HBAR Market Analysis – Wave 2 Pullback or Direct Rally?
Analysis Summary:
HBAR is currently at a critical technical juncture. We are tracking two short-term bullish scenarios (Blue and White counts), both suggesting the possibility of upward momentum, but with different structural paths.
Scenario 1: Blue Count (Potential Diagonal & Deeper Pullback)
Pattern: Five-wave move completed (diagonal structure – not ideal)
Key Support: 14.2¢ (must hold to maintain bullish view)
Shallow Supports to Watch: 16.9¢ and 15.7¢
Invalidation: Below 14.2¢ – no bullish case in this scenario
Strategy: Wait for confirmation of bounce at key support levels.
Scenario 2: White Count (ABC Structure – Short-term Bullish)
Pattern: ABC move with a developing five-wave C-wave
Wave Count: Likely completed Wave 1 from May 6th low; expecting Wave 2 pullback
Upper Support Zone: 19.7¢ – 18¢
Invalidation: Below 18¢ – risks shifting into the Blue count
Upside Target for Wave C: 30¢ region (Wave 3-5 completion)
Trade Setup:
Long Entry Zones:
Conservative: 18.5¢ – 19.5¢ (upon ABC pullback confirmation)
Aggressive: 20¢ if price holds above 20¢ with bullish momentum
Targets:
TP1: 24.5¢
TP2: 27¢
TP3: 30¢
Stop Loss:
Safe: Below 18¢ (white count invalidated)
Risky: Below 16.9¢ (early exit if blue count begins breakdown)
Risk Management Notes:
Structure is not fully impulsive from April lows — caution warranted.
Wave 2 pullback not confirmed yet — watch for ABC correction signs.
Manage exposure as altcoins remain volatile and trend reversals are common.