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In this analysis, I want to review the HBAR coin,one of the RWA (Real-World Asset) coins, with a market cap of $7.22 billion, currently ranked 19th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, this coin is sitting on a very important support level. Unlike most altcoins that have lost their support levels, HBAR has managed to stay above its support zone.
🔔 A double top pattern formed below the 0.20789 level, and after the trigger activated at 0.19028, it made a downward move until it reached its support level and hit the pattern's target.
💥 Currently, after the price reached this zone, the market has reacted to it, showing a small bullish correction with low volume.
✨ The price has corrected to 0.17532. If the price gets rejected from this zone, we can consider entering a short position if the support breaks.
✅ If the price stabilizes above 0.17532, it may undergo deeper corrections up to 0.19028.
📊 For a long position, the 0.17532 break is not a very strong trigger because the market's momentum is still bearish. I believe the main long trigger is breaking 0.20789. We can take earlier triggers if a new structure forms.
💡 The main confirmation for a bullish trend will come with a break of 0.23093. For a short position, as mentioned, our trigger is the break of the support zone.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the HBAR coin,one of the RWA (Real-World Asset) coins, with a market cap of $7.22 billion, currently ranked 19th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, this coin is sitting on a very important support level. Unlike most altcoins that have lost their support levels, HBAR has managed to stay above its support zone.
🔔 A double top pattern formed below the 0.20789 level, and after the trigger activated at 0.19028, it made a downward move until it reached its support level and hit the pattern's target.
💥 Currently, after the price reached this zone, the market has reacted to it, showing a small bullish correction with low volume.
✨ The price has corrected to 0.17532. If the price gets rejected from this zone, we can consider entering a short position if the support breaks.
✅ If the price stabilizes above 0.17532, it may undergo deeper corrections up to 0.19028.
📊 For a long position, the 0.17532 break is not a very strong trigger because the market's momentum is still bearish. I believe the main long trigger is breaking 0.20789. We can take earlier triggers if a new structure forms.
💡 The main confirmation for a bullish trend will come with a break of 0.23093. For a short position, as mentioned, our trigger is the break of the support zone.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.