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)