As you can see in Fig. A, HBAR has often printed some nice, recognisable diagonal patterns (in this case, A was a leading diagonal for a nice 5-count rally).
I believe we have another such diagonal forming now at Fig. B
It's clear that this is a slightly smaller pattern, suggesting a degree lower (I have labelled the first one as intermediate and the recent pattern as minor respectively).
If this is the case, I believe there is every reason to believe that we are about to see HBAR assert itself and embark on a Wave 3 extension - this means that the diagonal rally at B would be wave 1 and we should expect a further rally with wave 3 starting soon and running 1.618 at least of Wave 1 and Wave 5 probably being parity with Wave 1 for length.
Standard elliot wave estimation.
However, we should bear in mind that crypto often involves significant variance on these base estimates so, I'm expecting a really good pop in the near future.
Trade safe!
I believe we have another such diagonal forming now at Fig. B
It's clear that this is a slightly smaller pattern, suggesting a degree lower (I have labelled the first one as intermediate and the recent pattern as minor respectively).
If this is the case, I believe there is every reason to believe that we are about to see HBAR assert itself and embark on a Wave 3 extension - this means that the diagonal rally at B would be wave 1 and we should expect a further rally with wave 3 starting soon and running 1.618 at least of Wave 1 and Wave 5 probably being parity with Wave 1 for length.
Standard elliot wave estimation.
However, we should bear in mind that crypto often involves significant variance on these base estimates so, I'm expecting a really good pop in the near future.
Trade safe!
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.