$HBAR

image
USUAL
Created with Highcharts 9.1.1
0,19758
+13.74%

image
USUAL
Created with Highcharts 9.1.1
0,19747
+13.86%

Technical Overview:

The HBAR/USD pair is exhibiting a confluence of bullish technical signals, suggesting a potential upward trend reversal.

6-Hour Chart: The pair is currently forming a bullish flag pattern. This pattern typically follows a strong upward move (the "flagpole") and then consolidates within a narrow range (the "flag"). A breakout above the upper trendline of the flag would signal a resumption of the upward trend.  

Smaller Timeframes: On smaller timeframes, the emergence of a double bottom pattern further strengthens the bullish outlook. The double bottom pattern forms when the price dips twice to a similar low and then bounces back, indicating increasing buying pressure at lower price levels.  

Combined Interpretation:

The combination of a bull flag on the 6-hour chart and a double bottom on smaller timeframes presents a compelling bullish scenario for HBAR/USD. This suggests that the price may be poised for a significant upward move.