Tobias Reily @orbitalnewt: "𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗻𝗴 𝗛𝗕𝗔𝗥 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝗮𝗿..."

United Kingdom

𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗶𝗻𝗴 𝗛𝗕𝗔𝗥 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝗮𝗿 𝘁𝗲𝗿𝗺: It's been a while since I provided any analysis on $HBAR , which is my top holding. It's looking like Wave 1 and Wave 2 are complete and that we are heading into a Wave 3 now. In Elliott Wave theory, Wave 3 is typically the strongest and longest impulse, particularly in speculative markets like crypto where momentum accelerates quickly. It often extends to around 1.618 times the length of Wave 1, and in powerful trends it can even stretch to 2.618 or more. This wave usually attracts the highest volume and strongest participation, reflecting widespread conviction in the move. While Wave 3 can occasionally be similar in size to Wave 1, in crypto it is far more common for it to be much larger due to the strength of trend continuation. 1.618 = 49c, just underneath a resistance zone I marked out which is around a few of the highest candle closes in 2021. That 49c could mark this wave top. However, I am expecting this next month or so to be powerful for alts! So 67c is a real possibility if the fomo balls starts rolling. This is the 2.618 extension. The transparent purple bars are pasted over from a wave in 2021, taking us between the two fib levels, around 63c if things play out similarly. The 2.618 isn't a ceiling, but more of a projection of probability. I would love for HBAR to stretch higher, and if we do get a 5th wave then we can certainly look for a dollar but it all depends on other indicators that I examine. On the trendicator, we can see buy signal triangles as the price. Now we await the price to break above sand into blue water and bullish conditions. $FET $SOL $NSDQ100 $BTC

5 Mentioned

HBAR

Hedera Hashgraph

FET

Fetch.ai

SOL

Solana

NSDQ100

BTC

Bitcoin

Strictly Necessary Cookies

Performance Cookies

Functional Cookies

Targeting Cookies