HEDERA HASHGRAPH - HBAR/USD - 1H - Technical analysis published on 08/09/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.078009 USD
My targets
0.082037 USD (+2.55%)
0.086792 USD (+8.49%)
My analysis
The bullish trend is currently very strong on HEDERA HASHGRAPH - HBAR/USD. As long as the price remains above the support at 0.078009 USD, you could try to benefit from the boom. The first bullish objective is located at 0.082037 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.086792 USD as an objective. Crossing it would then enable buyers to target 0.158200 USD. 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
0
10
7.9
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Additional analysis
Quotes
The HEDERA HASHGRAPH - HBAR/USD price is 0.080000 USD. The price is lower by -0.03% since the last closing with the lowest point at 0.078700 USD and the highest point at 0.080390 USD. The deviation from the price is +1.65% for the low point and -0.49% for the high point.0.078700
0.080390
0.080000
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.073173 | 0.075755 | 0.078009 | 0.080000 | 0.080280 | 0.086792 | 0.158200 |
| Change (%) | -8.53% | -5.31% | -2.49% | - | +0.35% | +8.49% | +97.75% |
| Change | -0.006827 | -0.004245 | -0.001991 | - | +0.000280 | +0.006792 | +0.078200 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
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 | 0.074173 | 0.075447 | 0.077733 | 0.079007 | 0.081293 | 0.082567 | 0.084853 |
| Camarilla | 0.079041 | 0.079367 | 0.079694 | 0.080020 | 0.080346 | 0.080673 | 0.080999 |
| Woodie | 0.074680 | 0.075700 | 0.078240 | 0.079260 | 0.081800 | 0.082820 | 0.085360 |
| Fibonacci | 0.075447 | 0.076807 | 0.077647 | 0.079007 | 0.080367 | 0.081207 | 0.082567 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.059497 | 0.064803 | 0.070767 | 0.076073 | 0.082037 | 0.087343 | 0.093307 |
| Camarilla | 0.073631 | 0.074664 | 0.075697 | 0.076730 | 0.077763 | 0.078796 | 0.079829 |
| Woodie | 0.059825 | 0.064968 | 0.071095 | 0.076238 | 0.082365 | 0.087508 | 0.093635 |
| Fibonacci | 0.064803 | 0.069109 | 0.071768 | 0.076073 | 0.080379 | 0.083038 | 0.087343 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038390 | 0.048120 | 0.061920 | 0.071650 | 0.085450 | 0.095180 | 0.108980 |
| Camarilla | 0.069249 | 0.071406 | 0.073563 | 0.075720 | 0.077877 | 0.080034 | 0.082191 |
| Woodie | 0.040425 | 0.049138 | 0.063955 | 0.072668 | 0.087485 | 0.096198 | 0.111015 |
| Fibonacci | 0.048120 | 0.057109 | 0.062662 | 0.071650 | 0.080639 | 0.086192 | 0.095180 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.77 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | -2.897179 | |
| AROON (14): | 64.285715 | |
| DEMA (21): | 0.079941 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.078461 | |
| Elder Ray (13): | 0.000446 | |
| Super Trend (3,10): | 0.077837 | |
| Zig ZAG (10): | 0.079910 | |
| VORTEX (21): | 1.0416 | |
| Stochastique (14,3,5): | 67.92 | |
| TEMA (21): | 0.079944 | |
| Williams %R (14): | -16.25 | |
| Chande Momentum Oscillator (20): | 0.001510 | |
| Repulse (5,40,3): | 0.5501 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0782 | |
| Courbe Coppock: | 1.19 |
| MA7: | 0.076067 | |
| MA20: | 0.072875 | |
| MA50: | 0.068944 | |
| MA100: | 0.082536 | |
| MAexp7: | 0.079733 | |
| MAexp20: | 0.079394 | |
| MAexp50: | 0.078508 | |
| MAexp100: | 0.077292 | |
| Price / MA7: | +5.17% | |
| Price / MA20: | +9.78% | |
| Price / MA50: | +16.04% | |
| Price / MA100: | -3.07% | |
| Price / MAexp7: | +0.33% | |
| Price / MAexp20: | +0.76% | |
| Price / MAexp50: | +1.90% | |
| Price / MAexp100: | +3.50% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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