HBAR/USDT - 1D
💰 Price: 0.267 USDT
📊 Volume: 220.6M HBAR (slightly above average, indicating interest in the current movement).
📌 Indicators:
- RSI (14): 73.64 → 📈 Overbought, but in a strong trend it can remain this way for some time.
- MACD: Bullish crossover, although with a reduced histogram. Positive momentum signal.
- BBands: Price in mid-high zone, not touching extreme bands. Normal range.
- SMA50: Price above (0.196), confirming medium-term bullish trend.
- Ichimoku: Bullish cloud, but Tenkan (0.225) close to price → possible dynamic support.
- VPVR: Volume concentrated in 0.212-0.225, key area for reactions.
📊 Analysis:
- Trend: 📈 Bullish, supported by SMA50 and MACD, but with signs of overextension (high RSI/MFI).
- Volatility: Moderate (ATR 0.0198). Sudden movements possible if it breaks resistances/supports.
- Patterns: No clear patterns on the chart, but TD Sequential shows the start of a bullish count (1/9).
- Supports: 0.225 (Ichimoku Tenkan), 0.212 (VPVR and SMA50).
- Resistances: 0.273 (recent high), 0.305 (upper band BBands).
🎯 Strategy:
- Scenario 1 (Bullish): If the price exceeds 0.273 with volume, entry with TP at 0.305 and SL at 0.255.
- Scenario 2 (Correction): If RSI retraces from overbought zone, wait for a bounce at 0.225 or 0.212 to buy. SL at 0.205.
🔍 Observations:
- 🔴 Parabolic SAR in bearish mode, contradicting other indicators. Watch if the price loses 0.266.
- 📉 MFI extremely high (84.76), alert for possible buying exhaustion.
- 🟢 ADX strong (25+), solid trend, but corrections can be abrupt.
Cryptocurrency trading carries a high risk. (DYOR) 😎☕️
