HBAR breakout of bullish falling wedge
HBAR/BTC
1D/12H
Its good to check both pairs when trading alts to see if there’s confluence in both pairs and the BTC pair looks as bullish as the USDT.
Price had been accumulating 7 months between March and September and broke out and corrected, formed a bullish falling wedge and has broke out taking liquidity before retested the daily demand zone collecting any remaining orders before starting an impulse move with higher volume.
MACD showing crossover with volume gaining on histogram on both timeframes. 12H just starting to cross over the centreline giving a bullish signal.
Fib projections on the chart, expected to head into the 1.272 and the 1.618
1D/12H
Its good to check both pairs when trading alts to see if there’s confluence in both pairs and the BTC pair looks as bullish as the USDT.
Price had been accumulating 7 months between March and September and broke out and corrected, formed a bullish falling wedge and has broke out taking liquidity before retested the daily demand zone collecting any remaining orders before starting an impulse move with higher volume.
MACD showing crossover with volume gaining on histogram on both timeframes. 12H just starting to cross over the centreline giving a bullish signal.
Fib projections on the chart, expected to head into the 1.272 and the 1.618