Hedera
$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.
HBAR / BTC Weekly Parallels, Potential Targets, Dec Week 1 or 2Was playing around with a new idea for HBAR / BTC weekly chart here and decided to share:
HBAR has been in two different parallel channels on the weekly:
Red Parallel: started with our first move up, has weakened but still wicked to the top of the channel and hasn't yet broken below.
Purple Parallel: has held above our first move up, and has cleanly reached the top of the channel 3 times now, has yet to reach the bottom here (if it did that this week, it would be around 586 sats).
Assuming we stay at least within the purple channel, or even the red - potential targets for 3 weeks from now are drawn in white:
- Targets touching the red channel bottom, mid-point, and top are based on not dropping below the bottom of our red channel.
- Targets touching the purple channel bottom, mid-point, and top are based on not dropping below the bottom of our purple channel.
Invalidation of Idea:
Dropping and closing a weekly candle below both channels cancels this plan.
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Original / Related Ideas Based on a Long-term Double Bottom Pattern for HBAR are Linked Below
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Will HBAR establish new support?We have been making higher lows since 21 july's reversal, trendline measured from it is a very strong support. It bounced from it really well.
Now the 0.382 fibb extension is becoming the new support, in my opinion it will hold but we should wait for a confirmation. Eth is making new ATH's, DOT aswell and BNB is close to it. It is not a alt season but its a very good time for certain coins. I can easily see HBAR going for the ath again.
A bigger correction would be really healthy but from the technical site i dont think is gonna happen soon, of course its crypto so i would not be surprised ;)
Targets are 0.43 and 0.46 - but there is a possibility we will test the ATH.
Sorry for the chart cluster, didnt have time to have fun and change fibb colors :)
HBAR / BTC - Double Bottom Targets ChartHere's a weekly chart showing potential targets for HBAR / BTC after having double-bottomed.
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IMPORTANT NOTES
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Before we can start using this chart, we first need to get and stay above 847-864 sats (0.236 fib and previous daily ATH before it was breached).
If we don't manage to do that, a triple bottom becomes possible - so keep that in mind.
Also, note that this is an OkEX exchange chart which has a different weekly candle schedule than most exchanges, so it will look different than Binance or Bittrex, for example.
Also, the listing day ATH on Binance was 3573 sats, so if we actually revisit that area, it may go higher than what is seen on here with the high @ 3294. I'm simply using this one because it was a fresh chart with no prior drawings.
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TARGETS
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This chart shows two different potential TP 1 and 2's for our double bottom, indicated by the two different colored sets of two arrows (white - more conservative, yellow - more aggressive).
Conservative TP 1 = 1437 sats and a range around that and the 0.382 fib around 1315. A safe TP 1 might be something in between, like 1367 for example.
Conservative TP 2 = 2130 sats and a range around that and the 0.618 fib around 2070. Instead, we could also use the mid-point of TP 2 as a safer TP 2 which would be around 1786 sats
Aggresive TP 1 = 1637 sats and a range between that, our 0.5 fib of 1692, and our conservative TP 2's midpoint @ 1786. So, 1637-1786.
Aggresive TP 2 = 2438 sats, or a range between that and the 0.786 fib @ 2609.
Finally, if we can get above all of these, it's possible we re-visit or even breach our listing day high @ 3294 (3573 on most exchanges). Get above 3573, we go into a new area of price discovery.
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TRADING RANGES
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I like to pair our pattern targets with fibs for confluence, but also for estimating potential trading ranges.
So, we could also use the purple boxes, as well as the black areas in between them, around our targets and fib levels as potential trading ranges.
HBAR 60% move potentialHBAR is currently under big resistance but the pattern formed with sharp move and consolidation for severals days is typical of crypto.
MM100 daily is in support, MACD Weekly is bullish and MACD Daily is ready to turn green aswell.
Prices may still stay in range between the resistance area and the MM100, but as long as we are above this one i would expect a higher move to happen with 66ct+ target area.
In my opinion going for a long between current price and 35ct would be the move to play.
HBAR bullish reversal swing tradeDaily candle successfully closed below 0.6 fib level which together with 0.5 are statistically most often visited levels by crypto. I would wait for a confirmation that the price will hold the white trade line which is measured from the 20 july's reversal and then go long.
BTC is bullish right now, it is a good time for alts, i can see HBAR going for a new all time high. Not even mentioning the fundamentals which were described already by other people in the tradingview community. Stars dont aling that perfect often.
HBAR / BTC - Repeating Pattern: End of September UpdateThe larger pattern has continued to repeat the smaller one since suggested back in May this year -see "HBAR / BTC - Repeating Pattern Idea - Worst Case Bull Scenario" in the related links below for my original post.
We finally got our move up during the first half of the month, as suggested in the End of August update.
For the 2nd half of September we've been correcting. The larger pattern that this is a part of is a double bottom on the all-time chart. Our double bottom min target is somewhere between mid-13 to 1400s sats , or it could be as high as low to mid 1600s sats . So far, we've corrected down to areas of previous weekly and daily ATHs, but haven't yet tested our previous weekly top. If we see further correction, it may go down as far as ~708 sats . If we go lower than that, we may see a shake-out prior to beginning our last and largest move up.
If we continued to repeat, we'd likely have a 2nd stopping point somewhere at or above our min target, and then a final blow off top that may even revisit or break listing day highs in the mid 3000s.
Failure of the larger double bottom could lead to a triple bottom instead, though I think this is still unlikely, unless the larger market moves bearish and sees a massive correction.
Zoom in on what happened last time:
Zoom in on now:
See previous related ideas in the links below for more details.
HBAR / BTC - Double Bottom Continued: Min Target @ 1444 SatsI believe Hedera Hashgraph is going to be the next crypto with a sustained uptrend against BTC, similar to what Chainlink did last year, and similar to what Litecoin did back in 2014-2017.
To get there, we need to break our neckline @ approx 780 sats, and our previous ATH of 864 sats. Once we break the neckline, the next target would be the top of the line chart from the day we opened trading for this pair, and then 1444 sats becomes our MINIMUM target once we've confirmed the double bottom that has been proposed since last year.
Expect potential breaks above each of these areas, and then re-tests, or - on the other hand, stops at those same areas, and multiple tests to break above them. If we get to our min target @ 1444, I expect we'll go significantly higher, potentially into the 2400s and then 3000s.
If we fail to confirm our double bottom at any point and head down, a triple bottom may come into play, although I currently think this is unlikely.
Also on the chart, a snippet of a more detailed plan for what sort of pattern we might see with the HBAR / BTC pair (bottom right corner and linked below as "Repeating Pattern Idea") leading up to breaking the neckline for our double bottom.
See related ideas below:
*** for USD and BTC pairings ***
*** comparisons vs Chainlink and Litecoin as mentioned above ***
*** some early double bottom predictions from when we were at or near bottom ***
TradingView recently made it much easier to add images to charts, which is what motivated me to publish this one. Thanks TradingView!
HBAR TRENDHbar trend analysis
HBAR is the native, energy-efficient cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications and protect the network from malicious actors. Developers use hbars to pay for network services, such as transferring hbars, managing fungible and non-fungible tokens, and logging data.
HBAR perpetualLooking at widening channel here. Two possible longs positions iyam. FIrst has RR of 3,5, second has RR of over 7. Both stoplosses are 3 to 4% from entry.
Little risk, clear invalidation points. BIds placed for the first long, will be filled in coming hours or not if HBAR (and btc) decides to move directly out of the channel .
Hedera [HBAR] - Here comes.... "The Dip"Hedera - Here comes "The Dip"....
Good Value Area:
GREAT Value Area:
I've gone to the DARK side with my charts. Better for night time but better overall as well IMO. Just never took the time to figure it out till now, ha.
We'll see what HBAR does if it gets to the value areas and I'll throw a trade plan together and update. Worst case scenario is that it plummets and falls flat. No matter how impossible the worst case scenario may be, we always have to at least consider it and have a plan for what we would do in that situation. We don't want surprises. Nothing will surprise us if we've already considered it and prepared for it.
HBAR Sets New All Time High As Bulls Maintain Their Power-HBAR is up nearly 95% over the last week
-Price has formed an ascending channel
-25 MA has continued to act as support
Hedera Hashgraph (HBAR) has been outperforming the overall crypto market over the last week as prices have risen nearly 100% from $0.24 to $0.49. HBAR refers to itself as the “trust layer of the internet”. Hedera is a public network that allows individuals and businesses to create powerful decentralized applications (Dapps). HBAR has been growing in popularity & market cap rankings as its now the 39th largest cryptocurrency. HBAR was designed to be a fairer, more efficient system that eliminates the limitations that older blockchains face.
Ever since the large market fall that occurred on September 7th, HBAR has been on an immensely strong uptrend. This uptrend has pushed HBAR to a new all time high of $0.49. Throughout this period, HBAR has formed an ascending channel formation (shown in light blue). The top trend of this channel has acted as a major resistance as each time price has reached it, it has gotten rejected back down to the median line of the channel (shown in red). At the time of writing, HBAR is trading within a major resistance zone of $0.45-$0.486. If bulls manage to break & hold this zone, we should expect price to reach the target given.
Throughout this run up over the last week, HBAR has only touched the bottom trend of its ascending channel once. This shows that bulls are immensely in control as price continues to hug the top trend of its channel. At the time of writing, Hedera Hashgraph is trading above a minor support of $0.45. If bulls lose power & HBAR gets pulled below this mark, expect prices to drop to the major support of $0.423. If this level fails to hold, expect price to drop further to the major support of $0.389. This would bring HBAR to the bottom trend of its channel. Along with this trend lies the 25MA. This MA has held for nearly a week now & a break below will likely cause a bearish trend change.
While looking at the Stochastic RSI, we can see strength is now heading towards the overbought region. If strength continues higher & enters within this zone, HBAR may be in for a push to a new all time high. The MACD has been stuck within a linear uptrend for the past few days. This continues bullish until the blue MA crossed below the orange MA.
HBAR Intraday Analysis
Spot rate: $0.467
Trend: Bullish
Volatility: Medium
Support: $0.4527
Resistance: $0.486
HBAR / ETH - Looks like We've Bottomed vs. EthereumMassive gains against Ethereum are possible for Hedera Hashgraph in the coming weeks/months. We've triple bottomed here, and it looks like our all-time daily chart could make a giant inverted HS. We've also formed a bottom 3 times within the right shoulder here, and the chart is moving up within a falling wedge, both providing some confluence to the potential for forming our HSi.
Hedera could see incredible gains against eth should this occur, let's keep a close eye on developments over the next days and weeks.
HBAR / BTC - Repeating Pattern Chart End of August UpdateHBAR is likely repeating the same pattern it did before we made the move above ~460 and tapped 800s.
- Back in May we experienced a diamond reversal after two daily candles closed at our last highest highs @ 776 and 791, both wicking into 800s. That reversal brought us back to our support area (green box) around the red target line.
- Next, after failing to get back above our resistance area (red box), we formed a head and shoulders that should've taken us down to test the top of the green triangle around 368, similar to what our previous repeating pattern did when it wicked down there before heading up to where we are now. So far that head and shoulders has failed. A failed head and shoulders should've taken us back up to 716-728, our March high, but that hasn't occurred yet either.
- Now, it appears we may be forming an inverted HS, which if successful should take us back above resistance and just over 645. This would add confluence to reaching our failed HS target @ 716-728, but could also fail and just as well support the idea of getting back below 400 before heading back up again.
Regardless of what happens in the immediate future, I still expect one of three things to occur after either moving up now or moving down first:
Option 1 - after getting back above resistance (red box & 645) we move above March high (716-728) and May high (776-791) and reach ATH @ 864 or just above it, then re-test either one of those previous highs before heading up to make multiple new ATHs.
Option 2 - we begin to do what looks like Option 1 but stop hard at March high (716-728), and start to make what looks like a giant head and shoulders. That head and shoulders fails and we return to Option 1
Option 3 - Option 2's head and shoulder succeeds and we make a triple bottom on the all-time chart (91-115) dragging this out much longer before seeing our new ATH above 864.
Targets after eventually breaking ATH @ 864:
-- I'm liking a major stop somewhere roughly between ~1330-1470
-- An eventual revisit of ~3570 where we opened on first trading day
-- If we get above 3570, price discovery and it's anyone's guess
Previous related ideas linked below under Links to Related Ideas