Red: Negative
Green: Positive
We are seeing lower highs and the same lows at regions around 370 this indicates a very bad singal for HBAR/BTC, but we are also seeing a very strong support at this region which we can trace back to Oct 2019.
my personal opinion is, we will see a drop below the support region durring the next days or weeks, the next support will be around 300 and next around 240. but after we reach that we might push it back above 370 or we consolidate for few weeks or months like we did in BTC then we get ready for the next highs.
Note: if it breaks down, its a good oportunity to buy more, if we can break above 500, i will be completely bullish. No financial advise! :P
Green: Positive
We are seeing lower highs and the same lows at regions around 370 this indicates a very bad singal for HBAR/BTC, but we are also seeing a very strong support at this region which we can trace back to Oct 2019.
my personal opinion is, we will see a drop below the support region durring the next days or weeks, the next support will be around 300 and next around 240. but after we reach that we might push it back above 370 or we consolidate for few weeks or months like we did in BTC then we get ready for the next highs.
Note: if it breaks down, its a good oportunity to buy more, if we can break above 500, i will be completely bullish. No financial advise! :P