HBAR bullish momentum confirmed !

HBAR MARKET_MINDS BULLISH

Market & Ticker: Hedera Hashgraph – HBAR/USDT 

 

Date: 08/08/2023 


 
Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 

 

Scenario: 

 

 

HBAR recently confirmed a pre-signal from the technical elements calling for further bullish momentum gain. At current price the potential of HBAR token stands at 0,1110 and 0,1470 maximum. On the near to mid-term basis 0,0460 is acting as robust support to add in dip in the 0,06/0,0520 right above the moving averages to anticipate a larger rise towards 0,0820 before 0,1110 

 

Technical Key Elements: 

 

- Auto similar move potential shows target at 0,1110 
- RSI indicator already confirmed the bullish momentum and keeps potential to the upside 
- The Moving average are support 
- Fibonacci key support is adjusted at 0,0460 while the Elliot wave shows upside potential towards 0,0820 and 0,1110 

 
Trade Idea conclusion:  Buy - Conviction:

 

:médaille:
:médaille:
Medium

 

Target 2: 0,1110 

Target 1: 0,0820 

Buy: add in dip area 0,06/0,0520 

Stop: 0,0460 (Daily close) 

 

 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

 

 

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.