Hedera
HBAR / USD - End of August UpdateAfter breaking out of our falling wedge, we formed a parallel uptrend. Eventually we broke above it, and then below it.
Now we are back inside of it and testing the bottom of the channel, while also testing the top of the green box (support). If we remain above both, we should see a quick trip back into the red box.
If we break back down into the green box and below the channel, we may start moving within a range between the two purple lines here with some breaks above and below, dragging this out further before seeing our move back into or above the red box.
Break above the red box, new ATH begins to look likely, there's also potential for a double top depending on what is happening with the greater BTC market. Always keep an eye on BTC.D and BTC to stay informed.
HBAR / BTC - Repeating Pattern End of July UpdateOur repeating pattern on the daily is dragging out further than originally drawn, and as we all know - the longer we drag along while moving within a range (between the red and green boxes), the larger our eventual move becomes when the chart finally decides upon a direction.
I post multiple ideas*** and latch on to the ones I feel progress best. This is one of those that has progressed really well, though dragging out further - I'm anticipating a strong decision when it does decide.
***See previous updates about this under Related Ideas by scrolling to the very bottom of this page, including the original post suggesting a repeating pattern back on May 17th.***
So, let's talk about how we got here, and where we may be going - first zooming in on the 4H chart, and then a few looks at the weekly now and in the past:
4H chart & impressions:
At the end of the current pattern, following a diamond reversal, we see a head and shoulders. As shown on the 4H chart below, we broke below the neckline forming a bearish target of approx. 368 sats, but.. we failed to stay below the neckline.
Now we've broken back above the neck and have so far managed to stay above it. If this continues, it becomes a failed head and shoulders and and we have instead a bullish target of approx 716-728 sats (or higher).
4H Chart:
Weekly chart & impressions:
Our current 4 weekly candles look a lot like the last 4 that ended in a bullish move that closed around 710 sats and wicked above 820-830 sats, our most recent and highest high. (see more on this with each screenshot below)
Weekly Chart:
That 4th weekly candle ended high, but it began low, wicking down to test the bottom of our green box prior to moving up to make our high (this is a replay of the beginning of that weekly candle, from around May 10th):
Now we are seeing similar behavior from the current weekly candle, which began looking bearish and wicked down to the exact same area at the bottom of the green box:
Conclusions:
- One difference in the current pattern that appears to be repeating vs the previous smaller one, is that the smaller one wicked down to re-test the top of the triangle it originally broke out of, see green circles on main chart from this post. We haven't yet done that, which is why (despite being extremely bullish) I believe that it's still possible we move down to 386 sats. That said, we need to cross back below the neckline of the head and shoulders to get there. However, if this does occur, I think it makes the chart all the more bullish and more likely to break our ATH of 864 and get into price discovery.
- Should the above not occur, we have an interim bullish target of ~716-728 sats. This is bullish, but also puts us in a danger zone with the potential to form a giant head and shoulders pattern on the daily & weekly charts. To avoid this, we need a weekly candle to close above 710 - preferably, break 800 sats and then 864. If we wick up to 716-728 on the weekly but fail to stay there and close closer to mid-to-low 600s, we start to see the possible head and shoulders (however, even that could fail and make us bullish again).
- long-term bull: if we eventually break our ATH of 864 and then manage to cleanly get above 1000, I really like the area of 1350-1450 sats as stopping point while in price discovery.
- long-term bear: if we break down to 368 and don't turn back up quickly as I expect, instead falling further, I see the possibility of a triple bottom forming on the weekly chart (for it to become more bearish than that, we'd need something like a market crash to occur).
HBAR/USDT Holding Support LevelWith today's bloodbath in many cryptos, such as BTC and ETH, I was expecting HBAR to follow their lead and drop with them.
However, HBAR has held steady, and did not drop below a key support line that I have previously identified.
With the recent pickup in new accounts created, and with stronger network effects, I believe we could see an HBAR price well above $1 if the crypto bull market continues.
Of course, HBAR could rise in price even if other cryptos stay depressed, but a more positive outlook on the entire crypto market will help HBAR a lot as well.
Let me know what you think.
HBAR stuck in downtrend Hedera has been in a downtrend channel since mid march or so and we are struggling to make it out, now the channel may not be 100% accurate size wise because of the multiple tall wicks but another could argue there is a couple down channels within the larger one. We were getting fairly close to that bottom bollinger band which could of drop us to the bottom of the channel or even lower but it seems like we have found some footing, first of all we gotta break above the midline on the bollinger bands if we want to start to see a climb upwards. and also with the bands squeezing down on us we are in the coming days/weeks going to see a large scale move, no one knows exactly what direction it'll be in but the more the bands squeeze the bigger move we are going to see. on the Wave trend oscillator we have found some declining support and it looks like our current wave could be reversing on this support, getting ready for a next wave upward. we are just about at the buy zone so we have tons of room to make a big run upwards, one spot we will have to keep an eye on is this downwards resistance that could give us some struggle once we reach that point, if we do smash through this resistance we could be looking at a nice sized run that i believe would bring us up above the midline of the bb's and also even better probably to the top of the bands which could then induce another huge run upwards. remember though BTC is the market mover so that is always a big factor that could end up voiding this whole TA lol. Not financial advice just my opinion!
HBAR / USD - On Balance Volume Rising Since March.. Last.. YearOn balance volume for HBAR / USD (as well as the BTC pairing) have been rising steadily since March of 2020, when it dipped momentarily following the insane Google news rally.
What do we know about OBV? OBV rising as price falls or remains flat indicates price will eventually rise. We can see that it did exactly that proceeding the Google rally, as price corrected while OBV rose. The end result was a 1300% increase in price in approx 120 days, 1000% of it within 90 days.
Here we are again, a prolonged correction following the last rally, and on-balance volume has continued to increase.
I'm expecting a promising future for Hedera Hashgraph, as compared with Chainlink and early Litecoin, both of which I've done chart comparisons with for HBAR that have so far turned out to show incredible similarities.
See links below to previous related USD and BTC pairing charts, as well as some of my older comparisons with the other two alts that experienced extended growth in the past.
HBAR following the BLUE LINEThis is actually blowing my mind. I dropped a few trend lines on the HBAR chart — one that has been support since December 2020, and another one that has been a down trend line since March of 2021. I also dropped a shorter term downtrend line that was in the shorter term, but it isn't relevant yet.
Well, HBAR broke back above the five month down-trend line. I'm happy about this.
It has also followed the blue line that I drew a few days back, and appears to be now dropping with the blue line I drew.
As much as I don't want to see HBAR drop, I can't help to be okay with it as the rest of the blue line suggests that we will be exploding up in the near future.
This is not financial advice. Please do your own research. :)
Hedera finally the real blockchain for real world… few words from person which is watching this market for over 5 years and looking for long term patterns based on fundamentals and utility not the promises of the founders.
I am not going to put any technical tools as they are useless when chart is couple of months old. Technicals are using in grown and harmonic markets.
In 2016 when I got interested in blockchain related topics I found that Ethereum real feature which can be used in near future. There were many ppl teachings how to program smart contracts it really looked like future of payment, electric cars’ payments electric bills etc.
All governed by blockchain which should work perfectly.
There were many projects like ETH lottery etc.
We have mid of 2021 and nothing like this happen. There is a plenty of promises made but nothing really happened. There is no popular eth lottery as far as I am concerned. Eth in current stage is too expensive and slow. I heard rumour that Visa will be using eth blockchain.
Waiting few hours for transaction to went through the network and see like 10% charge for payment is scenario I would expect in current stage of development.
…Friend is telling me from time to time about new crypto coins and it was some time ago he mentioned Hbar. Most of the coins he mentioned never got my interests but this one is a totally different story.
The conclusion I made was that it is quite possible that are witnessing time loop or back in time scenario.
What I mean by Time loop:
Hedera with its possibilities (fast the best security possible and normal price for transaction) sounds very promising like ETH in 2016 but with difference in terms of technology and blockchain awareness.
Like most projects it is backed up by big companies/corporations. When you scroll the list of them you will notice serious companies which to me are in the top in terms of future technologies. These are IBM Google and Boeing.
For time being the coin is on the market for couple of months and it should take 2 years and half to see couple of hundreds spike in value if we will witness same scenario as ETH price surge.
In my opinion it will be 1 year to see some serious movement, also I am looking at Hbar not as the coin to make transactions but rather different form of stocks and the price of Hbar will represent the company itself.
There is no way for me to know the future and current time, but at the same time it is rare to see investing opportunity with such enormous possibility to take big market share.
Scenario here may look like Amazon in 2001 which survived dot com bubble implemented cloud computing and well 20 years later, it is on the top of the market globally.
The founder of the Hedera mentioned in one of his presentation at least once that real project will proof its value when crisis strikes.
I see it as long-term investment and with current market scenario I would slowly buy while price will be going down. It is highly probable that this coin will go up and when it will be in news and forums under the same old phrase
…If you would invest in hedera in 2021 you would be millionaire by now.
HBAR/USDT Going StrongWith the recent rebound in most cryptos, HBAR has been holding over $.20. I am now looking for a confirmation in uptrend, rather than just trading flat in the near future.
In my opinion, if it can break above the 14 D EMA, it can test the 14 D upper bollinger band limit (2 standard deviations).
I am also closely watching the HBAR/BTC chart, and have converted some of my BTC to HBAR, as I believe it will outperform BTC in the coming months.
What do you think?
HBAR/USDT Holding StrongWith today's firesale in most cryptos, HBAR definitely got its own beating. It went as low as 0.16~0.17 versus USDT, which was definitely a good entry point.
However, it was quickly rebought and is now holding my support level strong. This is on a log shart, with exponential bollinger bands.
HBAR/BTC Looking Really Bullish Super bullish on the HBAR/BTC pair in the coming weeks/months. This may take a while, most likely it will not be a 100% pump type of move. It looks like HBAR is now in an upward trend versus BTC, and I think this outperformance in terms of USD will continue for a while.
HBAR Bullish Cross-over, Support Formed, Ready for Launch...What's up everyone, So Hedera Hashgraph has recently made a bullish signal.
One bullish signal is that we have a bullish cross-over of our EMA's on the 4hr.
Next, HBAR climbed to .40 before falling back down to bounce off it's initial break-out line, forming support.
The SELL BOX's illustrated by the two red boxes on the chart, are only potential places I plan to take profit at this time:
SELL BOX 1: .51-.53
SELL BOX 2: .70-.72
Again, these are only temporary profit taking points right now and are subject to change as we see the market play out a little more...
Note: for best and safest practice, wait for an hour candle close above .34 (Dashed red line), before entry. :)
Hedera HashGraph => The Best Blockchain ! - Huge rise expected !Hedera Hashgraph - Technical Analysis
Context: Hederra Hashgraph is clearly one of the best blockchain built until now.
With a gouvernance combining Google, IBM, Nomura, Standard Bank, Etc.....; and very low rate of energy used to run the network and revolutionary node integrating a KWC check and in the same time able to deliver high volume of transaction with high speed rate.... The massive adoption is soon.
Also Hedera is really focus on its DLT compliance and will provide a network which stick to the inquiries of all regulator (US included).
Tactical Horizon (1 to 3 weeks)
As long as 0,23/0,30 remains support a direct rise towards 0,90 before 2,10 is expected.
Key Element
MM 55 & 144 are support
RSI is on Key support above 42
ELLIOT WAVE : (not included on chart) however there is a clear Wave III in progress with significant potential.
Conviction => Strong view
HBAR/BTC Confirming my outlook?I originally posted an idea about HBAR/BTC possibly seeing all-time-highs in the near future.
I said that I would be watching for the 0.00000575 level, and at the time of me posting my other idea it was in the 0.00000540 range.
Currently, it stands at 0.00000550, with no signs of stopping. I am still watching for the 0.00000575 level for confirmation/entry, but I believe we are setting up for a beautiful upside with the current levels as support.
What do you think?
HBAR/BTC Breakout Coming?Hedera Hashgraph (HBAR) has massive potential against BTC in the coming days/week. Its ATH versus BTC is around 0.00000850 BTC for 1 HBAR.
It currently stands at 0.00000540. However, based on a wedge that has been building up in this pair, we could soon see it around 0.00000600 HBAR/ BTC , with no upside limit after it breaks out of this channel. I cannot post images as my account is new :(
I am watching to see if it breaks 0.00000575.
Let me know what you think!