HBARUSD trade ideas
HBAR Long Term StrategyMarket Cap
$2,489,663,131
9.22%
Fully Diluted Market Cap
$15,067,834,183
9.22%
Volume
24h
$657,357,987
63.52%
Volume / Market Cap
0.2634
Circulating Supply
8.26B HBAR
17%
Max Supply
50,000,000,000
Total Supply
50,000,000,000
www.hedera.com
Hedera long term strategy to go with the hype around this coin. I'm not one for fundamentals, as I feel all coins are basically the same. This is purely a high-risk, low capital long term strategy. Much like my TRX play. But I do favor this one more. Anticipating 3 areas of DCA on this.
Technicals: Weekly time frame, Binance. Original fork still an option but favoring modifier for now due to passage of time and symmetry. Currently resistance in upper parallel. However, the longer this goes sideways and remains above 21 Week MA I will be more bullish to the upside. I have marked my areas of potential zones I would prefer to see bounces and levels which I will add to bag. Anticipation of this is 2-4 years so patience is key. Will update upon further market information.
Short term: Anticipating profit taking and return to median line. Also would like to see more passage of time (~eoy 2021). However, any moves back above 40 cents will lead me to believe in more immediate upside.
HBAR chart looks interestingNon financial advice
We are generating a triangle with the ATH trendline + the current rejection zone. If we beat that trend line in the next few days. If we break above that level, I think we could have some corrections between 0.16 , 0.30 and 0.45.
If ATH is breached, perhaps a new ATH at 0.90 will be reached. In any case, anything around 0.80 will be a good exit point.
I think we can see some candles moving around .70-.90
HBAR Eyes $0.1699 Amidst Trend Reversal25% Price Jump: HBAR price exhibits a significant increase, breaking past the $0.10 barrier, showcasing strong bullish momentum.
Challenges $0.12 Level: The token's price movement is aligning with the 1.618 Fibonacci level, indicating a potential challenge to the $0.12 resistance level.
Potential for a 50% Upside: With the current bullish breakout, the HBAR price trajectory could reach up to $0.1699, highlighting substantial upside potential.
Impact of DeepTech Venture Studio Announcement: Following Hedera's announcement in Saudi Arabia, HBAR experiences a new wave of bullish momentum, indicating positive market sentiment.
SaucerSwap TVL Growth: The rising Total Value Locked (TVL) in SaucerSwap contributes to the bullish outlook for HBAR, reinforcing its market position.
Surge in Market Activity: A 50% increase in the last two weeks, combined with breakout events and rising trading volumes, underpins the strong performance of HBAR.
Falling Wedge Breakout: A clear trend reversal was signaled with a falling wedge breakout on February 6, emphasizing a bullish trend for HBAR.
Current Trading Price: HBAR is currently trading at $0.107, with a temporary pullback reflecting a consolidation phase after the recent surge.
RSI Indicator Analysis: The RSI indicator entering the overbought zone suggests a very bullish market sentiment, although a minor dip indicates potential short-term consolidation.
Price Target of $1: The market buzz around HBAR reaching $1 is growing, supported by recent developments and market recovery, with immediate resistance observed at $0.12 and $0.1699.
BULLISH IDEA HBAR to 0.105003M chart tells an interesting story:
zooming out, we see a big green candle validated by a big green volume bar, breaking trading range (taking open/close prices only). With 1.5M left in current 3M cycle, I think we'll see a push towards 0.10500 by end of current 3M cycle or in the next.
1M/1D
looking at the 1M chart, the last 3 candles show a spike in price, followed by some consolidation seen by the last two candlesticks. Price is ranging. and probably will continue to do so.
Zooming in, we are able to beter identify the range in which HBAR would need to break (hopefully upside lol): 0.6827 - 0.10178. Pretty big range, but it is what it is and it aint what it aint.
Personally will continue to DCA so long as we dont break downside in the range.
Monthly Adam & Eve Breakout Being Re-testedMonthly close is in a little over 5 days. CRYPTO:HBARUSD formed an Adam and Eve double-bottom on the monthly right at center and top of Monthly Support before breaking out to confirm that pattern and is now re-testing it for final confirmation or denial.
Hold the monthly neckline at 7.3 cents and we can expect a move up towards Monthly Resistance as we get into February and March.
Lose it and we likely will see another test of monthly support instead, which is around a falling wedge top, or this re-test area and/or the 200 day EMA and MA that I have marked and displayed on my weekly chart below.
Note that HBAR also saw a 50/200 day EMA and MA Golden Cross during the last few months of 2023, and is presently sitting back below the 50 EMA and MA. However, it has held above the 200 EMA and MA. So, we also need to see it recover the 50 EMA and MA if and after we see a close above the monthly neckline as well or these areas could be tested again.
Weekly chart showing Golden Crosses and Falling Wedge break / re-test(s) - also shown in related published ideas below, but updated chart pic here:
TL / DR - hold the Adam/Eve double-bottom's monthly neck @ 7.3 cents to continue up, lose it to re-test 200 day EMA/MA and/or the falling wedge re-test area marked on the weekly chart above.
Hedera's Leap Toward $0.10: Fueled by Saudi's DeepTech VentureBullish Momentum: HBAR's recent surge of 7.79% marks a bullish endeavor to breach the 50-day EMA, showcasing potential for further gains.
Retest Phase: Post-surge, the demand wanes, pushing HBAR into a retest phase of the recent wedge breakout, suggesting a consolidation before another leap.
Sustaining Gains: If HBAR can maintain its position above the 50-day EMA, projections see it climbing to the $0.091 threshold, edging closer to the coveted $0.10 mark.
Correction Concerns: Despite a spirited rally to $0.10, HBAR faces challenges in establishing a robust support level, with the 200D EMA becoming a focal point for a potential bullish reversal.
Supply Pressure: The immediate resistance posed by the declining 50D EMA tempers the bullish sentiment, indicating a tug-of-war between buyers and sellers.
Saudi’s Backing: The announcement of Hedera's DeepTech Venture Studio in Saudi Arabia, part of a significant $250 million initiative, injects optimism and potential for HBAR's upward trajectory.
Pattern Breakout: HBAR's price movement within a falling wedge pattern hints at a bullish breakout, underpinned by a 30% decline that sets the stage for a rebound.
Volume Dynamics: A spike in trading volume supports the breakout, although the subsequent retest phase sees a decrease, highlighting the market's hesitancy.
RSI Indicator: The RSI's bullish spike falls short of crossing the midway point, yet the rebound from oversold conditions signals growing demand.
Market Watch: Traders are closely monitoring the 50D EMA breakout as a pivotal entry point, with the $0.10 target within sight, contingent on sustaining the bullish momentum
Hedera: Almost done 😮💨Hedera continued to fall in the last week before a bullish counter-reaction occurred. According to our primary expectation, the price still has some room to the downside, but it should not be far to the low of the green wave 2. Once the low is established, a turnaround and a rise above the resistance at $0.10 is on the cards. Only the 33% probable alternative would entail further imminent declines. It would push the low of the magenta-coloured wave alt. (2) below the support at $0.03.
HBAR Price Aiming for $0.10 BreakoutCurrent Momentum: HBAR is experiencing a breakout rally, aiming to hit $0.12.
Psychological Barrier: The focus is on the crucial $0.10 mark, a significant psychological level for HBAR.
Pattern in Play: The rally follows a double bottom breakout in the daily chart, indicating bullish potential.
Weekly Kickoff: The week starts with a 10.86% jump for HBAR, currently trading around $0.0951.
Intraday Observations: A recent 2.07% drop forms a shooting star candle, hinting at resistance near $0.10.
Market Support: Bitcoin’s movement to $45K and a rise in trading volume underpin HBAR’s bullish scenario.
Entry Signal for Traders: A decisive break above $0.10 could be a key entry signal for those on the sidelines.
Technical Indicators:
MACD: Recent crossovers show indecision, but the current positive alignment suggests bullish momentum.
Next Milestones: Breaking $0.10 could lead to a further rally, potentially towards $0.12.
Risk Assessment: Despite bullish signs, failure to maintain momentum could see a pullback to around $0.060.
Overall Outlook: HBAR’s price trajectory is promising, with a strong focus on sustaining the rally above $0.10 for continued bullish momentum.
HBAR - This Quick Idea Could Yield A 100% Gain...Just scanning though the top 50 cryptos and looking for trading ideas.
This one here stuck out as a good timely opportunity..
Entry: At Market.
Stop: 0.07
Target: 0.19
Use your judgement, this is just an idea based on AriasWave.
A methodology I created to replace Elliott Wave because it simply does a better job.
$HBAR #HBAR Lags until $BTC #BTC #Bitcoin topsThis is what I am expecting. Bitcoin moves to pre-halving top at FWB:48K to $50k which is a major point of control and the bear market .618... HBAR will do the same but in a single week or few days time. That puts the prices around .25 to .30 a 3x from here at .09
IS HBAR READY TO SURPASS $0.10?Bullish Double Bottom Breakout: HBAR's price trend indicates a bullish breakout from a double bottom pattern, contributing to a 13% increase.
Strong Weekly Performance: HBAR has formed 8 bullish candles out of 9 in the weekly chart, showcasing strong upward momentum.
Potential Reach to $0.10: If the ongoing recovery rally continues to gain strength, HBAR's price could potentially hit the $0.10 mark.
Top Altcoin Gainer: HBAR ranks high among the top gainers in the altcoin market, reflecting a robust recovery rally.
36% Hike in 15 Days: The price of HBAR has risen significantly, marking a 36% increase over the past 15 days.
Rounding Bottom Pattern: A rounding bottom pattern with a neckline at $0.09886 indicates a bullish trend continuation.
20% Jump in Daily Chart: The daily chart shows a consistent bullish trend with a 20% jump.
Current Trading Price: HBAR is currently trading at $0.08446, with potential for a short-term retest phase.
Technical Indicators - MACD and RSI: Both the MACD and RSI indicators signal a strong uptrend and a surge in underlying demand.
Potential Retest Before Bull Run: The analysis suggests a possible retest of the $0.075 level before a continued bullish run.
Risk of Correction to $0.060: If the bullish momentum does not sustain, there's a risk of correction dropping to $0.060.