#HBAR/USDT - Long - Potential 235.29%
Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_HBAR
Exchange: BINANCE
Timeframe: 360
TP1: 0.2404
Entry: 0.0733
STOP: 0.0316
Major HBAR rally after "Dropp," a Hedera-based micropayments platform was added as a service provider to the FEDNOW payment service.
This is an interesting development as Drops lets users pay in HBAR or USDC through the FEDNOW infrastructure demonstrating that HBAR is firmly in the cool club with the institutions and regulators. This will massively boost transaction volume and drive demand.
Combine this with daily active accounts increasing almost 300% year to date and HBAR looks a solid bet for continued growth.
In terms of the technicals this looks like a classic early stage bull market move. Definitve break of all moving averages after a massive volume spike. Zoomed out we can see massive upside potential, I'm targeting the fib 0.382 for Q1 2024 but I'm sure price can reclaim $5 if we get another major bull cycle in 2024. Realistically this is a great moment to be accumulating solid crypto projects with real world applications.
Market: Spot
Risk: 0.25% - 1%
#USDT_HBAR
Exchange: BINANCE
Timeframe: 360
TP1: 0.2404
Entry: 0.0733
STOP: 0.0316
Major HBAR rally after "Dropp," a Hedera-based micropayments platform was added as a service provider to the FEDNOW payment service.
This is an interesting development as Drops lets users pay in HBAR or USDC through the FEDNOW infrastructure demonstrating that HBAR is firmly in the cool club with the institutions and regulators. This will massively boost transaction volume and drive demand.
Combine this with daily active accounts increasing almost 300% year to date and HBAR looks a solid bet for continued growth.
In terms of the technicals this looks like a classic early stage bull market move. Definitve break of all moving averages after a massive volume spike. Zoomed out we can see massive upside potential, I'm targeting the fib 0.382 for Q1 2024 but I'm sure price can reclaim $5 if we get another major bull cycle in 2024. Realistically this is a great moment to be accumulating solid crypto projects with real world applications.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.