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HBAR BREAKOUT APPEARS IMMINENT!

A major breakout appears to be imminent for HBAR! If you’ve seen the most recent HBAR chart I posted, you'll notice that HBAR is now at the very bottom of the handle in a 31-month Cup & Handle formation on the weekly and daily charts. Additionally, HBAR has formed and broken out of a very promising inverted head and shoulders pattern on the 1-hour, 2-hour, 3-hour, and 4-hour charts, and is currently retesting the neckline as I write this article. It is also near the bottom of the wedge pattern and very close to the previously established low range on the chart.

I believe we are about to see a significant breakout in the next few days, which could lead to a period of notable price appreciation in the short term. With the Cup & Handle pattern I’ve identified, this trend could continue over the next year as well.

Good luck, and always use a stop loss!

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HBAR price has been dropping today with the overall market. If the price falls below the bottom of the Elliot Wave 2, then we can expect to see the price come down to around the .702 fib/ret level. If it pushes below the .786 then it's likely to retest the pattern low of .4578. There's always a chance that the market makers are grabbing liquidity previous to tomorrows open which would pull price to the area it's at now, rebounding, and breaking out of the larger wedge pattern in order to gain needed momentum for a breakout. We shall find out.