HBARUSDT
Hello everyone 😃
HBAR had a retest on descending channel's bottom. ( It seems that HBAR had a pullback from it's major support line )
Also there was a support line which is formed from last bounces below current level.
We expect a retest on channel's top;
But there will be some barriers to break !
There are 2 resistance zone, One of them is above of current level.
And other is at channel's top; If HBAR tries to break resistance and take hold above it,
Then it will probably go for higher ATH.
📌 Have to mention that MACD is being bullish and it will confirms the continuation of upward movement.
By the way if channel's top reject HBAR to break; Then we would see a bull flag formation in higher timeframes...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Hello everyone 😃
HBAR had a retest on descending channel's bottom. ( It seems that HBAR had a pullback from it's major support line )
Also there was a support line which is formed from last bounces below current level.
We expect a retest on channel's top;
But there will be some barriers to break !
There are 2 resistance zone, One of them is above of current level.
And other is at channel's top; If HBAR tries to break resistance and take hold above it,
Then it will probably go for higher ATH.
📌 Have to mention that MACD is being bullish and it will confirms the continuation of upward movement.
By the way if channel's top reject HBAR to break; Then we would see a bull flag formation in higher timeframes...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
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TELEGRAM :
t.me/Helical_Trades
Instagram ( Persian - فارسی ) :
www.instagram.com/helical_trades/