD OF THE PACK.👌
$HBAR just broke the bullish price patternJust like my signal call during the SHIBA INU price pattern. This time a good call for accumulation for $HBAR. Aside from good technical formation, this project is packed with fundamental goodness. I should say, by 1st quarter of 2025 it will make unchartered all-time-high of at least $3-$5. Just a matter of time.. NAFA DYOR
#hederaHashgraph #hbar #helloFuture