HBARUSD has 3 bullish patterns stacked on top of eachother

18 jam lalu

The inverse head and shoulders in the light blue, the light tan is the bull flag, and the pink is the double bottom. Currently price is above the Bullflag and the Inverse head and shoulders pattern. The bullflag also counts as a descending channel pattern as well. We just recently retested the neckline of the inverse head and shoulders as exact wick support which is a good sign. All 3 should provide eachother with the bullish confluence needed for them to be validated, but in addition to this technical bullishness we have some fundamental bullishness occurring just recently too as NVIDIA just announced their new Blackwell chips — claiming them to be the future backbone of AI infrastructure — which are integrating verifiable compute which has its fundamental trust layer built on Hedera. This also provides great bullish confluence and heightens the probability these 3 chart patterns will all be validated and reach their full targets. I will keep updating this post as they do so. *not financial advice*

14 jam lalu

Nota

Just realized that I had my chart mode on logarithmic instead of linear for these patterns. What this means is these patterns are still in play, but as usual with logarithmic charts, they could take much longer to reach their breakout targets than if these were the chart patterns I found on the linear scale chart for hbar. Definitely an important thing to factor in. I have just posted another version of this chart on linear scale with the 3 bullish patterns and their targets adjusted for linear worth looking at too whenever you get a chance. I think the patterns are more or less valid on both charts but linear will hit the targets faster and linear targets are usually considerably lower than logarithmic charts are.

14 jam lalu

Nota

Already getting close to testing the double bottom neckline here.