HBAR/USDT Break the descending pattern. Bullish Momentum ??
💎 HBAR has undeniably garnered significant attention in the market. Currently, it has broken out of the descending channel pattern and is in the retesting phase at the resistance trendline of the descending channel.
💎 A bounce from this trendline is necessary to sustain the upward movement towards the next resistance area. If successful in breaking the resistance at $0.077, there is a potential for HBAR to continue its upward trajectory, reaching our target supply area.
💎 However, if HBAR fails to bounce from the resistance trendline or makes a false break, there is a possibility of retracement to the demand area at $0.0575. In such a scenario, HBAR needs to reclaim or break the pattern again; failure to do so could result in a breakdown below the demand, leading to a downward movement back to the strong demand area.
💎 A bounce from this trendline is necessary to sustain the upward movement towards the next resistance area. If successful in breaking the resistance at $0.077, there is a potential for HBAR to continue its upward trajectory, reaching our target supply area.
💎 However, if HBAR fails to bounce from the resistance trendline or makes a false break, there is a possibility of retracement to the demand area at $0.0575. In such a scenario, HBAR needs to reclaim or break the pattern again; failure to do so could result in a breakdown below the demand, leading to a downward movement back to the strong demand area.
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