—- Mid-term Analysis for the next coming 4 weeks to 3 months – Daily on Daily Chart (LOG)——-

HBAR/USDT: Get ready for recovery soon !

Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset Hedera (HBAR) is suffering about negative global market situation, however the recent progress in term of technologie adoption (Graph, bridge, storage, stacking) offer today an opportunity to enter in the next phase of HBAR Recovery

Main ressources

Coin Market cap (Supply) => https://coinmarketcap.com/currencies/hedera/
HBAR Stacking (44% APY) => https://hedera.staderlabs.com/lt-pools
HBAR Wallet (HASHPACK) => https://www.hashpack.app/
HEDERA (Website) = > https://hedera.com/

Market configuration

– Graphical Elements :
Graphical Resistance = 0,2580 & 0,57
Graphical Support = 0,0830

– Mathematical Indicators:
EMA ( Exp Moving averages) are capping the market at 0,1450 = Bearish
RSI indicator (below) is bouncing off but still below 50% – However it reached an extrem level like early 2020 = Pre Bullish signal

– Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B has been already reached = 0,0730
Fibonacci support of the wave c B (max extension) = 0,0640
Fibonacci Bullish Target = 0,1450 and 0,2580
Fibonacci Bearish Target = 0,0440 and 0,0250

Conclusion

Prefered case => HBAR is now expecting to accumulate bullish momentum on current level as long as 0,0640 remains support to develop a significant recovery towards 0,1450 and 0,2580 !

Alternative case (ii) => In case of 0,0640 support breakout the rise will be invalidated opening 0,0440 support area