Description:
This analysis focuses on the HBAR/USDT weekly chart, highlighting a long-term bullish scenario supported by a breakout of a parallel channel and strong upward momentum.
Key Observations:
1. Parallel Channel Breakout:
• The chart shows HBAR trading within a parallel channel for an extended period, with resistance and support lines defining its price...
Description:
This idea analyzes the HBAR/USDT price action using Fibonacci retracement and extension levels to identify key areas for a potential correction and subsequent bullish rally.
Key Observations:
1. Fibonacci Retracement Levels:
• The retracement is drawn from the recent low at 0.0476 to the high at 0.3841, revealing key levels:
• 0.236 (0.1233):...
