HederaCryptocurrency Hedera, after a strong movement and reaching a local maximum, made a correction of about 30%. The chart shows a descending channel and a breakout of the trend resistance level. Where the price is near the support level. This situation gives a signal about opening a long position. Moreover, the trend indicator Parabolic Sar began to show an uptrend. Regarding the MACD indicator, it is clearly seen that the asset has been going below the zero line for a long time and expresses the oversold market in the lower periods. Where buyers are most likely to appear. Moreover, according to the Bitcoin chart that sets the market trend, you can see that a new growth cycle has begun, which proportionally coincides with the last two cycles of growth and decline (This trading signal is on my page). Therefore, most likely we have a good entry point!
