HBARUSDT- Broke out this resistance line currentlyBYBIT:HBARUSDT
4H trend chart
-
HBAR broke through the downtrend line so far on 4H chart.
If price can keep around here, trading strategy as below.
-
Profit Targets:
a) 0.3891----Fib(0.5)
b) 0.41----Fib(0.618)
c) 0.478----Fib(1)
Stop losses:
a) 0.3412-----Red horizontal ray
-
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
HBARUSDT trade ideas
HBAR LONG POSITION OPPORTUNITY!We will be seeing a slight pull back on HBAR, usually most of the time the 3rd breakouts on trendlines breakout are manipulative, price would be retesting the trendline at the $0.30775 once price breaches that area i will be opening my long position... profit taking target is 0.35090 or even $0.36040 then Stop loss is $0.29890
HBAR Regression uptrendHey guys, I was taking a look at Hbar at the request of @Inumaki | LPS and curious regarding Enicks 'Longing HBAR' comment.
First off, I'd like to mention that we're in a ROARING bull market so to me it's almost useless to do TA right now. The market as a whole is growing and people are buying for the sake of it, with no intent of using these currencies or even the knowledge of what they do. Not necessarily a bad thing, but by February or maybe March next year, ALL of these coins, including BTC/ETH and all the top dogs will be down roughly 30%, so IF you're planning on investing currently AND ARE NEW TO CRYPTO - DO NOT STAY IN LONG, OR DO NOT INVEST MORE THAN YOU ARE COMFORTABLE LOSING.
The market is good right now, but there are dangers ahead. Money to be made, but be safe.
Now to the post:
Hbar trading in a regression trend channel over a 90 day period - currently at the lowest point of RSI in those 90 days. As you can see marked on the chart that's a buy indicator with a target of 0.49c for the sell (Currently priced at 0.36c), which I'm expecting in EARLY December (A little over a week).
If you want to make a riskier play, follow the chart live (I will post an update each day in this channel, or you can follow the chart at my Tradingview.com/u/RetraVision) and wait for a BREAKOUT of the RSI channel. If we reach our .49c target, put a stop-loss at .44 and we can try an extend our gains to as HBAR will reach for another ATH if we break out of this regression trend (Expected ATH will be 0.65)
DISCLAIMER: I AM NOT INVESTED IN THIS CURRENCY, AS I DO NOT FUNDAMENTALLY VALUE IT ABOVE ITS COMPETITORS. THIS IS A SIMPLE TECHNICAL ANALYSIS TO ADVISE THOSE ALREADY INVESTED AS I DO NOT WANT TO SEE THEM GET BURNT.
HBARUSDT Price Action Range| Range High| Range Low| Trend Evening Traders,
Today’s analysis – HBARUSDT- trading within a large range where a deviation towards the lows is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- .618 Fibonacci Support
- Low Volume
HBARUSDT’s immediate price action is trading in a rising channel that has a probability of breaking down.
The .618 Fibonacci is a key level that needs to be respected for a continued move back up.
The current volume profile is below average, an influx is highly imminent on the next expansion.
Overall, in my opinion, HBARUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Fear, inherently, is not meant to limit you. Fear is the brain’s way of saying that there is something important for you to overcome.”
― Yvan Byeajee
$HBAR Hedera slowly climbing higher.Hedera is a blockchain-like public network for enterprises to power DApps, build P2P payment, and socialize in a trusted environment.
$HBAR in range for all time high this year.
Take profits on the road. And please let me know your idea about HBAR.
Green line : take profit
Yellow lines : support/ resistance
Red line : Stoploss (lower support)
In the long term buy imo.
DYOR and not FA.
HBARUSDT Showing Nice Bullish StructureSo this is an asset I don't believe I have talked about too much here. A close friend of mine had me look into this awhile back and I have been in it ever since. There are a few good things to look at, first we can start with the flagging pattern. Next we have a cup and handle. The targets here are .57 ( a level hit previously) and .75. I really like the overall structure of this asset and I'm sure it will do great things in the coming months. Thanks again everyone!