Challenger n°3 : $HBAR 🌐

Project: @hedera

Following the previous analyses (23 Aug) I was totally right. -30% ✅🔥

For the long term:

📌In my opnion the bear phase is not over, and we should see a retest of the 0.410 - 0.400$ support

Mid term & short term:

📌Local bottom forming, with an oversell zone on the daily.

H4 view is neutral but is showing good buy signal an potential breakout.

🚀It's also possible to see a retest of the precedent trend . The retest is corresponding exactly to the 50% fib daily! (flat kijun) (see the charts)

For this bullish scenario, we must see a daily close above 0.04810$

A rejection and a new low is also possible...

🧙🏻My point of view:

Retest of the 0.050 - 0.05100$ zone, then dump toward the 0.04100$ support.

Find the key resistances / supports in RED into my daily chart.

I will not risk a long position as long as we don't see a daily close above 0.510 🚨

#hbar #crypto2023 #dyor #bitcoin #Binance