HEDERA HASHGRAPH - HBAR/USD
HEDERA HASHGRAPH - HBAR/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: HBARUSD
ISIN:

HEDERA HASHGRAPH - HBAR/USD - 1H - Technical analysis published on 08/02/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.207378 USD
My targets
0.214089 USD (+1.51%)
0.230633 USD (+9.36%)
My analysis
HEDERA HASHGRAPH - HBAR/USD 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 0.207378 USD. The next resistance located at 0.214089 USD 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 0.230633 USD. After this resistance, buyers could then target 0.299100 USD. 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
0
10
8

Complete this analysis for another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

HEDERA HASHGRAPH - HBAR/USD rating 0.210900 USD. On the day, this instrument gained +2.78% and was traded between 0.201500 USD and 0.212100 USD over the period. The price is currently at +4.67% from its lowest and -0.57% from its highest.

0.201500
0.212100
0.210900

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this 1H chart of HEDERA HASHGRAPH - HBAR/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.188550 0.199530 0.207378 0.210900 0.214089 0.299100 0.336744
Change (%) -10.60% -5.39% -1.67% - +1.51% +41.82% +59.67%
Change -0.022350 -0.011370 -0.003522 - +0.003189 +0.088200 +0.125844
Level Major Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard0.1821670.1923330.1987670.2089330.2153670.2255330.231967
Camarilla0.2006350.2021570.2036780.2052000.2067220.2082430.209765
Woodie0.1803000.1914000.1969000.2080000.2135000.2246000.230100
Fibonacci0.1923330.1986750.2025920.2089330.2152750.2191920.225533


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1370330.1539670.1838330.2007670.2306330.2475670.277433
Camarilla0.2008300.2051200.2094100.2137000.2179900.2222800.226570
Woodie0.1435000.1572000.1903000.2040000.2371000.2508000.283900
Fibonacci0.1539670.1718440.1828890.2007670.2186440.2296890.247567


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1107000.1329000.1733000.1955000.2359000.2581000.298500
Camarilla0.1964850.2022230.2079620.2137000.2194380.2251770.230915
Woodie0.1198000.1374500.1824000.2000500.2450000.2626500.307600
Fibonacci0.1329000.1568130.1715870.1955000.2194130.2341870.258100

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.98
MACD (12,26,9): 0.0001
Directional Movement: 5.554483
AROON (14): 35.714283
DEMA (21): 0.198068
Parabolic SAR (0,02-0,02-0,2): 0.194744
Elder Ray (13): 0.000440
Super Trend (3,10): 0.190784
Zig ZAG (10): 0.199000
VORTEX (21): 0.9525
Stochastique (14,3,5): 69.52
TEMA (21): 0.197398
Williams %R (14): -21.43
Chande Momentum Oscillator (20): 0.000800
Repulse (5,40,3): 0.4834
ROCnROLL: 1
TRIX (15,9): -0.0029
Courbe Coppock: 0.53
MA7: 0.186957
MA20: 0.178115
MA50: 0.185706
MA100: 0.227433
MAexp7: 0.197982
MAexp20: 0.197853
MAexp50: 0.196273
MAexp100: 0.191810
Price / MA7: +12.81%
Price / MA20: +18.41%
Price / MA50: +13.57%
Price / MA100: -7.27%
Price / MAexp7: +6.52%
Price / MAexp20: +6.59%
Price / MAexp50: +7.45%
Price / MAexp100: +9.95%

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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