Shotokhan

HBAR next to broke a triangle

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Shotokhan Cập nhật   
BINANCE:HBARUSDT   Hedera Hashgraph / TetherUS
The two white lines you see are two strong R/S I identified in Q1 when I bought HBAR. After a great pump which finished on 15th of last september HBAR has just retraced and also re-entered that zone within the two white lines. To date it's been a month since it pumped and looking at the chart I see an asymmetrical triangle whose base is indeed one of those white R/S.

I have two bullish options but they're very similar. The yellow line inclined line is the daily trendline, the orange one is the 4h one. If the correct one is the 4h price it's already at resistance, otherwise it's approaching it. Squeeze momentum indicator shows the dumping, at least momentarily has finished so this makes me think HBAR might try to break out. VLPR shows there have been many transactions in current price area, if volume increases price might break out.

In case of breakout the target (by book's rules) is on chart.

If price goes below VLPR's control line there'll be either a retest of bottom or price will approach resistance in the next days.
Bình luận:
My call on HBAR was on point, volume seems enough to sustaining the pump and VLPR show there are a lot of transaction below current price (pic 1 and 2) , which is positive as well. At 4h (pic 1) you can see we're approaching an ichimoku cloud resistance. If you didn't enter at my first signal don't do it now, wait a bit. If you like my stuff please follow and share

1) 2)

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