$HBAR Weekly Pivot Time...

In classic HBAR fashion what a powerful move this week! Moves like this leave me skeptical of continuation straight away as you often get a pretty decent pullback afterwards before the next leg up. However how many times have you seen a move like this that completely unwinds weeks later and goes lower?

Wave (3) looks truly underway after wave (2) tested the High Volume Node and 'Golden Pocket' 0.50.618 Fibonacci retracement as support on weekly bullish divergence from the RSI.

The weekly pivot is now resistance and it already proving itself. If price continues the all time high is next resistance and price has a weekly R5 pivot target of $1.2 while the Fibonacci extension targets have a minimum of $5.2..

Analysis is invalidated below $0.12

Safe trading