HBAR consolidating. Breakout upwards in April.This is just a simple and fun interpretation and analysis of this years past price action of HBAR and an idea how it could develop during the next couple of weeks in this bull run.
HBARUSD trade ideas
HBAR Continues Ranging As Bulls Fail To Break Key Resistance-HBAR has been consolidating for nearly a month
-Price has been trying to break and hold $0.358
-HBAR risks a fall to $0.30 if the bears continue control under key resistance
Hedera Hashgraph has had a wild 2021 with the price rising nearly 1500% in a short 3 months. The Dapps token has been fueled by hype and anticipation of its large scale partnerships. Since it’s high of $0.457, Hedera has been consolidating in a price channel for nearly 30 days. Time is ticking for this sideways movement as the cryptocurrency market seems to be fueling for its next move.
The large scale descending channel can be looked at as a bull flag formation on higher time frames. To have any large bull trend, HBAR must break the top trend line of its price channel. The top trend (Black) is also in coordination with the key resistance of $0.358. Hedera Hashgraph has yet to be able to hold this level as support for longer than a day. Once these marks break & hold, expect HBAR to test $0.41 again.
While looking at the last few days, HBAR seems to be printing a Head & Shoulders pattern. If this patterns completes & HBAR breaks below $0.33 (minor support), price will experience a fall to its key support (in green) around $0.30. If this scenario occurs, which seems to be the most likely as of now, HBAR will still be in its month long price channel. If the $0.30 key support fails to hold, Hedera will experience a fall to its bottom trend (black) of its price channel.
Looking at the Stochastic RSI at the bottom, it has reset to oversold conditions. When this occurs on the chart it means one of two things; The price has consolidated enough and is gearing up for its next bullish run up or the bears have control of the price & more downside is coming as the strength sits on the floor. In this case, the last 4hr candle has started losing strength and the Stochastic RSI seems to be turning back to hit another low in the oversold territory.
In conclusion, HBAR needs to break out its current price channel (black trend lines) to really see a big move, until then it is considered consolidation.
HBAR intraday levels
Spot rate: $0.345
Trend: Sideways
Volatility: Low
Support: $0.30
Resistance: $0.358
HBAR 4H 4_12_21 looking bullishAfter several frustrating days of trading sideways, HBAR is showing signs of life. We have an ascending triangle and the RSI has turned bullish. Looking for the RSI to pierce 70 and the MACD to turn bullish.
HBAR News AnalysisI predict with the best probability the future trends, my ideas are reserved for the experienced trader. #UniversTrader
parabolic breakouts may happen heredaily RSI still has some upside even after this massive run,, look for top trendline to break before we see the next wave of buyers in. target .5
HBAR to 0.60 or 0.28 Very possible either wayWe need to cross 0.39236 to have confirmation towards the 0.60 other wise HBAR may goes sideways with possible slide down even to 0.28.
If we cross the 0.39 easy reach the 0.60, Giving the momentum we have now, there is a good chance to reach that level, just don't get disappointed if we didn't cross over because as you see the Descending Triangle that we are in, still huge and we may still have some times to cross over, Means more consolidations...
I don't want to promise you the moon as some wish and I do too, but we have to be realistic and trade smart.
Please Trade at your own risk.
HBAR - Bullish Pennant in the making??To predict the future, you need to look into the past. In the past, whenever we cross on the Stochastic RSI on the daily, we increase between 50% - 354%. Looks like HBAR is creating a Bullish Pennant. Next targets before we have a slight dip is the 2.618 (Flagpole breakout at around 0.75)). After the slight dip to maybe the 1.618 fib level (0.57), I can see HBAR hitting well over $3 in the near future!
I don't usually follow fundamentals (news and events), but this crypto has one of the best fundamentals I have ever seen in the crypto space.
1. Partners with many big players (such as Google , IBM , LG.. Look at their link to see hedera.com)
2. Will be a part of the Consensus 2021
3. Has a working product
4. Very low market cap crypto. The lower the market cap, the higher the reward ;)
5. Also one of the altcoins that may be added to Coinbase: blog.coinbase.com
I will start taking profits at $3 and working my way up. Let me know what you think.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Be fearful when others are greedy and greedy when others are fearful." - Warren Buffet.
"Show me the charts, and I'll tell you the news." - Bernard Baruch
HBAR might go rocket!!Hedera Hashgraph has been acting the was acting the way we predicted!
HBAR has already broken the trend line and right now it's testing it...
If its not a fake breakout we might see a a huge movement up with a few stops...
But my price target is 0.50-0.52.
If it's a fake breakout we could see a move down to 0.26.
I am still pretty bullish on HBAR!
HBAR next possible moves?So HBAR hasn't made the fifth wave as I was supposing.
Right now it is also crossing the 20MA.
What to expect now??
1, Green line
- we could see a bounce from the long trend line...
2,Orange one
- We could break the line and test is as a resistance with a bounce from a resistance level at 0.25.
3, Red line
- It could also be forming double top pattern which is super bearish.
- If we break the resistance at 0.25 we could possibly drop even lower to last resistance point around 0.11.
HBAR has 20% short potentialHEDERA HASHGRAPH looks interesting today! If we successfully break the channel and confirm above 0.36, we might have another 20% increase in short time. If not, we will hit the weekly support again.
Hedera Hashgraph - What's next for HBAR?If you haven't been living under a rock this bull run, you'd know that HBAR has been one of the most talked-about coins since its initial move up at the start of 2020. Currently, we stand at a crossroad. After rocketing 400% higher than the previous all-time high there are fears that HBAR might be running out of steam.
Bullish:
- Coin has been ranked number one on social blade multiple times in the past months and in the top ten literally dozens of times.
- Near perfect fundamentals: UK hospitals have been using HBAR to track the coronavirus vaccine, holocaust museums have been using HBAR to store survivor testimonies in the blockchain and they are rumoured to be working on the first "digital dollar" with centralised banks and the government.
- Amazing ability to gather public attention.
- Promising future fundamentals as COVID-19 will likely be around for at the very least a year or more to come and many government officials have admitted to be looking into working on a digital dollar that HBAR seems to be working on.
- Managed to avoid a double top drop, showing that the current 0.3 support is very strong and that investors are likely looking to hold HBAR for the long term. Usually, after a double top, we see a wave of panic selling that drops an asset down to previous support.
- The bull market.
Bearish:
- Volume is falling off in comparison to earlier this year, perhaps people are diversifying into coins that are yet to "moon" like HBAR has.
- Falling on the social blade. HBAR has gone from being mentioned in the top ten almost daily to hovering around the top 25. Perhaps this is because as altcoins start to pump left and right people are looking for more promising shorter-term investments.
- Double top (explained above)
- Potential triple top seems to be approaching as HBAR once again bounces off of the 0.3 support, if it does not break through on this attempt, with the dropping volume and weak RSI we will almost certainly see a drop to a previous support level.
HBAR could either somehow gain the volume (potentially via a new announcement) to push through the resistance and conduct a successful R/S flip (red arrows). Or we could see a triple top as HBAR fails to break through, after this investors would most likely lose some faith in the short term and we would see a sell off to previous support (orange arrows). Personally, I slightly favour the bearish scenario, however, it is impossible to be decisive, I would recommend not buying until we see a confirmation of a R/S flip above this resistance and not selling until we see a break below the support.
Buy big sell BIGGER - Megawhale
HBAR Hedera Hashgraph As I predicted yesterday, trend as change to positive
Heinki Ashi candles are very good to spot trend changes, train your eyes in all kind of stock. It is not difficult. Anyway happy 🚀🚀🚀🚀🚀🚀
Hedera is doing an outstanding job
Actually awesome👏👏👏👏👏that ‘s for the Hedera Team,
Good luck to all
Happy trading
Charlie
hbarSince the rectangle confirms the trend and the trend is bullish, we expect that with the price climbing to the ceiling of the rectangle, the collision of five shapes and the rectangle petren is complete. But I have no idea whether there will be a defeat. For now, the first target is the rectangular roof, and in case of failure the second target could be 590.
Warning: This is a technical analysis and I will leave the fundamental analysis to you.
HBAR Bullish Price ActionHedera Hashgraph (HBAR) has been consolidating in a bull flag within a larger trend structure (parallel channel).
It is nearing the lower band of this channel and appears ready for another leg up.
The Stochastic RSI is oversold and has just crossed bullish, and the double exponential MACD is flashing a buy signal.
Given that the falg extends outside of the trend structure, I expect HBAR to break out of consolidation on its next test of the upper flag resistance.
If it repeats the same rally it did in March, we could see $1 before a significant correction occurs.
HEDERA HASHGRAPHBe patient the trend is goin to change there is a battle right now between Bull &Bears
The bears have try to get the price down
But there is a great resistance and lot of buy on this environment 0.30/0.31/0.32, it seems the bears gonna loose soon the battle,
anyway it ´s a small volume on dispute
when big capital comes in, the price goes to the sky very fast
i guess we reach o.55 the lot of sales and the battle will be at 0.40
That ´s how the price action works on HBAR or at least t ´ll now
Good Luck
Charlie
