Hedera HashgraphLong
Potential Break Out Of Months Long Resistance Very Soon
Short-term chart patterns/ Technical indicators point towards HBAR breaking out of months long resistance (blue line on price chart).
Bullish:
Chart Patterns:
-Cup and handle (purple) formed points to $0.297 target
-Symmetrical triangle (orange) targets are between $0.327 and $0.321
-Previous cup and handle pattern met (black), likely that current cup and handle will meet its target
Technical Indicators:
-MACD has formed red/white histograms and about to have a bullish cross
-Stoch RSI crossed bullish after bottoming out
-RSI bounced off short term support
Bearish:
-Small bearish divergence formed on the RSI (yellow circles/lines)
Bullish:
Chart Patterns:
-Cup and handle (purple) formed points to $0.297 target
-Symmetrical triangle (orange) targets are between $0.327 and $0.321
-Previous cup and handle pattern met (black), likely that current cup and handle will meet its target
Technical Indicators:
-MACD has formed red/white histograms and about to have a bullish cross
-Stoch RSI crossed bullish after bottoming out
-RSI bounced off short term support
Bearish:
-Small bearish divergence formed on the RSI (yellow circles/lines)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.