Get started

Hederahashgraph

Expanded Flat Correction Soon or Longer Accum Phase FirstThere have been two bull runs so far for HBAR, each forming higher levels of support above its previous lows. It appears to be consolidating above the area of the first run; similar to how it consolidated above its original lows before the 2nd run. Trend-based fib extension also has the chart consolidating above the 1.618 fib of what could be an expanded flat correction, which I've posted about previously (linked below under related ideas). This chart shows two theories about that: 1.) a bull run soon from a typical expanded flat correction - everything appears lined up for that, and it has broken its 3-day downtrend, but is still missing the volume spike needed for that run 2.) without that volume spike soon, there may be a 3rd and longer accumulation phase that drags out to some date prior to the 2024 btc halving Note that the last two runs also had long and longer accum phases as well. Either is possible, and there still hasn't been a strong test of support since initially getting here, which could also be a possible trigger for the spike that is needed.
BINANCE:HBARUSDLong
by dudebruhwhoa
5
HBAR / BTC in a Parallel Uptrend?Quick chart here. Is HBAR / BTC in a parallel uptrend? We still need 3 touches at top and bottom to confirm this. If this is correct, we're at the bottom of the trend now and should see another trip to the top. Should we do that and stop at the top, expect to see a third trip to the bottom as well. MACD and RSI are also pointing to a reversal here, as confluence. An alternative possibility, if we hold channel bottom and then break channel top, this could turn into a giant inverted head/shoulders and become much more bullish sooner.
Long
by dudebruhwhoa
1
Signs of an Impending Move for Hedera vs. BitcoinAround June 19th, we broke out of a daily falling wedge (shown above), and again around end of July we broke out of a weekly falling wedge (not shown). Since then Hedera has started a pattern of consolidation within a very tight range, just above support, and below resistance. Measured wedge targets take us right at previous ATH (candle close), and a more liberal 2X target takes us above our all-time highest wick. Each of these provide confluence that Hedera is gearing up for a move. So, look for us to break out of the small range that we've been in for the last several weeks. And, even if that becomes a break below the consolidation range before it breaks above, it could still act as a fulcrum for pivoting to a significant move up. What we don't want to see is a loss of support (green box) that holds.
Long
by dudebruhwhoa
1
HBAR Ready to Rise for the 3rd TimeHBAR broke out of a falling wedge on its weekly chart a couple of months ago. It has since held above weekly support, and well above the wedge. If there is another dip prior to continuation, I could see it test the top of the wedge, near the bottom of support. However, if we lose support and close below the top of the wedge, this idea becomes invalidated. Measured targets / fib levels: -- TP 1 - 599-605 sats -- TP 2 - 734-744 sats Some confluence to support this idea: -- Chart VWAP, with the full chart in view, wants average price to be near the top of the resistance area shown. -- Zooming in to view the falling wedge moves the chart VWAP to line up with TP 1 as well (see chart snapshot below). -- TP 1 lines up closely with our 0.618 fib (within 6 sats), where fibs are based on the previous move from trough to peak. -- TP 2 also lines up closely with our 0.786 fib (within 10 sats) -- RSI has bottomed out, slightly higher than our previous bottom, and it shows similar movement to the last two moves from bottom, theorizing that each in a series of 3 (assuming we've begun our 3rd move) has a consolidation period that begins closer to its initial impulse, and consolidates for a longer period each time. -- Stoch RSI has also bottomed out and then reached top, also showing similar movement, and also theorizing that each in a series of 3 (again, assuming our 3rd move has begun) has a longer consolidation period between peak 1 and 2. Zoomed in view of falling wedge and Chart VWAP lining up with TP 1: Thanks for hearing my thoughts, please leave your own in the comments below. If this move does play out, I think it'll become highly likely that we see a new ATH before seeing any long-term bearish movement again. There is a linked idea for the HBAR/USD pair below under Link to Related Ideas, or here: -dudebruh
Long
by dudebruhwhoa
3
HBAR - Longterm View!Hello Kucoin S Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart HBAR is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes. H4: Right Chart HBAR formed a valid double bottom. For the bulls to take over, we need a break above the necklinemarked in gray. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, HBAR can still trade lower inside the blue demand zone . Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:HBARUSD
by TheSignalyst
17
HBAR - Possible Expanded Flat Correction HereHBAR dropped a bit lower than the typical expanded flat target @ 1.618 of its trend-based fib (which is around 9 cents as shown, and where I initially drew the green arrowed line for our reversal). Instead, we fell a bit lower to strong support at the area of the green box around 5-6 cents, but also held the daily and weekly trends. Weekly was nearly lost but was quickly reclaimed. We also have strong bull divs showing on most of the major indicators, and OBV (not shown) has continued to rise throughout the downtrend, plus our 50 weekly MA wants price to break back above the daily trend and get us back to an area around 24 cents. Good confluence from indicators here on a lot of different fronts. With all this in mind, if we can first break and hold above our weekly, and then daily trends, I'd suggest we're in a full fledged reversal and may see the expanded flat correction play out, taking us to a new ATH. Keep in mind this may take some time to come to fruition (months, not days or weeks), but we should start seeing signs of the reversal fairly soon if we continue to hold support at the green box. It is still possible that we drop all the way down to 3 cents before reversing, should support not hold, but that could still keep everything above in play as long as we don't lose the weekly/daily trend bottoms w/out quickly reclaiming them again. Here was my original post, prior to moving lower towards support:
BINANCE:HBARUSDLong
by dudebruhwhoa
1