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Hedera Hashgraph / TetherUS
Long

HBAR’s ABC Setup — Short-Term Pain, Long-Term Gain?

844
HBAR has been consolidating sideways for the past 30 days, with $0.27 acting as a clear resistance — aligning with the golden pocket (GP). Price failed to sustain above the yearly open (yOpen) at $0.26901, despite multiple attempts. Each breakout attempt lacked follow-through → weakness.

Structurally, HBAR appears to be in a corrective phase after completing five Elliott waves, and is now potentially forming an ABC corrective pattern. Price has also lost the monthly open (mOpen) at $0.25099, which should now act as resistance.

🔴 Short Opportunity
  • Previous ideal entry: $0.27463 (Golden Pocket) — offered an R:R of ~1:7
  • Next short zone: Between mOpen ($0.25099) and yOpen ($0.26901)
  • Target: Around $0.21/$0.2 as take-profit (TP)

🟢 Long Opportunity Zone

➡️ Primary zone: $0.21 – $0.19675

🧩 Confluence factors:
  • FVG (Fair Value Gap) / imbalance fill
  • SSL (Support/Stop-Loss liquidity) positioned in the zone
  • Weekly level: $0.20685
  • 0.55 Fib retracement: $0.20657 (aligned with the weekly level)
  • 0.75 Fib speed resistance fan: Supports this zone if price reaches it between 19 – 25 Aug
  • 1.0 trend-based Fib extension: $0.19675 (projected Wave C target of ABC)
  • Pitchfork lower support line intersecting with the zone
  • nPOC & key level: $0.2

With all these aligning, this is the most favourable long setup.

Long Trade Setup Example
  • Entry: $0.21– $0.19675
  • Stop Loss: Below $0.19
  • TP1: ~$0.223
  • Final target: $0.3+ (swing trade potential)
  • R:R: 1:6+

🔍 Indicators used:
  • DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points

➡️ Available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades.

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💬 If you found this helpful, drop a like and comment!
Uwaga
HBAR Update — Descending Triangle Pattern
snapshot
HBAR has been trading within a descending triangle pattern, with significant liquidity building at the lows.

The trading plan remains unchanged: watching for a breakdown toward the $0.22–$0.20 zone, which aligns as the next high-probability long opportunity.

The 0.5 Fib retracement of the entire move sits at $0.21562, aligning well with the anchored VWAP support line, making this zone an ideal entry area for longs.
Uwaga
HBAR Update
snapshot
HBAR has been trading as anticipated, dropping toward the 0.5 Fib retracement and entering the $0.22–$0.20 buying zone.

Confluence builds in this region with:

→ 21 EMA/SMA (weekly): $0.216–$0.205
→ 200 EMA/SMA (daily): $0.2067–$0.20

This cluster of support makes the $0.22–$0.20 zone a strong area for long positioning.

Now it’s about seeing whether the bulls can show up and defend this level for a reversal setup.
SiDec
🏆 Mastering Fibonacci for precision trading

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⚡ Unlock the power of technical analysis!
confluencetradingdriftlineElliott WaveFibonaccihbarhederahashgraphlongsetupprecisiontradingshortsetupSupport and Resistanceswingtrading

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confluencetradingdriftlineElliott WaveFibonaccihbarhederahashgraphlongsetupprecisiontradingshortsetupSupport and Resistanceswingtrading
SiDec
🏆 Mastering Fibonacci for precision trading

🔹 Sharing high-probability trade setups

⚡ Unlock the power of technical analysis!

Powiązane publikacje

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.