Is Hedera Hashgraph following the same cycles of HarmonyONE ?
Hedera Hashgraph's chart seems to follow exactly the same trend as Harmony ONE.
The chart shows us an increase of around 1700% during a first bull run. This time followed by a retracement in the area just below 0.61 Fibonacci forming a symmetrical triangle.
This has led to a new breakout and a 230% increase the chart at this time appears to be following the previous pattern within a new symmetrical triangle as in the case of Harmony.
If it continues on this trajectory we could find ourselves facing a new bull run around March / April 2022.
If, on the other hand, the pattern breaks, then also in this case we can talk about a temporary bear market.
Note: The symmetrical triangle in both the former and the latter demonstrated a small upside breakout during the retracement, indicating strong bullish pressure.
The chart shows us an increase of around 1700% during a first bull run. This time followed by a retracement in the area just below 0.61 Fibonacci forming a symmetrical triangle.
This has led to a new breakout and a 230% increase the chart at this time appears to be following the previous pattern within a new symmetrical triangle as in the case of Harmony.
If it continues on this trajectory we could find ourselves facing a new bull run around March / April 2022.
If, on the other hand, the pattern breaks, then also in this case we can talk about a temporary bear market.
Note: The symmetrical triangle in both the former and the latter demonstrated a small upside breakout during the retracement, indicating strong bullish pressure.
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