Alikze »» HBAR | Wave 3 or C bullish scenario - 1D
2024-11-16

🔍 Technical analysis: Wave 3 or C bullish scenario - 1D

  BINANCE:ADAUSDT    BINANCE:SOLUSDT  
  BINANCE:HBARUSDT   It is moving in a downward channel in the daily time frame.

- The previous wave has completed a full upward cycle, after which a corrective combined cycle has extended up to the 38 Fibo range.

- Currently, according to the movement structure, the first wave cycle has been completed and after that the second correction cycle has been completed in the range of 38 Fibo and it is currently in the microwaves of the rising wave 3.

💎 This motion cycle can occur after hitting the supply zone and a temporary correction leading to its failure to reach the ceiling of the previous module.

💎 Therefore, this movement cycle can grow more than 600%.

💹 Support zone: 0.06292 - 0.06965

🏹 Goals:0.33 - 0.56

⚠️ In addition, if a correction occurs, the range of this validation level should not be touched, if the range of the bullish scenario is touched, it will be invalidated. And it should be checked and updated again. ⚠️
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