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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 / BTC - The Most Bullish & Ugliest Chart in CryptoHBAR double bottomed towards the end of 2020 & beginning of 2021, and then made a fast and strong turn around. Now it has formed a very ugly but confirmed inverted Head and Shoulders pattern and is re-testing the neck line. Target range is our most tested resistance level 492-517. So long as the entire market doesn't take a massive dump, I'm guessing we go at least this high, and should get back above 400 sats relatively soon, likely around 397-417 and then 437-477 where we'll sit for a while before heading up to test that resistance, with a good chance at breaking through and re-testing or even finding a new all-time high. We need to break 367 and stay above it for the above to occur. We need to stay above 259 at this point preferably, definitely no lower than 232 for any extended period of time. It would be best if we remain above the neckline of the HSi, but I see that being unlikely in the current market that is trying to shake everyone out on either side.
Long
by dudebruhwhoa
3
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
HBAR / BTC - Is HBAR about to quintuple in BTC value?This is similar to another chart I did in November for LTC / USD, where I asked if LTC would triple in USD value- it did. Let's see if we can make it happen again. Also, HBAR today has moved similar to LTC has in the past, see related chart in Links to Related Ideas below. Trendlines drawn are based on line chart. Heiken Ashi chart is displayed. - Long term targets - 773, 1433 sats (USD value of approx 30-40 cents, approx 60-75 cents depending on BTC movement, which could vary much more - it would be 35 cents and 68 cents if current btc price @ 48k held throughout, unlikely) - Short term targets, see Highs and Lows between purple rectangles. LTC triple in value chart:
by dudebruhwhoa
3
Last chance to climb aboard... HBAR:BTCMoonshot... Broke out and retesting the channel. This seems to be a common pattern at the moment, just before they moon. Lets see if this follows the trend. Like & Sub for more of these... I'll publish my watch-list with similar plays if there's enough interest? Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Long
by TribeWriter666
10
HBAR / BTC & USDT Pairs - Breakout - Target 19-30 centsHedera Hashgraph has broken out following a double bottom on the weekly chart, a breakout and a bull flag. Today the Hedera Token Service launched, opening competition with Ethereum in the Defi space and competition against all other competitors in the space, including CBDCs, cryptocurrency, DLT, Smart Contracts, etc. Additionally: - a rare sneaker service, called INIFITE by SUKU made the switch from ETH to Hedera Token Service for their non-fungible tokens and estimates an 8000% savings in token creation costs - DLA Piper, an interational law firm is helping enterprises better issue tokenized assets through their platform TOKO, which runs on Hedera Token Service - Calaxy is preparing to scale its Creator tokens to support millions of users via the Hedera Token Service Also: - An early warning air strike system in Syria is running on Hedera - Tracking of Covid vaccinations in UK is running on Hedera - Steven Speilberg chose Hedera to store Holocaust survivor testimonies on the "blockchain" (or digital ledger, to be more precise)
Long
by dudebruhwhoa
1
HBAR / USDT - Parallel Channel on Logarithmic Line ChartThis is the USDT or USD logarithmic line chart for HBAR, potentially the overall pattern for HBAR has us in a parallel channel that looks something like this. Our trend with rising volume also supports this sort of growth. We should see a top target around 22.9 cents on the line chart, with a candle wick may shoot up to as high as 30-40 cents. If we break well above the channel and hold, we could move much higher. See previous related HBAR ideas linked below. I believe we're following patterns comparable to early LTC and/or early LINK (which we're actually performing better than at the moment).
Long
by dudebruhwhoa
HBAR / BTC - Due for a move upIf we're going to continue moving up, that should happen any moment now as we're running out of runway for it to occur. Should that happen, we form a HSi at the end of our bull flad which may look something like this. If so, we should revisit previous highs between 317-350 sats (see candle chart, this is line chart which I feel is better for getting a good handle on the average price over time). Targets - 317 sats or so, 340-350 sats. Bullish if -- a break above 350 may shoot us up to 417-497 in the near future, but we may hit 350 and drop a bit before that occurs. Should we continue above 497 as well, I feel we'll revisit our all time high and possibly make a new one. Bearish if -- really if we move very much lower from where we sit currently, and then stay there for an extended period of time. I'd suspect that we don't want to get and stay below ~217-232 sats if bullish movement is going to continue. A move below 232 is decent cause for consideration of the bearish outcome. Really, it's best if we stay above the upper trendline AND the lower trendline, both of which we are sitting on at the moment.
Long
by dudebruhwhoa