Hedera Hashgraph (HBAR) technical analysis:
Trade setup: Breakout from a Rising Wedge pattern and in an Uptrend. Notably higher volumes on up days recently, which is also positive. Upside to $0.08 resistance or even $0.10.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.050 (previous resistance), then $0.035. The nearest Resistance Zone is $0.060, which it broke, then $0.080 and $0.100.
Trade setup: Breakout from a Rising Wedge pattern and in an Uptrend. Notably higher volumes on up days recently, which is also positive. Upside to $0.08 resistance or even $0.10.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $0.050 (previous resistance), then $0.035. The nearest Resistance Zone is $0.060, which it broke, then $0.080 and $0.100.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.