HBARUSD FELL DOWN 0.03005029HBARUSD FELL DOWN 0.03005029
Awesome oscillator is down 0
trendline is downtrend
HBARUSD trade ideas
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)
A great buying opportunity for HBAR.The recent 'crushing of all hope' in the crypto markets has presented a very good buying opportunity. Is it the bottom? Who knows, but I'll take half priced assets all day long!
Good luck!
HBAR GIVING THE BULL SIGNAL!!!COINBASE:HBARUSD is giving a green dot on the trading indicator indicating a bullish reversal
Repeating Pattern Idea for HBAR Daily ChartLooks like we're repeating the same pattern that we did before the last leg up that moved from 4 cents to 10.
May not actually play out exactly the same, so timing a move up to Sept or November isn't necessarily what will occur.
That said, if this idea is correct - we've already gotten the LL and a re-test of the previous HL.
So, when we finally break out and hold above the area of that HL, expect the move up to begin - regardless of whether we re-test the LL a 2nd time, which hasn't yet occurred this time.
Hedera (HBAR) Technical Analysis.As of the latest data, Hedera (HBAR) is trading at approximately $0.09987, reflecting a slight dip of 0.22% within the last 24 hours. The current market capitalization stands at $3.57 billion, with a fully diluted market cap of $4.99 billion. The volume traded in the last 24 hours is around 38.406 million USD, indicating a moderately active market. The circulating supply is 35.75 billion, with a maximum supply of 50 billion.
Technical Indicators and Oscillators
Relative Strength Index (RSI): The RSI (14) is currently at 40.25, which indicates that HBAR is neither overbought nor oversold. However, it leans towards the oversold territory, suggesting a potential buying opportunity if the price rebounds from this level.
Moving Averages:
Simple Moving Averages (SMA): The SMA for different periods (10, 20, 30, 50, 100, 200) all signal a ‘Sell,’ which indicates a prevailing bearish trend. Particularly, the SMA (200) at $0.093 is slightly below the current price, indicating potential support around this level.
Exponential Moving Averages (EMA): Similar to SMAs, the EMAs also suggest a ‘Sell’ for various periods. This aligns with the overall bearish sentiment in the market.
Momentum Indicators:
MACD Level (12, 26): The MACD shows a ‘Sell’ signal with a value of -0.00167, reinforcing the bearish momentum.
Stochastic Oscillator: The Stochastic %K (14, 3, 3) is at 7.22, suggesting that HBAR is in the oversold zone. This can be an early indicator of a potential reversal.
Commodity Channel Index (CCI): The CCI is at -146.34, which is significantly below zero, indicating that the asset is oversold. This might suggest a forthcoming price correction.
Chart Patterns and Price Action
The price action over the last few months shows a consolidation pattern with minor fluctuations. HBAR has been hovering between $0.09956 and $0.10043, showing a lack of strong directional movement. The recent candles suggest indecision among traders, as evidenced by the small body candles and extended wicks.
Fibonacci Retracement Levels
Utilizing Fibonacci retracement levels from the recent high of $0.16 in April to the current low around $0.09, the key levels to watch are:
23.6% Level: Approximately $0.106 – This level has shown some resistance, aligning with the recent price action.
38.2% Level: Around $0.115 – A potential target if the price manages to break above the 23.6% level.
50% Level: Around $0.125 – This is often a strong resistance or support level in a retracement scenario.
61.8% Level: Approximately $0.134 – This would be a significant recovery point, indicating a strong bullish reversal if reached.
Recent news suggests a mixed sentiment in the market:
Partnerships and Developments: Hedera has recently announced several partnerships and technological advancements aimed at increasing the utility and adoption of its blockchain. This could positively impact the price if these developments translate into tangible growth.
Regulatory News: The broader regulatory environment for cryptocurrencies remains uncertain. Any significant regulatory announcements could influence HBAR’s price either positively or negatively.
Market Sentiment: The overall crypto market sentiment has been slightly bearish due to macroeconomic factors such as interest rate hikes and geopolitical tensions. This has affected HBAR as well, keeping it in a consolidation phase.
Short-Term Trading Strategy:
Long Position: Consider entering a long position if the price closes above $0.102 with increased volume, indicating a potential bullish breakout. Set a stop loss at $0.095 to limit downside risk. The target for this long position could be around $0.115, where significant resistance is expected.
Short Position: A short position can be considered if the price drops below $0.095, confirming the continuation of the bearish trend. Set a stop loss at $0.105 to protect against sudden reversals. The target for the short position would be around $0.085, near the support level seen in historical price action.
Given the current technical setup and market conditions, HBAR could see a short-term fluctuation within the range of $0.095 to $0.105. A breakout above $0.105 could drive the price towards $0.115-$0.12. Conversely, a breakdown below $0.095 could see HBAR testing lower support levels around $0.085.
Conclusion
In conclusion, while HBAR is currently in a bearish trend, several indicators suggest that it is in the oversold territory. This could present a buying opportunity if confirmed by a breakout above key resistance levels. Traders should closely monitor the price action and volume to make informed decisions.
Actionable Advice: Stay vigilant for a breakout above $0.102 for a potential long position and watch for a breakdown below $0.095 for a shorting opportunity. Always use stop losses to manage risk effectively.
HBAR - Ready For Another Impulse?Hello TradingView Family / Fellow Traders,
🚀After a massive 108% surge, HBAR rejected the $0.15 - $0.17 resistance zone and is currently in a correction phase.
HBAR is now approaching a strong demand zone marked in blue, so we expect the bulls to kick in soon, as long as the demand holds.
📈 For the bulls to take over again, we need a momentum candle close below above the last major high highlighted in red.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
The "Up Only" MentalityThe Allure of Upward Trends:
Humans are naturally drawn to positive trends and progress. We find satisfaction in seeing things improve, whether it's personal growth, technological advancements, or the value of our investments.
This inherent bias towards upward trends has been amplified in recent times by:
The widespread availability of information showcasing constant innovation and economic growth.
The rise of social media, where success stories and positive experiences are often overrepresented.
The Discomfort of Downturns:
When faced with downturns, corrections, or periods of stagnation, we can experience:
Psychological discomfort: The dissonance between the expected upward trajectory and the reality of a decline can be unsettling.
Fear of loss: Potential financial losses or a missed opportunity to capitalize on further gains can trigger anxiety.
Loss of control: The feeling of not being able to predict or influence the market's direction can be frustrating.
The "Up Only" Mentality:
The combination of these factors can contribute to an "up only" mentality, where anything less than constant growth is perceived as negative. This mindset can manifest in various ways:
Unrealistic expectations: Expecting consistent, uninterrupted upward trends in investments, careers, or even personal lives.
Impatience: A growing sense of frustration when progress feels slow or when setbacks occur.
Disillusionment: A tendency to view downturns as failures or signs of an impending collapse.
Important Considerations:
Market Cycles are Inevitable: All markets, including financial markets, experience natural cycles of growth and decline. Downturns are a normal part of the economic and investment landscape.
Long-Term Perspective: Focusing solely on short-term price fluctuations can lead to emotional investment decisions and missed opportunities.
Psychological Biases: Understanding our inherent bias towards positive trends can help us make more rational decisions during periods of market volatility.
Conclusion:
Our tendency to favor upward trends and feel discomfort during downturns is a natural human response. However, recognizing this bias and adopting a long-term perspective are crucial for navigating the inevitable cycles of growth and decline within markets and various aspects of life.
Hbar loves double bottom (ADAM and EVE Pattern)I can spot a recurring Adam and Eve double bottom pattern in HBAR/USD chart.
What do you think?
Wyckoff Accumulation of HBAR/USDAnalysis of the market structure of accumulation of Hbar/USD with wyckoff accumulation pattern.
📈Long Setup on HBARUSDT📉BINANCE:HBARUSDT
COINBASE:HBARUSD
📈HBARUSDT 1H Long Setup📈
⚡️Quick long position with Semi-High risk status.⚡️
TP 1-2-3-4 and SL are on the chart.
The Alternate scenario is also plotted on the chart.
⚠️Don't forget to de-risk your positions.⚠️
Set a high HBARHBAR is looking good on the daily chart. We have tested a local support and rejected north.
RSI is still oversold and appears to have started trending up. Fib extensions are targets, also marked by horizontal ones.
R:R 1:13
stoploss below second support marked in red
This is NFA
Do your own DD
Good luck!
All set for .24?Due to recent news, it has kicked off a rally in this crypto, if there is any value to tech analysis then this can hit .24 soon.
Hedera Foundation Token $HBAR Token Surged 96% Hedera's CRYPTOCAP:HBAR token has experienced a whirlwind of activity, soaring by 96% within 24 hours on the heels of a misinterpreted announcement regarding BlackRock's involvement. While excitement surged over the tokenization of a BlackRock money market fund on the Hedera blockchain, clarifications soon tempered the frenzy, leading to an 18% drop in CRYPTOCAP:HBAR 's price.
Misconceptions and Reality:
The catalyst for CRYPTOCAP:HBAR 's meteoric rise stemmed from a misinterpreted announcement by the HBAR Foundation X, suggesting a partnership between BlackRock, Archax, and Ownera in tokenizing a BlackRock fund. However, subsequent clarifications revealed that BlackRock was merely aware of the move on-chain, with Archax taking the initiative to tokenize BlackRock's ICS US Treasury Fund. The discrepancy between perception and reality underscores the importance of clear communication in the crypto space to mitigate misinformation and prevent market overreactions.
Community Reaction and Clarifications:
Crypto influencers and industry observers initially seized upon the announcement, believing BlackRock's direct involvement in the tokenization project. However, voices of skepticism, including Cardano Ghost Fund DAO founder Chris O'Connor, highlighted the need for accurate interpretation and cautioned against premature conclusions. Clarifications from Archax co-founder Graham Rodford shed light on the nature of the collaboration, emphasizing that all parties involved were aware of the tokenization initiative, but BlackRock's role was limited to awareness rather than active participation.
Market Volatility and Long-term Prospects:
HBAR's rollercoaster ride, marked by a surge followed by a correction, underscores the inherent volatility of the crypto market and the susceptibility to speculative fervor. Despite the setback, HBAR's price remains elevated, reflecting sustained interest in the token and optimism surrounding its potential. The recent approval of significant funds for Hedera network development further underscores the platform's commitment to growth and innovation, laying the groundwork for future advancements and ecosystem expansion.
Technical Outlook
CRYPTOCAP:HBAR token is still poised for a reversal trend despite dipping by 18%. The crypto asset is trading with a Relative Strength Index (RSI) of 60.70 giving room for further surge or price consolidation.
Hedera Hashgraph #HBAR move to the supply zoneSeems like a logical move that is on the cards for this #crypto
Ad could form a decent W pattern
Let's see what transpires
HBAR USDT to be Buy BullishHBAR has broken the trend current and LH, i believe there is high probability that it can go UP,
Trade setup available in chart.
Hbar just hit the breakout target of the teal channelAfter the bullish news connecting hedara hashgraph with blackrock hbar saw a massive bullish impulse today reaching the full breakout target of this teal channel and then some. If it does an inverse Bart move here expect it to go considerably higher but for now the initial target has been hit so pullbacks, corrections, or consolidations are always possible before the enxt leg up. *not financial advice*
HBARUSD: Massive +40% surge but there is more coming.HBARUSD turned bullish today on the 1D and 1W timeframes (RSI = 62.233, MACD = 0.011, ADX = 37.310), at the time of this writing at +37% but this might not be the end of this bullish sequence. The 1W RSI is only testing the MA line and the price itself is testing the 1W MA200. Having been rejected there in March and failed to close a weekly candle over it, if it does this time, we expect the Channel Up to break upwards and target the 0.618 and 0.786 Fibonacci level successively.
The fact that this rebound is taking place after the 1W MA50 was tested and held, makes an even stronger bullish case for breaking higher. Basically, the price has been between the 1W MA200 and 1W MA50, essentially the 0.5 - 0.236 Fib Zone. We turn bullish long term on Hedera, aiming at the 0.786 Fib (TP = 0.31000).
See how our prior idea has worked out:
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Hedera: Buying Opportunity & Our Limit Order Set!Having observed sufficient weakness in the market today, we are ready to place a limit order for Hedera. We've decided to set our limit order at the 38.2% retracement level, primarily because we are already close to the level of Wave 1. However, it's essential to note, from a realistic standpoint, that theoretically, Wave 4 should not drop into the level of Wave 1. While we allow for wicks and such, acknowledging the fast and volatile nature of the cryptocurrency market, this might be a concern for other analysts, but it's not an issue for us. We will place our entry at the 38.2% extension level and set our stop loss just below the 50% retracement level, which is indeed deeper within Wave 1. We aim to avoid being stopped out due to a potential break here. Our target for Wave 5, depending on where Wave 4 concludes, anticipates a rise above the level of Wave 3 at 14 cents.
Another look at the current HBAR chart.There's a lot of room for HBAR to increase in price. If the trend continues, we could see a dramatic increase in the price of HBAR over the next six months to a year.
Good luck, and always use a stop-loss!
HBAR is All Adam & Eve Double-BottomsVery simple:
Two Adam & Eve double bottoms repeating leading into confirmation of one giant Adam & Eve double-bottom with a price target in the long-predicted 2-5 dollar range, presently measured at 3.78.
