Hedera (HBAR) Life Cross, not what you think

24 בינו׳

A Life Cross has printed on the above 6 day chart after an explosive 700% rally.

A Life cross is often seen as a positive development for fans of moving averages. However a word of caution is advised, moving averages do not inform about the future, they inform you only of what has been.

A number of reasons now exist to be bearish on HBAR, they include:

1) Past RSI support confirms resistance.

2) Price action is at monthly resistance. Look left.

3) Regular bearish divergence. Just as before look left, you think this time is different?

4) All tradingview.com ideas are long:

HHBARUSDT/SKYLP

This will be the only short idea you’ll be reading tonight. Remember the the 90% are here to lose money, are you?

Is it possible for price action to continue up after 700%? Sure.
Is it probable? No.

Ww

27 בינו׳

עסקה פעילה

Resistance confirmed.

Many comments below are a perfect example of why emotion and money won does not result in money kept.

27 בינו׳

הערה

The red arrow, shortly after the sell signal print. Very cool.

Is it possible price go up? Sure.
Is it p-r-o-b-a-b-l-e ?? Pigs will fly first.

1 בפבר׳

הערה

The first target for this idea is 12 cents, or 60% correction from publication.

3 בפבר׳

הערה

price action wicks to 18 cents... a 46% correction from publication.

9 בפבר׳

הערה

A few asks if it is now a buy.
No, it isn't. Wait for 10 cents first. Then months of sideways consolidation, look left at the last long signal.