Market & Ticker: Hedera Hashgraph – HBAR/USDC

Date: 17/12/2024

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

 

Scenario: 

According the recent result in US election (trump), we do expect a larger HBAR adoption abroad pushing the Native Hedera token to next upside potential.

02/12/2024 : We can’t ignored a trading range at current price as long as 0.34 is not clearly bypassed in daily close. As long as 0.083 and 0.34 remains support and resistance valid a trading range should occur before any new upside potential towards the long term target at 1.20.

Today the price configuration is now leaning towards the end of the pause to start a new upside cycle towards 0,47. The support to watch is set at 0,20 in daily close, any dips above this level is an opportunity to trade higher.

Technical Key Elements:

• RSI is above 50% - no divergence
• The Moving average are support at 0.20
• Fibonacci key support is adjusted at 0,20 while the Elliot wave shows upside potential towards 0,47

Trade Idea conclusion: Neutral or Range

• Strategic Target : 1.20
• Tactical resistance : 0.47
• Tactical support: 0,20 (Daily close)

Chart: Daily Basis (Candle Stick) - Logarithmic 

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

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