HBAR Technical Analysis: Sellers Have To Rest

Slowly, passively, but confidently, sellers forced HBAR price to creep to the bottom of the global growth channel trend. In this channel, the HBAR price has been moving since December 2019 and has never left its borders. Therefore, the importance of the current test of the lower trend line is as great as possible. Sellers managed to update the local low from 21 June. However, this did not cause the wave to continue to fall. On the contrary, the update at least on low volumes indicates a lack of strength of sellers and lack of panic among investors. If buyers are able to keep the mark of $0.14 for the next few weeks, we will expect at least a local growth wave to reach the mark of $0.27. https://www.tradingview.com/x/YmhsVuAB/ Why aren’t we positive enough and don’t publish more optimistic targets? The fact is that it is necessary to see the struggle and fire in the eyes of buyers. And at the moment, buyers are covered with a warm blanket and do not want to leave the comfort zone. If the situation in the HBAR market changes and we see an increase in trading volumes and active solid candles on smaller timeframes – in this case, we can expect continued growth to $0.46. But, dreams are dreams, and we must live in reality. Technical Analysis Of HBAR On The Daily Timeframe https://www.tradingview.com/x/mj6vOAsq/ Analyzing the movement of HBAR price on the daily timeframe, we can state the fact that the price has stopped. Curtain. Th...