Crypto-Follow logo Crypto-Follow logo
Cryptoknowmics 2022-04-05 11:00:35

HBAR Technical Analysis: The First Steps Towards Changing The Trend Have Been Made

During the last three trading weeks on the HBAR market, buyers were able to locally change the situation and show their teeth. However, so far these teeth are just erupting and do not pose a significant danger. But, the process has begun and it is important. The HBAR price was able to break the consolidation wedge up and test the $0.268 mark. This mark will create a problem for buyers for the second time on the way to the formation of a new growth trend. After the closing of the trading week on 28 March, buyers surrendered locally with a pin-up and with increased volumes. https://www.tradingview.com/x/xp6oTySa/ The week of trading on 4 April began with lower prices and testing buyers for strength. In the case of the capitulation of buyers near the mark of $0.268, their main target will be to keep $0.195. In the case of a re-test of this range, investors will have a great chance to buy HBAR at around $0.195 with low risks. An important point the $0.195 test should pass without updating the local low and without aggressive candles on smaller timeframes. In this case, we will expect the formation of a new wave of HBAR growth with the first target of $0.34. The potential final target of this wave of growth is $0.45. Technical Analysis Of HBAR On The Daily Timeframe https://www.tradingview.com/x/CC3gBmVP/ Analyzing the movement of the HBAR price on the daily timeframe, we can see the expansion of the consolidation range. On 29 Marc...

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer