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 on HBAR. Today we see a little bit of a sell-off in the crypto sector.

00:08Again, where did the HBAR start that? Exactly at the resistance level, right?

00:13So that's, it's, it's again, I can only highlight again that this 28 cent level there is a tough one to break above.

00:20It's the, it's, I explained it in previous videos a lot, you know, it's, it's an important Fibonacci extension level,

00:27but also it was previous structural resistance. So yeah, the market struggles to get above this level.

00:35The 33 cent or 33.3 cent level is next resistance. But first of all, we would need to break back above 28 cents.

00:44So we haven't done that yet and we see a pullback today.

00:47So I think the focus today and over the coming sessions is on whether the bulls can actually defend the relevant micro support levels

00:56that we talked about already, right? But we want to focus on them because HBAR has now finally entered the support zone.

01:06And the support zone, which I will share with you, is going to help us distinguish between bullish and bearish momentum.

01:14So let's take a look at the shorter timeframe.

01:17You see it here. It's currently finally, finally, some kind of a pullback that allows us to identify some structure.

01:23Now, in the white scenario, I mean, this is a full wave count, right?

01:29That tells you a lot about the risk. This is a full C wave to the upside.

01:32It's a full five wave move up. But we said that in the blue count, we might still see further upside.

01:39And that's preferred as long as we're holding above 20.6 cents.

01:43But naturally, the risk around a level like that is very, very high.

01:47But we talked about that.

01:48So the price reacted here to the resistance area, couldn't break above it, and we're now in this, back in the support.

01:57Well, we never entered the support zone until now, actually.

02:00So the decline looks a little bit like an internal third wave that could be wave three of C in the blue count.

02:06And we do have an A wave down, we have a B wave up, and then this C wave down is one, two, three, four, five.

02:15So that's how it should unfold if it's still in a bullish scenario.

02:19And we don't want it to break below 20.5 cents.

02:22Normally, a fourth wave would show some reaction to the 38.2 retracement.

02:27Maybe this is going to be the turnaround point.

02:29And also, we have previous swing lows in this area, around 22.5 cents, here from the 15th of July, 17th of July, and the 13th of July.

02:41So for now, it seems like this is a correction in an ABC structure.

02:46The C wave might need to extend a little lower.

02:49But, yeah, 20.5 cents is for me the pivot that helps us distinguish between bullish and bearish momentum.

02:57That's the update on H-bar.

02:59I hope you liked the update.

03:00If you did, please hit the like button, leave a comment, and subscribe.

03:04And if you really like the content, then please check out the channel membership.

03:08Also, make sure to follow us on X for additional updates.

03:13Yeah, here you can get additional updates, additional content.

03:16Check it out.

03:17I'll leave a link in the description and the comment section.

03:20Thanks so much.

03:20Bye-bye.

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

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