HBAR Chart Analysis by Request | Read The Bottom Part...

4 jul 2021

The HBARBTC chart looks like AAVEBTC in that it is now multiple levels up... But this one has some bearish signals short-term while AAVE is already looking back up.

We have a mixed scenario with mixed signals.

We are on a bullish trend in a bullish cycle.

We are in a correction within this bullish cycle.

An attempt to move up has been rejected and prices trading below EMA50/10.

Maybe prices will move to MA200 at 0.00000427 before this pair can resume its uptrend.

But before that we have the purple trendlines.

While within this channel short-term bullishness is possible.

If it breaks, we are likely to test the lower support level mentioned above.

I am reading the charts as requested on my BTCUSD posts...

If you see the ones I pick myself, from 28-June to 2-July... They are all moving up.

Namaste.