Hedera Hashgraph (HBAR) Looking to Reach Highest Ever Weekly Close

2021-11-12 19:38

Hedera Hashgraph (HBAR) is in the process of making a short-term breakout attempt above both a horizontal and diagonal level.

The weekly chart shows that HBAR has reclaimed the $0.365 area after firstly deviating below it (red circle). This is a bullish development that often leads to upward movements. 

Furthermore, if the current price holds until the end of the week, it would be the highest ever weekly close. It remains to be seen if the price will hold the current level.

Chart By TradingView Potential breakout

HBAR has been moving upwards since Sept 21. The upward movement has been contained inside an ascending parallel channel. Usually, such channels contain corrective movements. This would mean that the trend is downward, and the upward movement is only a correction. 

However, HBAR is in the upper portion of the channel and is currently making its fourth breakout attempt. While the previous three (red icons) were unsuccessful, resistance lines get weaker each time they are touched. Therefore, it is possible that HBAR will break out on this try. 

In addition to this, the token is in the process of moving above the $0.43 horizontal resistance area. If it is successful in doing so, it would also be expected to break out above the channel.

Technical indicators are relatively bullish. The MACD, which is created by a short- and a long-term moving average (MA), is moving upwards and is positive. This means that the short-term trend is faster than the long-term one. 

The RSI, which is a momentum indicator, is above 50. This is a sign of bullish momentum. 

Therefore, technical indicators suggest that a breakout is likely.

Chart By TradingView

Cryptocurrency trader @CrediblyCrypto outlined an HBAR chart, stating that the token is making yet another attempt at moving above the $0.43 horizontal resistance area. He believes that it will be successful in breaking out. This is in agreement with the readings from the daily time-frame.

Source: Twitter HBAR wave count

The wave count shows that HBAR is in the fifth wave (orange) of a long-term upward movement that began in 2020. This is the final wave prior to a long-term correction. 

Furthermore, the token has already reached a high inside a target given by the 1.61 external Fib retracement level (black) and 1:1 Fib projection of waves 1-3 (orange).

So, despite the possibility of a breakout in the short-term, the long-term chart shows that the upside for HBAR is limited, since the first potential target for the top has already been reached.

Chart By TradingView

For BeInCrypto’s previous Bitcoin (BTC) analysis, click here.

What do you think about this subject? Write to us and tell us!

The post Hedera Hashgraph (HBAR) Looking to Reach Highest Ever Weekly Close appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Hedera Hashgraph (HBAR) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.0591939
Капитализация $0 Rank 99999
Цена в час новости $ 0.4586 (-100%)

hbar hedera weekly close highest ever hashgraph

hbar hedera → Результатов: 57


Цена токена Hedera поднялась на 96% из-за путаницы

За последние сутки цена токена Hedera (HBAR) выросла на 60,2%, а в моменте поднималась на 96%. Причиной для ралли стали неверно истолкованные заявления HBAR Foundation. Некоммерческая организация, стоящая за разработкой блокчейна Hedera, ввела инвесторов в заблуждение и запампила HBAR.

2024-4-24 13:44


Hedera’s (HBAR) Bullish Trajectory: Experts Highlight These Key Price Levels But There’s a Catch

The cryptocurrency Hbar, the native token of the Hedera Hashgraph network, is exhibiting signs of bullish momentum according to technical analysis from crypto analysts. Analyst Egrag pointed out on X that his prediction of a pullback for Hbar on March 14th was accurate, demonstrating his ability to identify patterns and potential price movements.

2024-3-19 21:30


Консорциум Centre запустил стейблкоин USDC на блокчейне Hedera Hashgraph

Стоящий за USD Coin (USDC) консорциум Centre запустил стейблкоин на блокчейне Hedera Hashgraph. Об этом сообщила занимающаяся развитием сети некоммерческая организация HBAR Foundation. “With the $USDC launch on the @hedera network, the HBAR Foundation is taking an important step toward fulfilling its mission to ease the development and launch of #DeFi applications on the network.

2021-10-18 17:06


Hex Trust to provide custody for native crypto-asset and protocols of Hedera

Hex Trust, an Asia-based crypto-asset custodian, today announced its partnership with Hedera Hashgraph, the enterprise-grade public ledger. Specifically, Hex Trust has integrated the Hedera network and the Hedera Token Service (HTS) standard into Hex Safe, its bank-grade custody platform, enabling support for HBAR, the Hedera network’s native cryptocurrency, and all HTS issuances on the protocol.

2021-10-12 06:56


Фото:

Проект Hedera Hashgraph выделит $3,85 млрд на развитие экосистемы

Управляющий совет Hedera Hashgraph утвердил план по выделению 10,7 млрд токенов HBAR (~$3,85 млрд) на стимулирование проектов по развитию экосистемы сети. Согласно пресс-релизу, средства представляют собой более 20% от общего предложения монеты.

2021-9-20 13:39


Hedera Hashgraph’s HBAR Nearly Triples in Value Following the Real World Usage of Blockchain

The National Health Services (NHS) facilities in England use blockchain technology to keep tabs on the supply and storage of temperature-sensitive COVID-19 vaccines. The system will “allow us to demonstrate our commitment to providing safe patient care,” said Steve Clarke, electro-biomedical engineering manager at South Warwickshire NHS, in a statement.

2021-1-21 16:59


AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera

Hedera Hashgraph, the enterprise-grade distributed ledger, and TRM, the cryptocurrency compliance and risk management platform, today announced that TRM has successfully integrated with the Hedera public ledger, and customers can leverage the integration to comply with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulatory requirements HBAR, Hedera’s native cryptocurrency, is now supported across all TRM […] CryptoNinjas » AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera

2020-12-24 20:31