HEDERA HASHGRAPH - HBAR/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	HBARUSD
ISIN:

HEDERA HASHGRAPH - HBAR/USD - Daily - Technical analysis published on 11/08/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.398167 USD

My targets

0.475233 USD (+13.77%)

0.504800 USD (+20.85%)

My analysis

The bullish trend is currently very strong on HEDERA HASHGRAPH - HBAR/USD. As long as the price remains above the support at 0.398167 USD, you could try to benefit from the boom. The first bullish objective is located at 0.475233 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.504800 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.2

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

The HEDERA HASHGRAPH - HBAR/USD price is 0.417700 USD. On the day, this instrument gained +6.10% with the lowest point at 0.390200 USD and the highest point at 0.429800 USD. The deviation from the price is +7.05% for the low point and -2.82% for the high point.

0.390200

0.429800

0.417700

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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 Daily 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.262117	0.336800	0.408878	0.417700	0.504800
Change (%)	-37.25%	-19.37%	-2.11%	-	+20.85%
Change	-0.155583	-0.080900	-0.008822	-	+0.087100
Level	Minor	Intermediate	Major	-	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.375633	0.379767	0.386733	0.390867	0.397833	0.401967	0.408933
Camarilla	0.390648	0.391665	0.392683	0.393700	0.394718	0.395735	0.396753
Woodie	0.377050	0.380475	0.388150	0.391575	0.399250	0.402675	0.410350
Fibonacci	0.379767	0.384007	0.386627	0.390867	0.395107	0.397727	0.401967

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.254867	0.313133	0.349467	0.407733	0.444067	0.502333	0.538667
Camarilla	0.359785	0.368457	0.377128	0.385800	0.394472	0.403143	0.411815
Woodie	0.243900	0.307650	0.338500	0.402250	0.433100	0.496850	0.527700
Fibonacci	0.313133	0.349271	0.371596	0.407733	0.443871	0.466196	0.502333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.185433	0.253267	0.330333	0.398167	0.475233	0.543067	0.620133
Camarilla	0.367553	0.380835	0.394118	0.407400	0.420683	0.433965	0.447248
Woodie	0.190050	0.255575	0.334950	0.400475	0.479850	0.545375	0.624750
Fibonacci	0.253267	0.308619	0.342815	0.398167	0.453519	0.487715	0.543067

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):	58.77
MACD (12,26,9):	0.0083
Directional Movement:	15.008261
AROON (14):	28.571429
DEMA (21):	0.399974
Parabolic SAR (0,02-0,02-0,2):	0.462254
Elder Ray (13):	0.016560
Super Trend (3,10):	0.452880
Zig ZAG (10):	0.414500
VORTEX (21):	1.0672
Stochastique (14,3,5):	46.06
TEMA (21):	0.400783
Williams %R (14):	-40.71
Chande Momentum Oscillator (20):	0.065100
Repulse (5,40,3):	6.1521
ROCnROLL:	1
TRIX (15,9):	0.2815
Courbe Coppock:	11.40

MA7:	0.395286
MA20:	0.389370
MA50:	0.370898
MA100:	0.327490
MAexp7:	0.397570
MAexp20:	0.389298
MAexp50:	0.370337
MAexp100:	0.336780
Price / MA7:	+5.67%
Price / MA20:	+7.28%
Price / MA50:	+12.62%
Price / MA100:	+27.55%
Price / MAexp7:	+5.06%
Price / MAexp20:	+7.30%
Price / MAexp50:	+12.79%
Price / MAexp100:	+24.03%

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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