HBAR working on its 7th consecutive green candle.

27 במרץ 2022

It is overdue for a red daily candle, but its pump thus far has been impressive. The yellow horizontal trendline represents the neckline of the double bottom pattern the price action is currently painting. Odds are good it will trigger this double bottom in the near future but I anticipate a slight pullback prior to that. Of course it could defy that probability and continue to just churn out more green candles but odds of an overdue pullback occurring are likely. In the medium term I think it will trigger this double bottom soon enough. First things first it needs to maintain the 1 day 50ma as solidified support. *not financial advice*