HBAR Falling Wedge / Bull Pennant + RSI breakout (1D)

19 de abr.

HBARUSDT has spent months correcting after a strong rally and is now compressing within a falling wedge — which could also be interpreted as a bull pennant.

Two Potential Scenarios
• Falling Wedge – A classic reversal setup with bullish RSI divergence and declining volume. Measured target: ~$0.335.*
• Bull Pennant – A continuation pattern formed after the late-2024 impulse. Measured target: ~$0.525.*

Early Bullish Signs
• Declining volume as the pattern developed could signal waning seller strength.
• RSI breaking out of a multi-month downtrend, and retesting the resistance as support, can be a leading signal of a subsequent price breakout.

Key Levels
• $0.050 – Multi-year demand zone.
• $0.120 – Current support + HVN* + previous S/R + 0.786 Fib.
• $0.180 – Resistance + HVN + previous S/R + 0.618 Fib.
• $0.280 – HVN + prior swing high + likely resistance.
• $0.320–$0.460 – Monthly supply zone (in place since March 2021).
• $0.335 – Falling wedge measured target (depending on breakout timing)**.
• $0.360–$0.400 – Daily sell-side order block, expect resistance.
• $0.525 – Bull pennant target (depending on breakout timing)**.

* Wedge and pennant targets are measured from the breakout point, so the actual target will vary the longer we spend within the pattern.
** HVN: High Volume Node — zones of concentrated past trading activity, reinforcing S/R relevance.

⚠️ Until a clean breakout occurs, HBAR remains in a compression phase and a No-Trade Zone.

21 de abr.

Nota

Ongoing price breakout attempt.

22 de abr.

Trade ativo

Breakout is in, now testing the $0.180 resistance.