Are you ready for the fifth wave up? 🌊📈
$HBAR shows an exciting technical formation as the upward explosion approaches, supported by strong momentum and clear stability above the weekly pivot point.
Technical Note:
The price is moving within a fourth triangular wave, indicating that wave (5) of (1 of 3) is close. If the classic Elliott wave pattern completes, the upcoming movement could push the price to break above its previous highs, targeting $1.16 initially, and possibly even $3.00 later.
Why is this important?
- Support at the 0.236 Fibonacci retracement enhances the likelihood of the upward trend continuing.
- The weekly Relative Strength Index is still at the neutral zone, giving the price plenty of room to rise.
- Any drop below the weekly pivot point invalidates the scenario.
The market is moving technically, and the next step could be breathtaking! Watch closely...
