Market & Ticker: Hedera Hashgraph – HBAR/USDT
Date: 08/08/2023
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
HBAR recently confirmed a pre-signal from the technical elements calling for further bullish momentum gain. At current price the potential of HBAR token stands at 0,1110 and 0,1470 maximum. On the near to mid-term basis 0,0460 is acting as robust support to add in dip in the 0,06/0,0520 right above the moving averages to anticipate a larger rise towards 0,0820 before 0,1110
Technical Key Elements:
- Auto similar move potential shows target at 0,1110
- RSI indicator already confirmed the bullish momentum and keeps potential to the upside
- The Moving average are support
- Fibonacci key support is adjusted at 0,0460 while the Elliot wave shows upside potential towards 0,0820 and 0,1110
Trade Idea conclusion: Buy - Conviction:
 | | Medium |
Target 2: 0,1110
Target 1: 0,0820
Buy: add in dip area 0,06/0,0520
Stop: 0,0460 (Daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
