HBARUSD - Weekly forecast, Technical Analysis & Trading Ideas

Midterm forecast:

• While the price is below the resistance 0.40089, beginning of downtrend is expected.
  
• We make sure when the support at 0.22979 breaks.
  
• If the resistance at 0.40089 is broken, the short-term forecast -beginning of downtrend- will be invalid.
  

Technical analysis:

• A peak is formed in daily chart at 0.40140 on 01/17/2025, so more losses to support(s) 0.29204, 0.26950, 0.24919 and minimum to Major Support (0.22979) is expected.
  

Take Profits:

1. 0.29204
   
2. 0.34000
   
3. 0.37397
   
4. 0.47800
   
5. 0.57563
   

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ForecastCity Support Team
*0.57563