Update / Edit - corrected shifted trendline at top of triangle in snapshot above ^^^ Let's see if HBAR bounces off of the top of this symmetrical triangle and brings incredible profits. Volume is currently rising with price Beware BTC - although if it runs, i think there's a chance HBAR may run with it. Everything else is pumping right now except for...
Just an idea, let's see if it plays out
Altcoins may see continued favor for a short period. I'm looking for a double-bottom where the 2nd circle is drawn. After we hit 62% again, I think we'll see a massive rise in BTC dominance and bitcoin value. Many will exit altcoins until bitcoin reaches near its new peak value, and then a real altcoin season will start, before everything starts correcting...
HBAR still looks fantastic on the USD chart, BTC value went down significantly today however. BTC can change things in an instant, even on a great looking chart, so plan for both scenarios just in case.
Look at how perfectly this retraced to the .236 fib after it changed direction following the google news. We're looking a heck of a lot like Ethereum / USD (whether you are looking at this pair or the USD pair) before it's mega-move from 40 cents to 1400 dollars. We also look a lot like Tron / BTC chart before it's massive 2017 run.
We moved back down into the triangle, HBAR is having a difficult time deciding where to go, though the monthly chart still looks like a giant bull flag - it could still go either way. We are almost at the end of the triangle, expect it to make a choice very soon.
We broke the triangle on HBAR / USD, if this becomes a clean break, 10.1 cents is possible News today - AUD is testing a digital stablecoin running on HBAR / Hashgraph
New idea - bullish diamond reversal, min target - length of diamond, max target 1.75x length of diamond
Was just noticing this on the chart, after bottoming Hedera Hashgraph appears to have made a similar pattern on the chart as the larger pattern printing now. Will we see a repeat of this? The last time was predicated on the announcement of Google joining Hedera's governing council.
Let's see if we bounce here or break downwards. A bounce from here is a very good sign for strong bullish continuation, a break back into the triangle puts us back into consolidation, a break below the triangle is a strong bearish signal.
Inverse Head and Shoulders formed on 1H HBAR / BTC
HBAR broke out of its long-term triangle after printing a bull flag, then it bounced off of triangle support and has now broke previous resistance at 454 sats. Now we are re-testing that area while printing a second bull flag - beautiful! Keep an eye on this to see if it breaks 500 again, I believe 100+ % gains are possible from here if we can break cleanly...
Bull flag forming on 4H at resistance of symmetrical triangle on weekly. A break up could potentially see a significant move. Breakdown of this trend will also likely see a significant move downwards. Hope for the best, prepare for both scenarios. ** not financial advice, just a noob learning and having fun, please send feedback and critiques/criticism, I love...
Scenarios for bullish and bearish movement with short-term minor and major targets for both, and levels shown ** Not financial advice, just a noob learning and would LOVE to hear feedback and critiques, criticism from more seasoned traders. **
HSi forming - BTC goes down, BTC goes up again :)
The history of Litecoin is always head and shoulders, will it ever rise again?
Possible short-term trend reversal with approx 19-20% profits by 4th of July weekend RSI and Stoch RSI is oversold and trend has already begun reversal. Always beware of BTC ** Not financial advice, just a noob learning, always open to feedback and criticism, thanks for checking this out! **
Immediate target - Long: ~10150 Medium term target - Short: - 7200s Long term target - Long: new all-time high coming after post-covid correction