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HBARUSDT

HBAR's breakout from the W pattern suggests a bullish reversal.💎 Paradisers, #HBAR has successfully broken out of a W pattern, indicating a potential bullish reversal. If #HBARUSDT undergoes a retest of the broken resistance level, confirming the validity of the W pattern, it could provide us with targets towards the next resistant level, given the nature of this reversal pattern. 💎In the event of a pullback, we may anticipate a bounce from the Bullish OB, which often serves as a significant support level. 💎However, if the price breaks down below the bullish OB as well, it might be wise to exercise patience and wait for clearer price action to develop before considering any trading decisions.
by MyCryptoParadise_Nathan
Hedera HashgraphOn-Chain Analysis According to DefiLlama, the total value locked (TVL) of Hedera has grown by 88% since 1st Jan 2023 and currently stands at $44.2 million. This increase is driven by the sustained success of Saucerswap and launch of Heliswap and Bubbleswap, as per Messari report. Technical Analysis The two most important metrics in the analysis is price action and volume. Our aim is to trade with trend and trend direction is governed by momentum. When momentum decreases, there is a high probability of market moving sideways. To determine momentum of trend, we will use price and volume. 1. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume > 21-moving average volume, we can say there is high momentum and lesser probability of price breaking below that particular resistance. 2. When price crosses above 7-moving average price or breaks resistance with 7-moving average volume < 21-moving average volume, we can say there is low momentum and higher probability of price again moving below that particular resistance. Support level: 0.847 Resistance level: 0.993 RSI: 70 (high momentum) MACD> signal line Note: Note: Please DYOR before trading/ investing. Studies are for educational purposes only. We will not be responsible for any kind of your Profits & Losses.
Long
by teakfinance
💡 Don't miss the great buy opportunity in Hedera HashgraphTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.0775). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Hedera Hashgraph HBARUSDT is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 85. Take Profits: TP1= @ 0.1100 TP2= @ 0.1250 TP3= @ 0.1374 TP4= @ 0.1661 TP5= @ 0.2118 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
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