HBAR Breakout Imminent
HBARBTC has been consolidating in a falling wedge over the past 2 months, retracing nearly 36% from its prior rally (as of May 10).
This consolidation pattern corresponds to wave (iv) (corrective) of an 12345 impulse structure, so I expect HBAR to rally to new highs upon breaking out.
The On-balance volume and MACD DEMA are exibiting positive (bullish) divergence, while the RSI is exibiting hidden divergence.
Furthermore, the Stochastic and Sotchastic RSI are oversold and about to cross bullish. The last time this happened, HBAR rallied nearly 30% over the span of 7 days.
This consolidation pattern corresponds to wave (iv) (corrective) of an 12345 impulse structure, so I expect HBAR to rally to new highs upon breaking out.
The On-balance volume and MACD DEMA are exibiting positive (bullish) divergence, while the RSI is exibiting hidden divergence.
Furthermore, the Stochastic and Sotchastic RSI are oversold and about to cross bullish. The last time this happened, HBAR rallied nearly 30% over the span of 7 days.
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