HEDERA - HBAR/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	HBARUSD
ISIN:

HEDERA - HBAR/USD - Daily - Technical analysis published on 02/05/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

78%

22%

My opinion

Bearish under 0.312367 USD

My targets

0.225700 USD (-13.49%)

0.159067 USD (-39.03%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HEDERA HASHGRAPH - HBAR/USD. As long as you are under the resistance located at 0.312367 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.225700 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.159067 USD as an objective. Crossing it would then enable sellers to target 0.158200 USD. If the resistance 0.312367 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

HEDERA HASHGRAPH - HBAR/USD rating 0.260900 USD. On the day, this instrument gained +4.78% and was between 0.247400 USD and 0.263000 USD. This implies that the price is at +5.46% from its lowest and at -0.80% from its highest.

0.247400

0.263000

0.260900

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this HEDERA HASHGRAPH - HBAR/USD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.068790	0.158200	0.225700	0.260900	0.261070	0.336800	0.403800
Change (%)	-73.63%	-39.36%	-13.49%	-	+0.07%	+29.09%	+54.77%
Change	-0.192110	-0.102700	-0.035200	-	+0.000170	+0.075900	+0.142900
Level	Minor	Major	Major	-	Minor	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.225767	0.230533	0.239767	0.244533	0.253767	0.258533	0.267767
Camarilla	0.245150	0.246433	0.247717	0.249000	0.250283	0.251567	0.252850
Woodie	0.228000	0.231650	0.242000	0.245650	0.256000	0.259650	0.270000
Fibonacci	0.230533	0.235881	0.239185	0.244533	0.249881	0.253185	0.258533

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.146833	0.166467	0.194133	0.213767	0.241433	0.261067	0.288733
Camarilla	0.208793	0.213128	0.217464	0.221800	0.226136	0.230472	0.234808
Woodie	0.150850	0.168475	0.198150	0.215775	0.245450	0.263075	0.292750
Fibonacci	0.166467	0.184535	0.195698	0.213767	0.231835	0.242998	0.261067

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005767	0.095933	0.159067	0.249233	0.312367	0.402533	0.465667
Camarilla	0.180043	0.194095	0.208148	0.222200	0.236253	0.250305	0.264358
Woodie	-0.007750	0.089175	0.145550	0.242475	0.298850	0.395775	0.452150
Fibonacci	0.095933	0.154494	0.190673	0.249233	0.307794	0.343973	0.402533

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.27
MACD (12,26,9):	-0.0084
Directional Movement:	0.251765
AROON (14):	85.714286
DEMA (21):	0.225021
Parabolic SAR (0,02-0,02-0,2):	0.204346
Elder Ray (13):	0.019684
Super Trend (3,10):	0.275138
Zig ZAG (10):	0.258400
VORTEX (21):	0.9272
Stochastique (14,3,5):	85.54
TEMA (21):	0.229498
Williams %R (14):	-5.72
Chande Momentum Oscillator (20):	0.052200
Repulse (5,40,3):	12.2204
ROCnROLL:	-1
TRIX (15,9):	-0.8530
Courbe Coppock:	3.41

MA7:	0.233771
MA20:	0.232810
MA50:	0.271062
MA100:	0.310390
MAexp7:	0.238482
MAexp20:	0.239270
MAexp50:	0.262791
MAexp100:	0.285673
Price / MA7:	+11.60%
Price / MA20:	+12.07%
Price / MA50:	-3.75%
Price / MA100:	-15.94%
Price / MAexp7:	+9.40%
Price / MAexp20:	+9.04%
Price / MAexp50:	-0.72%
Price / MAexp100:	-8.67%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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