Feeling pretty bullish about HBARHi guys, been a long time since I posted. I've been away working... on other jobs that required my attention (I'm not a full time trader... unfortunately.)
Looks like an ascending wedge is forming in the 30 minute time frame.
We've been having a crazy run up in altcoins ever since BTC consolidated after the initial ATH between last Dec and Jan. Altcoins have been running up crazy since then. My account quadrupled with Cardano.. And that makes me think that other alts have been left behind.
Cardano performance is a killer.. around 3700% gains since all time low.
HBARs performance not so much... around 500% gains since all time low.
I don't really know about the technology, but both seem impressive to me. But I don't trade based on that, but mostly on price action, sentiment, and my thesis- along with chart formations. The environment is setting up in a way that I see as positive, and we may see a crazy run up before seeing a crazy pull back... like we did before in winter of 17/18. But when that happens, best performing are the ones that have promise but didn't have the massive initial run up.
HBARUSD trade ideas
TOo ViolentIn the early stages of HBAR, they have a very low dip that broke the support line. An Investors' dream for those who caught it. I used the Bollingers Bands and exposed the wicks that where pretty explosive. It is in a bull momentum based on the historical rang pattern. The time to buy is now before it fills or surpasses its last highest wick.
Symmetrical triangle for $HBARThis triangle has formed over the past 6 days and is coming to the apex of the traingle. Can we confirm a breakout to the upside? If we break out of the upper trend line then I expect another 50-75% leg up over the coming week. This is invalidated if we bleed through the lower trend line.
Hbar Gearing Up For A Big MoveThis project has multiple Fortune 500 companies on it's board and they are likely to announce more council members announced soon. Hedera currently has the most transactions per day out of any crypto with a daily average of 3.5 million transactions. They are currently approaching a milestone of 500 million total network transactions. I believe this DLT is going to be huge this year and now looks to be a good time to get in.
This is my first post on Tradingview so if you could give me a like it would be appreciated.
Remember this is only my formed analysis outlook. Research the project for yourself, as this is not an endorsement or recommendation to buy or sell.