HBAR Technical Analysis: Cryptocurrency Is At A Low Start

The situation in the HBAR market is developing predictably and without sharp price movements. In our previous analysis a month ago, we expected a gradual HBAR price fall to $0.2. For 4 weeks, sellers confidently implemented this scenario. During the trading week of 21 February, we see relatively increased trading volumes and a weekly candle with a small body. This fact indicates a struggle that sellers have largely lost. Please note that using higher trading volumes than during the weekly candle of 24 January, sellers were unable to update the local low. After the weekly closing of candles on 21 February, the initiative of sellers disappeared. https://www.tradingview.com/x/pGLZBd0X/ The $0.2 test without increasing trading volumes and volatility increases the chances of our main scenario – the formation of a new growth wave. The first growth target is $0.33, the final one is $0.45. To begin implementing this scenario, the HBAR price must first go beyond the wedge in which it will be traded from November 2021. If buyers can break through and keep the local mark of $0.2365, this will signal the beginning of a new growth wave in the HBAR market. An alternative cryptocurrency scenario for HBAR will take effect if buyers do not keep the $0.18 mark and are unable to keep above $0.2 when attempting a counterattack. In this case, we expect the price to fall to $0.13. However, this scenario is not relevant yet. Technical Analysis Of HB...