HBAR Hedera Hashgraph Crypto Price News Today – Price Prediction and Technical Analysis!

HBAR Hedera Hashgraph Crypto Price News Today – Price Prediction and Technical Analysis!

[Music]
hello and welcome to another update
video about H bar yeah H bar completely
escalated yesterday as you know we
talked about it um after the price
reacted to the support Zone pretty much
the price did what we wanted it to do I
mean the question down here was okay do
we get another low or was the low
already in but these support zones are
typically relevant for reactions then
you know there was this news event fake
news or not I think probably fake news
who knows um I’m not too much no I’m not
looking too much into this I’m looking
at the charts but what I want to educate
about is that there was a news event
there was a trigger there was a catalyst
that did lead to a reaction because the
market was ready for it because the
sentiment was ready for it the market
was in a support Zone and these
Fibonacci support levels they are a
mathematical representation of Market
sentiment so if you have a prepared
market and the news event hits that can
of course lead to a rally that’s why I’m
offering the support levels not that the
support level or the TA predicted a news
event but the TA suggested that from
this region there should be a reaction
and this can sometimes be accelerated by
a news event so we’ve seen that um that
rally okay and fake news or not I
haven’t really followed it I think some
people told me it’s fake news whatever
not really interested in that um I
explained yesterday in my video that
these news driven rallies however if
they happen too fast and the rally goes
too far too fast especially in crypto we
know it from xrp and other examples yeah
they often lead to ABC price tops and
that’s precisely what we might have seen
the sharpness of the decline suggest
that this has failed that’s exactly why
I made the video yesterday and
highlighted okay maybe some partial
profit taking or at least consider that
it could be a high B wve CU you know all
of crypto Twitter already talked about
like $10 or something um so it could
just have been a b wve so we want to
talk about that but that’s sort of the
context we have a
chart in which we had a bullish setup
the bullish setup played out now we need
to see if it’s sustained it doesn’t look
like it but there is a support area I
want to communicate to you a new one
that you can be watching and the overall
assumption on this chart is that we’re
dealing with a larger degree yellow is
not expected to play out yellow is um
basically too bullish as a onew setup
but I’m tracking an AB so wave a to the
upside which topped here in September 21
a b-wave pullback and then here a c-wave
rally and this could be an ABC in wave a
then sorry ABC in Wave 1 then a wave two
pullback that was the yellow support
Zone
and we’re now basically moving in an ABC
structure in wave three then we could
get a four and a five and that can take
us sort of into the $2 region if things
go well but that’s too far out to trade
for it in my opinion the next main area
to watch is between 26 Cents and 61
cents we always have to take it level by
level with these altcoins let’s go to
the 4H hour chart take a look at the
detail structure because there are a few
potentials here how the market could
unfold so first of all it is possible
that this wave two bottomed actually
okay so we talked about in yesterday’s
video this pullback this corrective
pullback one second just need to shift
that could have bottomed then this
ideally to the upside to confirm that
would be an Impulse well it looks
impulsive but as always you know I gave
you a micro count
yesterday um as always the 50% FIP level
of the last rally needs to hold this is
clear not a five wave move it’s only
three waves so to keep the impulsive
count alive we would need two more Highs
but I think I suggested yesterday
already that I’m questioning this
because a one 1212 setup doesn’t really
look right in terms of proportions so it
looks more like an
ABC the foundation wasn’t there but um
either way it could be you know it’s
valid so to keep to keep this impulsive
count alive it needs to hold 12 .6 cents
a break below that increases what I was
warning about that it’s just a high B
wve and it already looks as if it’s
going to fail unless it does a U-turn
right
now
and this could happen right I mean if
you want to play for that but you know I
wouldn’t this is just um I think the
really might be done now if we as long
as we hold that okay the white microcon
here could be followed further that
means we need two more highs and it
could
reach zooming out could reach 26 Cents
possibly
yeah so but this is this at the moment
my my spider senses my my b-wave senses
are activated so it looks like a b-wave
now the thing is because we have a high
b-wave an overshooting b-wave we might
never revisit the yellow support Zone
okay so as highlighted in Orange you see
this b-wave and the seawave down
scenario if we now get a corrective
rally which forms a lower high that
would be further conf confirmed because
if this is a c-wave down it might do
this 1 2 3 4 5 something which will look
very similar is the idea that the a-wave
might have topped already and you’re
asking okay how how can that happen well
that’s possible because an a-wave can be
a five-wave move or a three-wave move
which is why it’s difficult to trade
diagonal patterns if you are looking for
precision okay if you’re looking for
precision trading diagonals is extremely
difficult um and especially touching a
coin like that is extremely difficult
because it’s so fast and um diagonals
are difficult because you’re dealing
with corrective sub waves in the subwave
structures a waves more often than not
are three-wave structures so it could
very well be that this is an a-wave and
then we get a b-wave pullback for a
c-wave
rally so the main question in the white
count is is the a-wave three-wave move
or a five-wave move the way looks at the
moment it would be a three-wave move so
it’s really between okay it’s wave a as
a three-wave move we’re now in a b-wave
pullback or we are in the orange count
and the wave two never finished now
funny enough due to the high B
wve we might never enter the yellow
support region again so the 100%
extension level is at 8.5 cents that’s
actually in the lower orange support
region so it’s pointing to that area I
just want to share or explain that it’s
possible that we dip into this support
area but never revisit the yellow one so
I’ll take the yellow one I’ll move that
over here because that’s at the moment
not really relevant
anymore well actually it is I would keep
it on the chart actually because it’s
still relevant you know you cannot rule
out that this CWA if it happens is is is
sharp um so we’re basically looking at
the scenario if if we break below 2 12.6
cents it will clarify the chart okay it
will clarify the chart until then
technically speaking a direct impulse to
the upside is still valid so if that
level breaks then you can be watching
for a reaction in this area Okay
especially then if we are in a b-wave
pullback in white you would expect the
market to react between 11 cents and 8.3
cents now I can tell you already the way
this looks it looks very impulsive to
the downside it doesn’t yet look really
like that white b-wave but we will have
to look at the structure how it unfolds
over the coming hours and maybe one or
two days to make a better call is it
just a reset of the wave two but maybe
even higher because we have an
overshooting b-wave and an a-wave and a
c-wave have often the same length so the
c-wave might never end below a hope that
makes sense um or is it a corrective
pullback I can tell you already it
doesn’t really look like a corrective
pullback it looks like pretty impulsive
rejection so that could be wave C it
could also just be wave a of B so again
we need to be a bit patient here but I
think it’s important to realize that
there are two main support areas we
could be watching there especially here
12.6 cents is the key level below that
the next support area becomes Rel that
becomes relevant is 8.3 to 11 cents for
the white b-wave okay and it could
unfold like a wve Down
B wve up c-wave down so what I want to
share is if we see a reaction here maybe
to this support area or if it Ries a bit
and if it doesn’t make a new high and
it’s just
corrective well you might get a
gentleman’s exit they call it because it
might then drop again okay but that
would not change and that’s very
important to realize I think that would
not
change the overall bullish assumption on
the HP chart okay which is to a degree
questionable because we’re dealing with
a large ABC structure but still as long
as we’re in the bullish Market we have
this bullish perspective that a seawave
to the upside should unfold so whether
on the smaller time frame there was fake
news and there was a bit of a fake out
event which we’ve often seen in crypto
which is why I highlighted yesterday
exactly when we started the rally that
it could just be a high B wve so just
prepare for it I also don’t have a
crystal ball right but um even if this
was just the high B wve it wouldn’t
really
change much okay not when you zoom out
okay um yeah I think that’s of what we
need to be those levels are what we need
to pay attention to and if we turn
around here before breaking below 12.6 I
would be impressed then and form a new
high actually I mean a bounce is always
possible but if we form a new high then
we might just carry on with the
impulsive count to the upside that’s my
update about H bar hope you like the
update if you did please hit the like
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content thanks a lot for watching
bye-bye

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HBAR Hedera Hashgraph Crypto Price News Today – 2022 Price Prediction and Technical Analysis! In this video I talk about the crypto coin HBAR and carry out an Elliott Wave technical analysis. I also talk about my price prediction for Hedera Hashgraph for 2022.

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