HEDERA HASHGRAPH - HBAR/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	HBARUSDT
ISIN:

HEDERA HASHGRAPH - HBAR/USDT - Daily - Technical analysis published on 02/08/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.076820 USDT

My targets

0.082900 USDT (+5.30%)

0.099140 USDT (+25.92%)

My analysis

HEDERA HASHGRAPH - HBAR/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.076820 USDT. The next resistance located at 0.082900 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.099140 USDT. After this resistance, buyers could then target 0.158000 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 Spider992s. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The HEDERA HASHGRAPH - HBAR/USDT rating is 0.078730 USDT. The price registered an increase of +5.21% on the session and was between 0.073450 USDT and 0.079200 USDT. This implies that the price is at +7.19% from its lowest and at -0.59% from its highest.

0.073450

0.079200

0.078730

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of HEDERA HASHGRAPH - HBAR/USDT in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.065530	0.072400	0.076820	0.078730	0.082900	0.158000	0.260800
Change (%)	-16.77%	-8.04%	-2.43%	-	+5.30%	+100.69%	+231.26%
Change	-0.013200	-0.006330	-0.001910	-	+0.004170	+0.079270	+0.182070
Level	Intermediate	Major	Intermediate	-	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	0.058193	0.062817	0.068823	0.073447	0.079453	0.084077	0.090083
Camarilla	0.071907	0.072881	0.073856	0.074830	0.075804	0.076779	0.077753
Woodie	0.058885	0.063163	0.069515	0.073793	0.080145	0.084423	0.090775
Fibonacci	0.062817	0.066877	0.069386	0.073447	0.077507	0.080016	0.084077

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.049100	0.055720	0.064470	0.071090	0.079840	0.086460	0.095210
Camarilla	0.068993	0.070402	0.071811	0.073220	0.074629	0.076038	0.077447
Woodie	0.050165	0.056253	0.065535	0.071623	0.080905	0.086993	0.096275
Fibonacci	0.055720	0.061591	0.065219	0.071090	0.076961	0.080589	0.086460

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001640	0.018940	0.041740	0.059040	0.081840	0.099140	0.121940
Camarilla	0.053513	0.057188	0.060864	0.064540	0.068216	0.071892	0.075568
Woodie	0.004390	0.020315	0.044490	0.060415	0.084590	0.100515	0.124690
Fibonacci	0.018940	0.034258	0.043722	0.059040	0.074358	0.083822	0.099140

Numerical data

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

Technical indicators

Moving averages

RSI (14):	66.48
MACD (12,26,9):	0.0052
Directional Movement:	19.485484
AROON (14):	50.000000
DEMA (21):	0.074398
Parabolic SAR (0,02-0,02-0,2):	0.063503
Elder Ray (13):	0.006331
Super Trend (3,10):	0.058314
Zig ZAG (10):	0.077760
VORTEX (21):	1.1424
Stochastique (14,3,5):	68.58
TEMA (21):	0.075390
Williams %R (14):	-8.66
Chande Momentum Oscillator (20):	0.008290
Repulse (5,40,3):	8.2927
ROCnROLL:	1
TRIX (15,9):	1.3656
Courbe Coppock:	16.15

MA7:	0.071750
MA20:	0.069215
MA50:	0.054320
MA100:	0.051752
MAexp7:	0.072280
MAexp20:	0.067331
MAexp50:	0.059441
MAexp100:	0.056417
Price / MA7:	+9.73%
Price / MA20:	+13.75%
Price / MA50:	+44.94%
Price / MA100:	+52.13%
Price / MAexp7:	+8.92%
Price / MAexp20:	+16.93%
Price / MAexp50:	+32.45%
Price / MAexp100:	+39.55%

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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