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HBAR Technical Analysis: Stable Prices, Indicators on a SELL, Watch and Make Your Move

source-logo  cryptoknowmics.com 01 December 2021 11:17, UTC

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Let us see the technical analysis of HBAR.

Past Performance of HBAR

HBAR around two months ago was predicted to touch and cross its Fibonacci Levels of $1.07. It broke out of the $0.43 horizontal resistance area and touched a high of $0.579 on September 15, 2021 but has dropped to a dismal$0.325 few weeks later and is now at $0.430.

Source: https://www.tradingview.com/x/2CB5LWGn/

HBAR Technical Analysis

HBAR is on a positive stream of stability of prices. The weekly chart shows that HBAR has reclaimed the $0.365 area after firstly deviating below it. This is supposed to be part of a wave trend that will be completed in five waves.

The On-balance Volume is at 2.235 billion which has stayed flat for most of the past two months. This shows the prices are not expected to pick up drastically due to any volume-based reasons.

RSI has been also revolving around the 45-50 percent showing an undecided direction of prices which can go either way.

The MACD line has been converging along the histogram and shows low stability of prices.

Price Trends for the Day-Ahead and Tomorrow

HBAR is receiving STRONG SELL signals as per oscillators and indicators. The sentiment is down owing to low to no new developments. It is trading near its moving averages and a pivot of $0.3793. Expect it to fall to the support level of $0.3062. Watch out for further support levels of $0.2972.

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