Timechain Coder
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#Hedera - $HBAR - General Outlook
The red box it is currently on is an important medium-term support level. The external structure is still bullish and within the boundaries of the last daily upward swing movement.
In the internal structure, it is making a correction with CHoCH and technically, as long as it does not close below 0.1257, the main trend is bullish.
If it can close above 0.2540, I expect it to go to the levels I marked above and make a new Higher High because the FTB block below also coincides with the Optimal Trade Entry (OTE) region of the main swing and after the first wick, its liquidation was cleared twice more and it worked as support.
If this level cannot be breached in the first attempt, there will be no problem in going down to the small green box in the middle and the inner structure trend will not change. If this level cannot provide support, a pullback can be observed up to the 0.14-0.16 liquidation levels.
The red box it is currently on is an important medium-term support level. The external structure is still bullish and within the boundaries of the last daily upward swing movement.
In the internal structure, it is making a correction with CHoCH and technically, as long as it does not close below 0.1257, the main trend is bullish.
If it can close above 0.2540, I expect it to go to the levels I marked above and make a new Higher High because the FTB block below also coincides with the Optimal Trade Entry (OTE) region of the main swing and after the first wick, its liquidation was cleared twice more and it worked as support.
If this level cannot be breached in the first attempt, there will be no problem in going down to the small green box in the middle and the inner structure trend will not change. If this level cannot provide support, a pullback can be observed up to the 0.14-0.16 liquidation levels.
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