RLinda ! HBARUSDT-> Breaking resistance of the downward wedge

6 Sep 2022

HBARUSDT is trading in a bearish trend, but on the local chart we see the formation of a bullish set-up "descending wedge".

On the chart we see a breakdown of the descending wedge resistance and testing of resistance 0.0632, I expect that on the retest of this level its breakdown with the subsequent activation of orders and a strong surge in volumes is possible.

I assume if the price can consolidate above the previously broken resistance of the descending wedge, then there are all chances to see a good growth against the local trend. The potential of the pattern is quite high. The short-term target is resistance at 0.0674.

Regards to R. Linda!