The Liquidity Lever: How #HBARUSDT Could Utilize Buying Area

10 Ağu 2023

💎 Let's take a closer look at #HBARUSDT, which has been on a steady climb within a wedge pattern over the last two months. In early August, the price found support at the significant psychological level of $0.05. This level coincides with the mid-term demand zone and also aligns with the 200 Simple Moving Average, reinforcing $0.05 as a crucial area to monitor.

💎 After bouncing off this support zone, #HederaHashgraph ascended, only to be halted at the wedge's upper boundary, effectively bouncing off the resistance trendline. This could suggest two potential bullish scenarios: a more substantial correction downward, possibly to the wedge's bottom, or a brief break below the uptrend trendline to gather fresh buying liquidity before continuing upward.

💎 At the same time, a break above the wedge could lead to a rapid rise towards the $0.076 double Fibonacci resistance, and we must be prepared for both of these bullish possibilities.

💎 The less likely scenario is a trend reversal to the downside, which would only occur if #HBARUSDT breaks below demand zone, 200SMA and the $0.045 support. Such a move would undoubtedly tip the scales in favor of the bears. Stay tuned, Ladies and Gentlemen of ParadiseClub, as we continue to navigate the dynamic world of crypto!

15 Ağu 2023

İşlem kapandı: hedefe ulaştı

💎 Just days after our #HBARUSDT prediction was shared, the price hit our double Fibonacci resistance target, delivering a 37% profit. The pinpoint bounce off the $0.076 resistance level underscores its significance in upcoming price movements.

💎 If the price remains below this resistance, we might witness prolonged consolidation or a notable pullback. Conversely, a firm break above the $0.076 resistance could see it morph into a demand zone.

💎 In such a scenario, the uptrend is likely to persist with high certainty. Paradisers, rest assured, our MCP team will keep you updated on any crucial price shifts concerning #HBAR. Stay informed and keep thriving in the dynamic world of crypto!