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HBARUSDT

HBAR / USDTHedera Hashgraph is a wonderful project that had a beautiful performance lately by the hype on socials. Lately it got a big healty correction, unfornately entered to a downtrend channel that is going almost perfect. I used fibonacci, ichomoku cloud and found the hidden supports/resistances where i found great points to buy if it bounces. The red symbols are possible supports where it can bounce but i believe that we have room to keep breaking supports until found the yellow arrows where it can seat on a strong support that fits the supply/demmand region and there we can start a big reversal with the best entry profits. Something similar is happening with BTC with a support on 52k and also with XEM/USDT that got a big support at 0.32 and now is at 0,40. Remember BTC moves whole market so to follow my analysis take in consideration that BTC is correcting when it start to run maybe all the alts will follow a bit later.
by awstian
HBAR 150% rally on the verge of wipe off Hedera Hashgraph engages reverse gears on failing to rise above the all-time high of $0.2821. HBAR is seeking higher support, but a worsening technical picture hints at a correction to the 50 SMA. Hede ra Hashgraph must clear the resistance at $0.2821 to open doors to gains above $0.3. Hedera Hashgraph has witnessed an incredible rally since the beginning and 2021 and most recently in March. The token shot up more than 150% in the first 11 days of the month, trading a new all-time high of $0.2821. However, selling pressure has started to intensify, resulting in the ongoing correction. In the meantime, Hedera Hashgraph is exchanging hands at $0.25 following the minor correction. The downward action appears to be gaining traction, accentuated by the Moving Average Convergence Divergence (MACD). This technical indicator follows the trend of an asset and keeps track of its momentum. The MACD has stalled significantly higher within the positive region. Besides, the indicator is sending out bearish impulses, especially with the MACD line (blue) likelihood of crossing under the signal line. On the downside, very little support is expected at $0.25 because the price has sliced through the zone several times before. Therefore, the most significant near-term tentative anchor is highlighted at $0.22. Here, bulls can increase their position and confidently defend the support as they push for another assault on the record high. However, if push comes to shove and the price explores the levels under $0.22, Hedera Hashgraph will risk diving to the 50 Simple Moving Average (SMA) around $0.18 on the 4-hour chart. Other critical support levels to keep in mind include the 200 SMA currently holding the ground at $0.14 and the buyer congestion zone at $0.11. Hedera Hashgraph intraday levels Spot rate: $0.25 Relative change: -0.017 Percentage change: -6.35% Trend: Bearish Volatility: Growing
BINANCE:HBARUSDShort
by CoinGape
2
HBAR / USD - Showing Good Chance to go ParabolicHBAR / USD has formed a strong parallel uptrend and it keeps making attempts to break up and out of that trend. Recall that, the more knocks at the door, the better chance at breaking through that door. This is usually said about getting past a resistance (or support), but also applies with parallel channels. That said, its absolutely possible that we can test the bottom of our channel again before seeing a move up and out. BTC pair looks even stronger after double-bottoming on the all-time chart and moving back up. We're not even halfway to our old highs vs BTC and may have a shot at breaking it. Should either of those two things occur, the USD price of HBAR could easily do 2-5x from here. On the chance we move back down and revisit bottom again against BTC, that would give us a triple bottom and send us even higher than expected now. In case you haven't noticed, i'm super bullish on HBAR. Channel drawn based on 30 min line chart, and then viewed above on daily candle:
BINANCE:HBARUSDLong
by dudebruhwhoa
2
HBAR / USD - Update - moving closer to 19-22 centsFirst, we broke our previous all-time high, it was tested and became new support. Then we broke our resistance above that, it's been tested and has become support. We've broken out of the green logarithmic channel and re-tested the top of that channel. The purple channel is our next test, which would take us up to 19-22 cents. With each move up lately, we're also forming little cup and handles. That appears to be happening again now, no drawing needed to see it. This particular move up came with news that Quantstamp was working with HBAR on an NFT protocol that is very similar to that of Ethereum's most widely adopted, yet at a cost savings of 8000%. Also, two new major companies have recently been added to the governing council, which you can check on their website or twitter page. HBAR has outperformed Ethereum's daily transactions within 9 months of having launched the Hedera Consensus Service, and more recently launched the Hedera Token Service with a goal to tokenize everything using NFTs. If we break up and out of that channel, significantly higher targets come into play, first 33-40 cents. Though presently, I'm still targeting 19-22 cents. Related ideas linked below.
Long
by dudebruhwhoa