Hedera (HBAR) Life Cross, not what you think
2025-01-25
Category: None

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:

www.tradingview.com

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