HBAR Hedera Hashgraph Crypto Price News Today - Price Prediction and Technical Analysis! - video Dailymotion

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00:00hello and welcome to another update video um about hbar and yeah today we are here on the daily

00:09time frame for hbar and i want to also take a look at the nano structures in a minute but for

00:14now i mean pressure is up you can see that we're grinding higher and i'm watching for a five wave

00:19move to the upside i need to say that um it is entirely possible that we're only forming a three

00:25wave move up because this entire move up hold on this entire move up uh from the

00:31yeah the entire move up from the june low right 2023 is potentially just a diagonal structure it's

00:40a bit difficult to read um this entire messy structure to the upside so it might be that we

00:46don't see one two three four five but it's just doing an a b c okay um but again uh the the purpose

00:56of the roadmap here is simply to allow us to track support so i know which support we need to use for

01:01four so as long as that is holding the focus can be on higher prices and we haven't even broken above

01:06the december high that would be the expectation however in the blue scenario which for now remains

01:11the preferred interpretation which means another high the risk remains here that this is just a

01:15b wave rally as part of a larger wave four in the white scenario but in the blue scenario that

01:20wave four already bottomed in april and that's the expectation that we get directly higher prices

01:25from that swing low in april and that we could grind higher yeah towards 49 to 66 cents in a direct

01:34fashion that's the preferred interpretation the risk is it's just a b wave preferred is blue count

01:40but as soon as support levels break we can track the um return to the support area yeah but for now

01:49there's no sign of a top in place rather we're holding on pretty high level most recently the price broke

01:55out above the previous swing high from may yeah and started to consolidate above that level

02:01so that's quite positive yeah that's quite positive because that that is a sign of strength

02:08but my very first target in this rally and then both wave counts yeah in both scenarios we wanted

02:16to see a rally higher more directly we wanted to see a higher a rally from down there from the support

02:24area between 9.8 cents and 12.8 cents we wanted to see that rally towards resistance and i mean that

02:31happened but now these two scenarios will start to move away from each other that's the main problem here

02:38um until now it was easy so the easy part of that rally is likely done that's very important to understand

02:45the easy part of that rally is done the scaling in into support that was the easy thing to do now we've rallied

02:53substantially the price more than doubled even nearly tripled and um not quite okay hasn't tripled but doubled

03:00from down there and now we are at a point where at any point yeah at any time this uh white b wave can form a top

03:08but that's why we're tracking clearly support levels on the smaller time frame told you what my

03:12expectations are and we're watching for higher prices until something breaks so let's go to the

03:18smaller time frame for h bar and you'll see here how it could look like for that b wave to form a price

03:24top it's entirely possible to consider the move to the upside technically complete as a b wave it is a

03:31valid five wave move up if wave b consists of an abc structure and the c wave is an ending diagonal

03:37however i want to keep the door open for direct extensions to higher prices and the 20.6 cent level

03:44is the nearest support area that we can basically track here that keeps the uptrend intact in other words

03:51to confirm further that this white b wave has formed the top we would need a break below the 20.6 cent level

03:59that 50 fibonacci retracement level but for now the pressure is up and um we are currently testing

04:08a first fibonacci resistance area which is like a pivot so as long as we are um holding above the

04:15last swing low here especially here 26 cents 26.1 cents the market is in a local uptrend

04:20and we could indeed be in a b wave which means there is a case or a broader way for is not needed

04:27yeah if we start to break above resistance we'll take the direct route so again i'm focusing on

04:32higher prices um the nearest resistance area is this one we're currently testing it yeah as soon

04:39as we get a break above 29.3 cents it indicates that the price has started to break above resistance

04:45and then the focus can shift to the next fibonacci level or area which is down up there in blue

04:52around 40 cents yeah this is the next upside fibonacci area that we are tracking and this

04:57could be tested next whether it's a very direct path or after a bit of a pullback rather the pullbacks

05:03would be a bit of an opportunity um but i wouldn't rely on them necessarily um on these pullbacks in a

05:10structure uh that we're dealing with right now which is overall still quite a bullish environment

05:15with um the bitcoin dominance chart dropping that's the update on hbar thanks so much bye bye

HBAR Hedera Hashgraph Crypto Price News Today - Price Prediction and Technical Analysis!

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