HBARUSDT trade ideas
HBAR/USDT - ready for the next rally #HBAR/USDT , as we can clearly see that HBAR is moving in an upward trend and has consolidated and is forming the flag pattern which is a continuation pattern, this clearly indicates that the price will take further pump and move upwards , the current RSI is 51 which shows that security is neither overpriced nor under priced ,therefore it is to a positive indication.
When a flag pattern is formed volume generally declines and then the price takes a BOOM and volume also increases drastically resulting in an upward movement in the price direction, this can seen be seen in the HBAR volume too, volume of HBAR is also declining (marked by the arrow) which also confirms that the price will move in upward direction in the coming days.....
the area of entry is marked by the purple rectangle in chart, that price range would be an ideal situation for the entry,
HBAR has its support around $0.25 if this support is broken that could be a potential reversal, therefore Stop Loss(SL) Should be just below the support around $0.241
Entry- $0.306 - $0.297
Stop Loss - $0.241
sell targets - (i) short term - $0.43- $0.51- $0.62
(ii) long term - $0.885 - $1.148 - $1.31
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HBAROnce bitcoin settles and starts moving upwards, we will see alt coins go up parabolically as the correction of these alt coins are done and are building up to the next move up.
Short Term targets for HBAR: 0.60-0.70 dollars.
Trading Signal For HBARUSDTTrading Signal:
A Trading Signal is seen in the HBARUSD
Traders can open their Buy Trades NOW
HBARUSDT HederaHashgraph
⬆️Buy now or Buy on 0.277
⭕️SL @ 0.2552
🔵TP1 @ 0.316
🔵TP2 @ 0.338
🔵TP3 @ 0.415
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💡 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
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HBAR Bullish
HBAR's 50% late November run has fully retraced. Near the end of December, the price took out a series of swing lows, potentially paving the way for upside expansion.
Support near $0.02995 provides the safest buy. Still, most entries below the monthly open at $0.03183 are likely to be favorable if Q1 brings an HBAR bullrun. Traders can also look for entries in support between $0.03372 and $0.03183 since the price often retraces below the monthly open before a bullrun.
The cluster of relatively equal highs at $0.03834 provides a reasonable first target, with resistance around $0.03834 potentially providing a barrier to the second target at the $0.04150 high. The highs at $0.04747, $0.05041, and $0.06176 provide the next targets if the price breaks the resistance just below each high.
