Market & Ticker: Hedera Hashgraph – HBAR/USDT 

Date: 18/11/2024 
 
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. 
 
As long as 0.083 on a long run a larger move is expected to 0.20 before 0,30 
 
Update : The first resistance at 0,1240 has been reached and support is adjusted from 0,06 to 0,083 

Technical Key Elements: 

- Auto similar move potential shows target at 0,30 
- RSI indicator already confirmed the bullish momentum and keeps potential to the upside 
- The Moving average are support 
- Fibonacci key support is adjusted at 0,083 while the Elliot wave shows upside potential towards 0,20 and 0,30 

 
Trade Idea conclusion:  Buy  

Target 2: 0,30 

Target 1: 0,20 

Tactical support: 0,0830 (Daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

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

Disclaimer: The content of this analysis should not be considered as a study, an investment advice or a recommendation concerning products, strategies or a particular investment opportunity. This content is strictly for illustrative, educational or informational purposes and is subject to change. Investors should not base their investment decision on the content of this site and are strongly recommended to seek independent financial advice for any investment they are considering.