HBAR Short-term Base: HBAR is currently consolidating, indicating a potential upward movement.
Breakout Confirmation: We've seen a breakout and successful retest of the descending trend line from Aug 15, marked at 0.075.
Fisher Indicator: The Fisher indicator crossing the zero line is a positive sign.
RSI Strength: The RSI has held its ground, undergoing a retest and showing signs of gaining strength.
Fibonacci Analysis:
Possible Bounce Levels: We could see a Fibonacci bounce up to the 0.236 level, followed by a potential rejection, and a further upward move to around 0.382, which would be approximately at 0.058~0.059.
Challenge at 0.236 Fib: It's important to note that the 0.236 Fibonacci level presents a significant challenge, coinciding with the bear market support band.
Ichimoku Cloud: This positive scenario aligns with an edge-to-edge Ichimoku cloud move.
Key Consideration:
Volume Indicator: Keep a close eye on the volume. A sudden spike in volume could be a critical factor determining the outcome.
Please compare this chart with our next post on the 2-day chart.
PIK - Patience Is Key Analyst Team - EXMO Study[/I]
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