HBAR / USD - Update - moving closer to 19-22 cents
First, we broke our previous all-time high, it was tested and became new support. Then we broke our resistance above that, it's been tested and has become support. We've broken out of the green logarithmic channel and re-tested the top of that channel. The purple channel is our next test, which would take us up to 19-22 cents.
With each move up lately, we're also forming little cup and handles. That appears to be happening again now, no drawing needed to see it.
This particular move up came with news that Quantstamp was working with HBAR on an NFT protocol that is very similar to that of Ethereum's most widely adopted, yet at a cost savings of 8000%. Also, two new major companies have recently been added to the governing council, which you can check on their website or twitter page. HBAR has outperformed Ethereum's daily transactions within 9 months of having launched the Hedera Consensus Service, and more recently launched the Hedera Token Service with a goal to tokenize everything using NFTs.
If we break up and out of that channel, significantly higher targets come into play, first 33-40 cents. Though presently, I'm still targeting 19-22 cents.
Related ideas linked below.
With each move up lately, we're also forming little cup and handles. That appears to be happening again now, no drawing needed to see it.
This particular move up came with news that Quantstamp was working with HBAR on an NFT protocol that is very similar to that of Ethereum's most widely adopted, yet at a cost savings of 8000%. Also, two new major companies have recently been added to the governing council, which you can check on their website or twitter page. HBAR has outperformed Ethereum's daily transactions within 9 months of having launched the Hedera Consensus Service, and more recently launched the Hedera Token Service with a goal to tokenize everything using NFTs.
If we break up and out of that channel, significantly higher targets come into play, first 33-40 cents. Though presently, I'm still targeting 19-22 cents.
Related ideas linked below.
