🔍HBAR/USDT (1D) - Technical Analysis
Pattern in formation: Cup — The price formed a rounded correction curve, with a bottom in April and continuous recovery until August.
Resistance zone: Between $0.295 to $0.300, where the "edge" of the cup has been drawn — this is the crucial point for breakout and confirmation of the pattern.
Theoretical target (if the breakout materializes): Projection from the bottom to the edge (~0.29 - 0.08 = $0.21 in height), which could take the price up to the region of $0.50 if it breaks out with strength and volume.
Handle not yet formed: The "handle" that usually occurs after the formation of the cup is still not present. This would indicate a slight correction/consolidation before the decisive breakout.
⚠️ Attention: This is not a recommendation to buy or sell. It is merely a graphical analysis based on classic price action patterns for educational purposes.
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