[HBARUSDT] - catch it before it's so lateLooks great for weekly chart.
Breaking round bottom pattern after a 2 yaers of accumulation make it go to the most important level ( 0.618 fib ).
Incase breakout making our target is 3$
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HBARUSDT trade ideas
BINANCE:HBARUSDT - Double bottom is giving double profits. ---------------------------------------------------------------
Description
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+ The double bottom pattern stands out as one of the most reliable indicators of a potential reversal in market sentiment. Its appearance often heralds a shift from a downtrend to an uptrend, making it a favored pattern among traders seeking opportunities for profitable reversals.
+ A meticulous analysis reveals a distinct and well-defined double bottom pattern, characterised by two consecutive troughs followed by a significant rebound. This pattern's adherence to the classic double bottom structure further enhances its reliability as a signal for a bullish reversal. Traders recognising the significance of this pattern would undoubtedly find this observation noteworthy, as it strengthens the case for an imminent uptrend.
+ With the double bottom pattern confirming its efficacy through a robust bounce-back, attention naturally turns towards identifying potential price targets. The next target for this trade is projected to be 0.1014, representing a significant milestone in the anticipated uptrend. Market participants tracking this trade closely would view this target as a key level to monitor, as its attainment could signal further bullish momentum in the asset's price trajectory.
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VectorAlgo Trade Details
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Entry Price: 0.0781
Stop Loss: 0.0671
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Targets 1: 0.0817
Targets 2: 0.0854
Targets 3: 0.0927
Targets 4: 0.1014
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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HBAR-Genuine break and 100% rise?BINANCE:HBARUSDT is a coin that I've been closely monitoring this year, awaiting a buy confirmation. As depicted on the chart, after experiencing a more than 90% drop from its peak, the price began consolidating and has now formed a clear resistance in the 0.10 zone. This significant resistance was finally breached yesterday, and if it proves to be genuine, we could anticipate a rise to the next resistance level, which is approximately at 0.2, indicating a potential 100% increase.
Today, the price is undergoing a normal correction, presenting a potential buying opportunity. Considering a stop loss of around 0.085, such a trade would offer a risk-to-reward ratio of 1:4.
HBAR UP to 0.0935 with RRR 1:2Hedera Hashgraph (HBAR-USD) has recently experienced a significant increase in trading volume, reaching as high as 221 million. This surge in volume could be a positive indicator for the cryptocurrency, as it often suggests heightened investor interest and activity.
Moreover, despite recent pullbacks, the long-term trend for HBAR-USD appears to be upward. This is further supported by the fact that Hedera Hashgraph is the most used, sustainable, enterprise-grade public network for the decentralized economy.
Therefore, considering these factors, there is a possibility that HBAR-USD could see an upward movement in its price. However, please note that cryptocurrency investments carry a high level of risk and it's important to do thorough research and consider multiple factors before making investment decisions.
HBAR - Hedera Crypto DAILY, Potential ENTRY for 60-270% MoveHBAR in a 2 12 year channel may now be continuing it swing up to the top of the channel after a perfect FIB retracement started in late DEC '23, Jut got MOMENTUM UP confirmation on the 12HR that this UP movement is now continuing. Though this is a continuation of UP movement started back late OCT '23, it's a nice looking opportunity with a desirable coin and demostrates confluence of levels with historical use, if we get an IMPULSE wave exactly a year ago it's unot impossible to see a break above the channel to clear air and then a potential profit of 270% on the longer term perhaps in June.
HBARUSDT.1DBased on the provided market data, HBAR (Hedera Hashgraph) is currently trading at $0.073 against USDT.
In the 4-hour chart, the Relative Strength Index (RSI) is at 69.78, which is close to the overbought territory (RSI > 70), suggesting a potential price pullback. The Moving Average Convergence Divergence (MACD) value is positive, indicating a bullish trend. However, the price is currently below the Bollinger Band (BB) median of $0.076, which could signify an upcoming price correction.
The support levels for the 4-hour chart are at $0.069, $0.066, and $0.061 respectively, while resistance levels are at $0.076, $0.079, and $0.086.
In the daily chart, the RSI is at 48.75, which is neutral territory. MACD is negative, indicating a bearish trend. The BB median is at $0.077, slightly above the current price. The support levels are at $0.066, $0.060, and $0.057, while the resistance levels are at $0.078, $0.087, and $0.089.
In the 7-day chart, RSI is at 56.40, suggesting a slightly bullish trend. MACD is positive, which supports this bullish trend. The BB median is at $0.093, significantly above the current price. The support levels are at $0.065, $0.044, and $0.039, while the resistance levels are at $0.076, $0.084, and $0.098.
In conclusion, the technical indicators suggest a mixed sentiment in different timeframes. The 4-hour chart shows a possibility of a price pullback due to the high RSI, while the daily chart shows a bearish trend. The 7-day chart indicates a slightly bullish trend. Investors should exercise caution and consider these mixed signals before making a decision. Remember, it's essential to consider other fundamental factors and market news as well.
Hedera Floats $250M Web3 Venture Fund in Saudi ArabiaHedera ( CRYPTOCAP:HBAR ) has launched a $250 million fund for DeepTech as it seeks to drive Web3 education and adoption in Saudi Arabia. The open-source Proof-of-Stake (PoS) public ledger has announced a multi-year strategic partnership with the Saudi Arabian government.
According to the announcement, the PoS blockchain has entered into a core alliance with the Saudi Ministry of Investment. The five-year agreement is worth $250 million and includes the Hedera Fund-Saudi collaboration, as well as the launch of DeepTech Venture Studio.
The DeepTech Studio is part of a five-year plan and will be established in Saudi Arabia's capital city, Riyadh. Its focus is closely linked with Saudi's goal to diversify its income from oil and gain traction amongst international companies. The Studio will play a crucial part in developing innovative solutions in industries like Artificial Intelligence (AI) and quantum computing.
This launch comes amidst other milestones for the protocol, including significant growth and big partnership deals. Hedera Hashgraph's native cryptocurrency, CRYPTOCAP:HBAR , was allocated around 5 billion for the ecosystem's development and the advancement of decentralized governance. A portion of the fund was directed to existing initiatives, including the CRYPTOCAP:HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation.
Less than four weeks ago, the Hedera ( CRYPTOCAP:HBAR ) developer team talked about the integration of Hitachi U.S. in relation to potential inclusion in the governance council. The addition of Hitachi, one of the largest even for the Hedera Fund ecosystem, made the former the newest member of Hedera ( CRYPTOCAP:HBAR ) Council. The move is poised to boost the practical application of Web3.0 technologies.
HBAR/USDT | Hedera | 1W 👀I wrote about this token a few months ago, but now, from an investment perspective, it looks even more interesting in terms of risk/reward.
The coin's price has finally reached the historical accumulation zone, where I wouldn't mind buying it with 1-2% of my deposit (for now, I've started accumulating it in small parts; let's see how much I can accumulate in the end)
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Hedera. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Hedera #Investing #HBAR
$Hbar Midterm prediction! 25-75%+ Possible Hbar's weekly chart looking great! A bit of late breakout compared to other altcoins but strong fundamentals behind this coin's breakout!
Currently confusion happening around BTC's direction for last couple of days. Everybody literally confused about it because some entities doesn't want us to guess BTC's next move. My point is as long as BTC doesn't pull dirty crash move we are good to go! One of the best prospect out there currently!
Things may be looking UP for HBAR!HBAR has formed a clear cup & handle formation, and is nearly completed the handle. All that's left at this point is for the price to breakout of the handle wedge.
I would be cautious with this particular play, and look for a bullish engulfing candle previous to the breakout candle, and run a tight stop until you breakout above the upper cup trend line. (White dashed line)
Good luck!
HBAR time has come. Choo choo!This analysis is based on Elliott, fibonacci, pitchfork, and pattern of past bull runs.
I am posting charts of smaller time frames below too for more detail.
The algos tagged the golden zone (0.618-0.65 fibonacci) in log scale. Because of this, I do the target estimations in log scale. This results in an uber target estimation.
I pattern the estimation based on previous 4-yr cycled bull runs. The white squares are based on timelines (month it occurred) of previous waves 3,4 and 5. For example, past bull runs ended wave 5 top November or December.
Notice the yellow wave 2 off the bottom is very long in comparison to the yellow wave 1. This leads me to believe, that a major pump is in the works after such a long correction/accumulation.
Take the estimate with a grain of salt, as still quite early to be projecting 2 years in advance.