We updated the analysis of $HBAR
We mentioned that, after a strong rise 📈, the price consolidated with an ascending wedge formation. Then, it broke upward, so we bought with a target of 0.53644 🤑 later the price was rising until it reached the previous highs, but it could not break them. Now, the price is at the trendline of the figure, which could be interpreted as a pullback for it to continue with its upward momentum. 🚀
🤑 Favorable Scenario: To corroborate that idea, we are waiting for the RSI to break upward through the downtrend line. (Capture No. 1)
😭 Unfavorable Scenario: That the RSI does not break upward and the pullback does not work, and the price retracts to the support of 0.025139. If it manages to break the support downward, we would have a double top and it is more likely that the price will correct to 0.17563 - 0.13911. (Capture No. 2).
If you have bought, you need to be alert 🧐 that the price does not break 0.25139, as if it does, it is likely that the price will correct 📉. In the meantime, we remain optimistic 😎 and waiting for the mentioned target 🚀.
