All set for .24?Due to recent news, it has kicked off a rally in this crypto, if there is any value to tech analysis then this can hit .24 soon.
HBARPERP trade ideas
Hedera Foundation Token $HBAR Token Surged 96% Hedera's CRYPTOCAP:HBAR token has experienced a whirlwind of activity, soaring by 96% within 24 hours on the heels of a misinterpreted announcement regarding BlackRock's involvement. While excitement surged over the tokenization of a BlackRock money market fund on the Hedera blockchain, clarifications soon tempered the frenzy, leading to an 18% drop in CRYPTOCAP:HBAR 's price.
Misconceptions and Reality:
The catalyst for CRYPTOCAP:HBAR 's meteoric rise stemmed from a misinterpreted announcement by the HBAR Foundation X, suggesting a partnership between BlackRock, Archax, and Ownera in tokenizing a BlackRock fund. However, subsequent clarifications revealed that BlackRock was merely aware of the move on-chain, with Archax taking the initiative to tokenize BlackRock's ICS US Treasury Fund. The discrepancy between perception and reality underscores the importance of clear communication in the crypto space to mitigate misinformation and prevent market overreactions.
Community Reaction and Clarifications:
Crypto influencers and industry observers initially seized upon the announcement, believing BlackRock's direct involvement in the tokenization project. However, voices of skepticism, including Cardano Ghost Fund DAO founder Chris O'Connor, highlighted the need for accurate interpretation and cautioned against premature conclusions. Clarifications from Archax co-founder Graham Rodford shed light on the nature of the collaboration, emphasizing that all parties involved were aware of the tokenization initiative, but BlackRock's role was limited to awareness rather than active participation.
Market Volatility and Long-term Prospects:
HBAR's rollercoaster ride, marked by a surge followed by a correction, underscores the inherent volatility of the crypto market and the susceptibility to speculative fervor. Despite the setback, HBAR's price remains elevated, reflecting sustained interest in the token and optimism surrounding its potential. The recent approval of significant funds for Hedera network development further underscores the platform's commitment to growth and innovation, laying the groundwork for future advancements and ecosystem expansion.
Technical Outlook
CRYPTOCAP:HBAR token is still poised for a reversal trend despite dipping by 18%. The crypto asset is trading with a Relative Strength Index (RSI) of 60.70 giving room for further surge or price consolidation.
Hedera Hashgraph #HBAR move to the supply zoneSeems like a logical move that is on the cards for this #crypto
Ad could form a decent W pattern
Let's see what transpires
HBAR USDT to be Buy BullishHBAR has broken the trend current and LH, i believe there is high probability that it can go UP,
Trade setup available in chart.
Hbar just hit the breakout target of the teal channelAfter the bullish news connecting hedara hashgraph with blackrock hbar saw a massive bullish impulse today reaching the full breakout target of this teal channel and then some. If it does an inverse Bart move here expect it to go considerably higher but for now the initial target has been hit so pullbacks, corrections, or consolidations are always possible before the enxt leg up. *not financial advice*
HBARUSD: Massive +40% surge but there is more coming.HBARUSD turned bullish today on the 1D and 1W timeframes (RSI = 62.233, MACD = 0.011, ADX = 37.310), at the time of this writing at +37% but this might not be the end of this bullish sequence. The 1W RSI is only testing the MA line and the price itself is testing the 1W MA200. Having been rejected there in March and failed to close a weekly candle over it, if it does this time, we expect the Channel Up to break upwards and target the 0.618 and 0.786 Fibonacci level successively.
The fact that this rebound is taking place after the 1W MA50 was tested and held, makes an even stronger bullish case for breaking higher. Basically, the price has been between the 1W MA200 and 1W MA50, essentially the 0.5 - 0.236 Fib Zone. We turn bullish long term on Hedera, aiming at the 0.786 Fib (TP = 0.31000).
See how our prior idea has worked out:
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Hedera: Buying Opportunity & Our Limit Order Set!Having observed sufficient weakness in the market today, we are ready to place a limit order for Hedera. We've decided to set our limit order at the 38.2% retracement level, primarily because we are already close to the level of Wave 1. However, it's essential to note, from a realistic standpoint, that theoretically, Wave 4 should not drop into the level of Wave 1. While we allow for wicks and such, acknowledging the fast and volatile nature of the cryptocurrency market, this might be a concern for other analysts, but it's not an issue for us. We will place our entry at the 38.2% extension level and set our stop loss just below the 50% retracement level, which is indeed deeper within Wave 1. We aim to avoid being stopped out due to a potential break here. Our target for Wave 5, depending on where Wave 4 concludes, anticipates a rise above the level of Wave 3 at 14 cents.
Another look at the current HBAR chart.There's a lot of room for HBAR to increase in price. If the trend continues, we could see a dramatic increase in the price of HBAR over the next six months to a year.
Good luck, and always use a stop-loss!
HBAR is All Adam & Eve Double-BottomsVery simple:
Two Adam & Eve double bottoms repeating leading into confirmation of one giant Adam & Eve double-bottom with a price target in the long-predicted 2-5 dollar range, presently measured at 3.78.
Hedera ($HBAR) I am anticipating a range breakout to greenHbar is consolidating inside of a macro range and has been for 3 weeks now.
This is not a bad thing, it's good in fact. It was recently broken out of a major resistance area at 0.09 (give or take), which is major and now all price is doing is consolidating right above.
Preparation for another leg up imo.
Green is target, but expecting higher (point of breakdown area denoted to the left of the chart).
Levels above for future reference, but not relevant right now.
Cheers,
vatsik
HBAR'S biggest percentage gain so far, is YET TO COME!Since I predicted the coming cup & handle pattern well before anyone else on Jan 2nd, HBAR has broken out of the cup's handle and ran for more than a 100% gain. The price peaked, dropped, and retested the rim-line; now it's going to make the biggest gain of the entire pattern.
Buckle your seatbelts!
Good luck, and always use a stop-loss!
HBAR: Downward! 🪂The bears have pulled HBAR's price down so sharply over the last seven days that it has broken through our (now grayed out) target zone to the downside. We now see the coin continuing in the green wave (ii) correction. As part of this movement, the (new) green Target Zone between $0.0948 and $0.0752 should be approached. Long positions can be built up there, with stops placed around 1% below the lower edge. Subsequently, the price should climb above $0.14.
HBAR Descending Broadening Wedge Bullish PatternHBAR has formed a Descending Broadening Wedge on all timeframes. The depicted is the daily showing price movement between two descending trendlines with volume confirmation at the top and bottom of the wedge as price nears the trendlines. The RSI on the daily is lower as the price is near the same where we entered the pattern suggesting hidden Bullish reversal.
MFI indicates net inflows increasing. I'm Bullish on HBAR
HBAR triggering an inv h&s + golden cross?It certainly looks as though hbar is already validating the breakout from this inverse head and shoulders pattern…however with price action this far above the 50 and 200mas at the time of its golden cross, there’s always a likelihood it may dump back down to the MAs at the time of the cross or shortly thereafter, even dipping back below the neckline temporarily to shake some weak hands that long in this zone…of course it could validate and just continue up to the target from here as well…if it does try to dip back down to the MAs to test them for support and even dip back below the neckline, probability favors that it will likely break above the neckline once again before too long an d then validate at that point if it doesn’t already validate after this first break of the neckline. Of course if we see price flip the 200ma back to solid resistance, then probability will favor this pattern becoming a fakeout…but until then probability favors it validating. *not financial advice*
HBAR: The next big winner?Adding another cryptocurrency to our portfolio, Hedera, or HBAR-USD. On the daily chart, following the last low at $0.0357, we've developed waves 1 and 2 and are now in wave 3. This wave is expected to reach between $0.14 and $0.27. The exact placement remains to be seen, but we'll definitely be looking for entries for our wave 4 afterward, planning to hold through wave 5. Given the fast pace of cryptocurrencies, we won't rush into minute or small hourly chart trades for now.
Post 90% Surge, HBAR Eyes $0.25Impressive Jump: HBAR records a staggering 90% price increase in just five weeks.
Fibonacci Alignment: Aiming for a breakout above $0.136, aligning with the 23.60% Fibonacci level.
Extended Bull Run Potential: Following another bullish breakout, HBAR's uptrend might reach $0.20 and potentially $0.25.
Market Recovery Contribution: As Bitcoin hits a new all-time high, altcoins like HBAR awaken for a strong bull market run.
Surge in Trading Volume: The increase in trading volume accompanies HBAR's significant price surge.
Psychological Milestone Surpassed: Successfully crossing the $0.10 mark, indicating a robust uptrend.
Golden Crossover Event: The potential for a golden crossover in HBAR's weekly chart hints at a continued bullish momentum.
RSI Indicator: The RSI ventures into overbought territory, showcasing the strength of the current buying trend.
Likely Breakout to 8-10 cents after failed BreakdownHBAR recently saw a failed breakdown its 4h falling wedge (dotted) and its daily falling wedge (solid).
Since then it has risen back to wedge top, breaking wedge top on the 4h and now attempting to do so on the daily. We also saw the largest daily green volume bar ever printed on Coinbase when it moved back up into the wedge, though that is likely somewhat related to exchanges shutting down or traders moving assets over to CB from Binance US.
Highly unlikely we do not get and maintain a bullish breakout now after having failed the bearish breakdown, unless Bitcoin shows a strong rejection at 30k. In that case, potentially we see it drop back down to daily wedge bottom before trying again.
Targets of 8 and 10 cents approx, are based on the daily wedge's 1x and 1.5x measured moves.
HBAR Weekly/Daily Falling Wedge BreakoutsHBAR is breaking out of the daily bar chart's falling wedge after having already broken out of a weekly line chart's falling wedge, both here on the weekly candle chart.
Initial targets are near top and bottom of weekly resistance. A move down could re-test wedge top, and this weekly candle needs to close above the wedge (already has daily closes but want to see a weekly close above).
See my related idea here, where I think we need to get and hold above 10-12 cents prior to going for weekly resistance:
HBAR to Repeat its Prior Move?This is a simple theory that COINBASE:HBARUSD can be divided into two parallel uptrends on the weekly:
one that acts as support
another that acts as resistance
When it first broke out of parallel support, it made a 2.5x measured move up, and then dropped back down near the 1.5x measurement, forming what would become parallel resistance after making a higher set of highs, dropping back down to 1.5x, and then losing it to fall back into parallel support.
After falling into parallel support, it tested the top of it and failed to move above, causing it to drop down to the bottom. When it did this it moved below support's bottom, but when it failed to remain below, it saw a strong and fast move back to the top of parallel support for another attempt to move above. This also failed, leading to a move back down towards the bottom.
Now that it has made 3 attempts at bottom, each attempt weaker than the previous, it should be ready for a 3rd attempt at the top of parallel support.
I expect it will break above it, as it has already failed to break below.
TP 1 and 2 are likely targets if it does this, but we could also see a repeat of its prior move sending COINBASE:HBARUSD back into and towards the top of its parallel resistance.
An example of how they are similar:
Crucial line for HBAR to HOLD!It has passed over this threshold before and has also been rejected, this time based on the current market I am bullish!
HBAR at 1.579 by H2 2024?Just being creative about what could form out of this current price action.
HBAR Long Term StrategyMarket Cap
$2,489,663,131
9.22%
Fully Diluted Market Cap
$15,067,834,183
9.22%
Volume
24h
$657,357,987
63.52%
Volume / Market Cap
0.2634
Circulating Supply
8.26B HBAR
17%
Max Supply
50,000,000,000
Total Supply
50,000,000,000
www.hedera.com
Hedera long term strategy to go with the hype around this coin. I'm not one for fundamentals, as I feel all coins are basically the same. This is purely a high-risk, low capital long term strategy. Much like my TRX play. But I do favor this one more. Anticipating 3 areas of DCA on this.
Technicals: Weekly time frame, Binance. Original fork still an option but favoring modifier for now due to passage of time and symmetry. Currently resistance in upper parallel. However, the longer this goes sideways and remains above 21 Week MA I will be more bullish to the upside. I have marked my areas of potential zones I would prefer to see bounces and levels which I will add to bag. Anticipation of this is 2-4 years so patience is key. Will update upon further market information.
Short term: Anticipating profit taking and return to median line. Also would like to see more passage of time (~eoy 2021). However, any moves back above 40 cents will lead me to believe in more immediate upside.
