HBAR/USDT
1D/12H
HBAR forming a contracting symmetrical triangle on the daily chart making a series of higher lows under daily supply with volume picking up.
We pulled into the 0.5 fib from the initial move upwards into the high $0.57 showing a nice correction and sustained intact uptrend.
Expecting a breakout to the upside, reclaim the golden fib we have rejected and push past daily supply in the coming days/weeks. Could see price make its way to the 1.272 fib and into the 1.618 if the uptrend is sustained alongside the momentum of the market currently.
MACD on the daily looks bullish with the MAs above the centreline where its remained throughout the correction, (when in the bottom half of the centreline its in negative and not a buy signal, momentum is with the bears in that case). MACD histogram also showing strong divergences and. Bullish crossover just occurred with green bars starting to appear as buyers take over.
Fundamentals on this one are great, check it out as its a serious alt coin to be holding within your portfolio.
1D/12H
HBAR forming a contracting symmetrical triangle on the daily chart making a series of higher lows under daily supply with volume picking up.
We pulled into the 0.5 fib from the initial move upwards into the high $0.57 showing a nice correction and sustained intact uptrend.
Expecting a breakout to the upside, reclaim the golden fib we have rejected and push past daily supply in the coming days/weeks. Could see price make its way to the 1.272 fib and into the 1.618 if the uptrend is sustained alongside the momentum of the market currently.
MACD on the daily looks bullish with the MAs above the centreline where its remained throughout the correction, (when in the bottom half of the centreline its in negative and not a buy signal, momentum is with the bears in that case). MACD histogram also showing strong divergences and. Bullish crossover just occurred with green bars starting to appear as buyers take over.
Fundamentals on this one are great, check it out as its a serious alt coin to be holding within your portfolio.