Plenty of upside left in HBARUSD even after massive 55% pump

6 days ago

HBAR had a huge breakout today and shot way past the breakout target of the previous patter it had ust broken upward from. In doing so Price action is getting very close to completing the right shoulder of a much bigger inverse head and shoulders patter here. Should it trigger the breakout of this attern we ca see that the measured move target for it would be over 120% gains from where price currently is if it were to reach the full target. It may take it a second consolidating just below , or back &forth a little above and below the neckline of this pattern before it triggers the breakout since it just had such a massive pump, however it could just maintain the current momentum and plow right through that neckline without stopping for much of a rest. The most import support to watch for at the moment is the weekly 200ma(in blue) as long as it can flip that 200ma to solidified support then odds are good it will confirm the breakout from this invh&s pattern to too many candles after that. Also considering the total2 chart looks like it will confirm the long awaited breakout from its cup and handle patter soon, that increases the probability that this new bigger invh&s on HBAR wll be confirming its breakout too sooner rather than later. *not financial advice*

6 days ago

Note

If it loses the support of the 200ma, I would simply see that as an opportunity to accumulate a little more and continue to ladder in a slight bit more each rung lower it goes, If I was to add a little here and then it corrected more deeply before ever breaking above the purple neckline of this new pattern, I would simply keep laddering in more until we did tour back to the upside and I would view that correction as a buying opportunity *not financial advice*

6 days ago

Note

Just found out that the legendary Brian Brooks, who was comptroller of the currency at the OCC and who essentially was the catalyst that knocked over the first regulatory domino for crypto, is currently a board member of Hedera Hashgraph and that this pump could be in part because he is one of the top people being speculated to become the new head of the SEC to replace Gensler. Brian Brooks in charge of the SEC would be a huge win for the crypto industry let’s hope it happens. Gonna link an article here that claims that’s the main reason for the pump right here —> coingape.com/trending/hbar-price-is-up-53-as-hedera-board-member-brian-brooks-could-head-us-sec/, although the fact that HBAR is one of the US made cryptos I’m sure is also contributing, ad ultimately whe it comes down to it, the TA is really the biggest reason for it, as they say “Show me the chart and I’ll tell you the news”

6 days ago

Note

For ow the blue 200ma is still acting as resistance, as I said before there’s o triggering the breakout of the new bigger invh&s pattern until that line is flipped to solidified support.

6 days ago

Note

Firmly back above the weekly 200ma