HBAR What next?
Hello, I am updating my idea on HBAR. As for the fundamentals, HBAR is on my top 3 projects. Something that is very revolutionary and interesting, in which I have entered very early. As for now, the market looks very volatile and BTC trend seems uncertain. I will publish some scenarios that I think that would play out in HBAR. This is not financial advice, it is just my study.
FIRST SCENARIO-If the market becomes normal, we could see in a short time HBAR jumping to the 0.38$ as the TP1. I expect probably a rejection there to go back at the 0.325 area, and if that happens we could see a very bullish pattern as inverse head and shoulder pattern, shown in the graphic. Also the indicators show that kind of move is quite possible.
SECOND SCENARIO- The second scenario may be that there is a possibility that it breaks the 0.38$ area and makes a move above 0.41$ and higher. It is a possible scenario but not very usual as a scenario in this case. Still you can book some profit there and hold more for the future.
THIRD SCENARIO- Market continues bear, and HBAR does not break above the resistance area, and after rejection the support does not hold. We could see a pullback to 0.28$, which is a very good area of support but in the worst case, another big support is in the 0.23$. Low possibility scenario, as HBAR is a very strong project, but it could happen.
BLUE lines - Resistance areas
Purple and pink lines - support areas.
White arrows - possible bull scenario.
This is my idea in general, the stop loss is in the area there. If you want to be a long term holder in HBAR, it is good to buy anytime, as it is one of the best projects. In short, the scenarios are mentioned.
Good luck to you all. If you any other opinion, you are free to comment. :)
FIRST SCENARIO-If the market becomes normal, we could see in a short time HBAR jumping to the 0.38$ as the TP1. I expect probably a rejection there to go back at the 0.325 area, and if that happens we could see a very bullish pattern as inverse head and shoulder pattern, shown in the graphic. Also the indicators show that kind of move is quite possible.
SECOND SCENARIO- The second scenario may be that there is a possibility that it breaks the 0.38$ area and makes a move above 0.41$ and higher. It is a possible scenario but not very usual as a scenario in this case. Still you can book some profit there and hold more for the future.
THIRD SCENARIO- Market continues bear, and HBAR does not break above the resistance area, and after rejection the support does not hold. We could see a pullback to 0.28$, which is a very good area of support but in the worst case, another big support is in the 0.23$. Low possibility scenario, as HBAR is a very strong project, but it could happen.
BLUE lines - Resistance areas
Purple and pink lines - support areas.
White arrows - possible bull scenario.
This is my idea in general, the stop loss is in the area there. If you want to be a long term holder in HBAR, it is good to buy anytime, as it is one of the best projects. In short, the scenarios are mentioned.
Good luck to you all. If you any other opinion, you are free to comment. :)
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