Hedera breakout Alert
We witnessed the battle of bears and bulls when hbar threw himself to 0.45.
Since it came to 0.45, we have seen a 38 percent correction movement. As you can see now, it is preparing to break through the Triangle. It's hard to predict the direction right now, the market is very shaky, but I think it should be upward because it sees a correction movement of 38 percent.
Upside Target: 0.44
Downside Target: at the lower levels, there are two key levels, the 0.25 level, which hbar used as support before, and the 0.21 level, which hbar used as resistance before. but Fibonacci retracement is showing us that if the bears break these levels hbar can drop to 0.19 (I think this is not going to happen, but hey! we are in the crypto market everything is possible. just some scenarios are less possible.)
Since it came to 0.45, we have seen a 38 percent correction movement. As you can see now, it is preparing to break through the Triangle. It's hard to predict the direction right now, the market is very shaky, but I think it should be upward because it sees a correction movement of 38 percent.
Upside Target: 0.44
Downside Target: at the lower levels, there are two key levels, the 0.25 level, which hbar used as support before, and the 0.21 level, which hbar used as resistance before. but Fibonacci retracement is showing us that if the bears break these levels hbar can drop to 0.19 (I think this is not going to happen, but hey! we are in the crypto market everything is possible. just some scenarios are less possible.)
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