Reasons why I’m bullish on HBAR
In this weekly chart, HBAR already bounced up from around 80% FIBONACCI level (0.22 zone) & now holding support at 61.8% around 0.272 which also coincides with the weekly ma50.
Money flow index inside mkt cipher B has stayed mostly green since Mar 2021 when it broke above 0.153 starting a big bull run to 0.46. From there HBAR made a complex triangle wave 4 but has already broken out of it 6 weeks ago. So there is a big chance wave 5 has already started if ma50 or the 0.22 support holds.
Stoich RSI has also turned up.
Pls trade with caution & dont follow a beginner like me blindly.
Money flow index inside mkt cipher B has stayed mostly green since Mar 2021 when it broke above 0.153 starting a big bull run to 0.46. From there HBAR made a complex triangle wave 4 but has already broken out of it 6 weeks ago. So there is a big chance wave 5 has already started if ma50 or the 0.22 support holds.
Stoich RSI has also turned up.
Pls trade with caution & dont follow a beginner like me blindly.
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