HBAR / USD - **Update** Bullish Cup and Handle
See comments on chart, see related ideas linked below. Thoughts, comments, feedback, criticisms, critiques - all welcome. Thanks for your support!
Beware BTC and BTC Dominance, we are at a critical level.
Beware BTC and BTC Dominance, we are at a critical level.
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Successful re-test during the BTC madness:
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Targeting a re-test of 5.6-6.0 cents:
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Another successful re-test of 5.2 cents (old resistance) as our newly flipped Support area:
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30 min chart @ 8:20am CST 8-16-2020, break above bull flag & re-test of flag and 5.2
area:
area:
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Alternate 30 min channel to above - line chart:
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Still having a successful re-test here despite BTC movement, keep an eye on this closely as BTC moves, we don't want to break down and if we do, it needs to be short-lived:
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Successful re-test again, back at top of triangle:
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Break out in progress:
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We broke 6 cents briefly, now testing resistance @ 5.8 and old 5.6 resistance to see if it can become new support, in theory we should fly here, but see my other chart about a potential double top on the BTC pair (you can basically draw the same channel on the USD pair, but it's an upward channel):
Alternate idea - BTC Pair Bearish double-top:
Alternate idea - BTC Pair Bearish double-top:
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Tested weekly resistance again successfully, unless we have a clear, prolonged drop below weekly resistance @ 5.1-5.2, I'm holding and not following my double top idea above:
