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 HB bar the HB bar chart
shows a deep pullback after that initial
rally here yeah we had this uh rally and
I indicated already when that rally was
unfolding that these news driven rallies
and that rally was news driven these
catalysts um they generate rallies yeah
they can when the market is prepared for
it but they often lead to so-called
three-wave tops okay so three-wave top
happened again here um yeah basically
the top was formed on Tuesday and we’re
going to zoom in in a minute let’s talk
first about the overall potential on
this chart the main problem on this
chart is that the rally that started in
January last year was only a 3 wve rally
so probabilities aren’t clear but
because we are in a bullish Market
overall in the crypto space I’m leaning
towards a bullish outcome so what I can
justify here is the perspective of an
ending diagonal in a seawave
rally yeah so I’m tracking that uh we
possibly completed wave one in an ugly
ABC structure with an ugly c-wave
diagonal so that top formed here on the
11th or 12th of March we had um a one
two three four five clear five wve
pattern but only in a diagonal and
then this pullback happened dipped into
the communicated support region and the
market reacted nicely so that means we
possibly completed Wave 1 we possibly
completed wave two we might have started
wave three um and I my assumption is
that um we are we are in this pattern
as long as the 4.7 Cent level is holding
what’s not so clear at this stage is if
the Wave 2 already bottomed or not but
again against the 4.7 Cent level that
doesn’t matter so much because it leaves
enough space for the wave two to reset a
bit lower if it has to and then we
should see that third wave four and five
bear in mind because this um wave 1 was
an ABC well the third wave would also
need to be an ABC structure okay and
minimum Target for the third wave if the
wave two already bottomed is 36 Cents is
the minimum Target and the first ideal
Target is 44 cents so it can always go
higher the higher the better for the
overall yeah let’s see um for the
overall perspective because the first
main seawave target is above $2 so we
need to see if we actually get there but
for now let’s see if um let’s see if the
third wave can actually reach its
targets let’s go to the 4H hour chart
here you can see that this top was
clearly in three waves this could now be
followed by a long and draining
correction as they often as it often
happens but we’ll see I mean three waves
up in an a-wave this here could be the
b-wave pullback but there’s no sign as
completed other than an initial reaction
to the support region at the 50% FIP
level here 11 cents but it would need to
do more to convince me that the c-wave
has already started not convinced yet
and uh against 8.3 Cent we could say
that the wave two bottomed and this is
just a b-wave pullback and then the
c-wave can still happen from there but
these weird structures it just looks a
bit strange so what could happen is that
this b-wave extends a bit in an ABC
structure okay so if the next rally is
corrective we have to expect further
downside but the orange support area
gives you the parameters to watch for
the idea that the third wave has started
and we are in an AB structure of the
third wave or actually of a larger wave
so that’s of course possible we need to
see how um how the next rally unfolds
and obviously the third wave Target I
mentioned that to you we should ideally
get to 44 cents so not sure if with with
a c-wave we get there so it might be if
we don’t get there that it’s extending
into a larger ABC structure so and then
below 8.3 cents well then I would have
to assume that the wave two is actually
still unfolding and this was just a high
b-wave absolutely possible a-wave down
overshooting b-wave c-wave down so we
have two support areas to watch but
below the 4.7 Cent level I don’t really
have anything clearly bullish left um
then we would have to assume that most
likely the market will break below the
December 22 low and January 23 low but
for now I’m looking for higher prices
not convinced yet that really the Wave 2
bottomed so we have two scenarios there
to watch the thing is because of the
overshooting B wve it’s not a m
that the c-wave ends below a absolutely
not needed could be that the c-wave ends
a bit higher um an A wve and the c-wave
they often have the same length and if
the B wve overshoots the c-wave might
end above a so yeah that’s s of what
we’re tracking
um that’s key I mean two key support
levels 8.3 stance is the line of the
sand that distinguishes between white
and orange counts and the 4.7 sand level
is the trigger that will most likely
lead to invalidation even of a lower
wave two correction okay so that’s but
at the moment it would be expected that
at least the lower support region will
offer support it’s just that these
corrective rallies when they happen as a
result of news Well you they lead to
obviously three-wave Ries you know these
a lot of people were already falling
from their chairs out of excitement I
always try to calm people down and say
look yeah if if you know if you if you
chase now it’s too late anyway but often
times you can’t trust these rallies when
they are new news driven they often lead
to three-wave rallies and a key and this
looks a bit like a blowoff top so it
often uh leads to that okay and a lot of
people who bought down up
there greedy overleveraged okay they are
now yeah disappointed and it can take
months for this correction to unfold
we’ll see for now the levels are clear
and upside expectations are there I
think we need to see a little bit more
price action now to really determine
what pattern this is because this was a
very very sharp correction and we’re
holding support for now yes but the
reaction to support is very weak so if
you ask me if it’s the white count it
most likely will form a clearer ABC
structure and if we then see the next
corrective rally we can calculate the
next downside Target yeah it’s um you
know these corrective the these strong
rallies when they are corrective they
don’t really help because we’ve seen it
with xrp a long lot of times these
corrective rallies they take a long time
to be corrected again and then people
lose interest and B you know get bought
out and whatever anyway the levels are
clear bullish outcome expected let’s
wait for the next five wve move because
a clear trigger that W or clear
indicator that the seawave has started
would be an early or first small five
wve move up that would give us an
indication that the seawave to the
upside has started so any one two setup
on a smaller time frame will indicate we
are on the move to the next upside
Target which would be the 26 level
that’s the next FIP level that really
matters that’s my update about hbar hope
you like the update if you did please
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for additional content thanks a lot for
watching
bye-bye for

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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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