Should you buy Hbar as charts indicate a big breakout soon?

Hbar recorded a growth of 6% on Thursday. The coin had tried to break out of the upper trend line several times this week. This allowed him to weaken the resistance: now there would be a breakout at any time.

Hbar has been trying to break out since September. An imminent eruption could soon involve some major movements.

  • Hbar has formed a symmetrical triangle after a sharp rally this week and is now on the verge of breaking out.

  • Hbar has been in a strong upswing trend since October and has reached ständig höhere highs. This is a big-like structure and a sequel is likely. 

  • An outbreak was prevented on Wednesday and Thursday. However, the upper trendline will not be able to block the breakout for too long, which is why the coin will probably break out soon.

  • Hbar has consolidated this week, which also indicates that it is preparing for a huge breakout.

  • The 50-day moving average sets the price. Therefore, a collapse is not to be expected.

  • A bullish RSI divergence can be seen. In addition, the RSI also rose sharply on Thursday, which indicates that the purchase volume is increasing sharply. 

  • An entry would be a good idea after the breakout above the level of 0.46 USD (0.46 Euro). 

  • Set your stop loss at $0.414 to avoid losses in the event of a false breakout.

Conclusion

Hbar could be a great value for investors who want to get in early to make a profit. However, investors must wait for a breakout before investing. Investors should also set a stop loss, as there could be a shakeout at any time.

Should you buy Hbar, as charts indicate a big breakout soon? appeared first on Coin Hero.

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