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Sunday, July 25, 2021

HBAR Update- Bullish Falling Wedge? Time to buy soon?

HBAR Update- Bullish Falling Wedge? Time to buy soon?

You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News are manipulated by the elites, and they take advantage of our emotions. Stop listening the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling

Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months! NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!

FACTS:

1. HBAR IS CREATING A FALLING WEDGE PATTERN WHICH IS A "BULLISH" CONTINUATION PATTERN BOUNCING BETWEEN TWO DOWNWARD SLOPING, CONVERGING TRENDLINE!

2. RSI IS HIGHLY OVERSOLD ON THE WEEKLY! LAST TIME WE BOUNCE OFF THIS RSI TRENDLINE, HBAR DID A 16X MOVE WIHIN 3 MONTHS!! WE JUST BOUNCE OFF IT AGAIN 2 WEEKS AGO! WILL WE HAVE THE SAME MOVE AS THE LAST 16X MOVE?!

3. STOCHASTIC RSI CROSSED BULLISH BUT ARE AWAITING THE 20 LEVEL (GREEN LINE) TO BE CROSSED FOR BULLISH CONFIRMATION ON THE WEEKLY!

4. NEEDS A BREAKOUT FROM THE FALLING WEDGE FOR MORE CONFIRMATION!

BUY TARGETS:
$0.12 - 0.16 (BETWEEN RED BOX BOTH CORRESPONDING TO FIB TARGETS)

SELL TARGETS (UNLESS YOU ARE IN IT FOR THE LONG RUN, HODL TILL WE HIT $4+!!)
TARGET 1: $1.31 (CORRESPONDS TO THE 3.618 FIB)
TARGET 2: $1.51 (CORRESPONDS TO THE 4.236 FIB)

Good Luck!


"If you can't beat the fear, do it scared!"

"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.

"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet

"Show me the charts, and I'll tell you the news." - Bernard Baruch



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