HEDERA (HBAR) has increased nearly 5 % in the past 24 hours as it tries to break the mark of $ 0.20 for the first time in two weeks. The last high prices come amid the improvement of the technical signals that pulled into a possible transformation in the direction.
Despite continuous recovery, HBAR still faces the main resistance levels and a declining background that has dominated recent weeks.
Hedra Bbtrend recover, but it is still negative
BBTRand is currently sitting from HEDERA at -1.85, and a recovery appears from -3.44 yesterday, despite its recent height to 0.96 two days ago.
This last movement indicates some short -term improvement in price momentum after the last negative pressure. However, the general trend is still negative as Hydra is struggling to keep any everlasting rising signals.
The indicator highlights how the distinctive symbol tries to recover, but it is still stuck in a wider style of weak momentum.
BBTRand (Bollinger Band Trend) measures the extent to which price procedures are deviated from the Bollegerer Center, which helps to assess the strength and direction of trend.
Usually, the above values refer to the upward conditions, while the values below indicate a declining momentum. With HEDERA currently at -1.85, it indicates that the declining pressure is still present, despite the last bounce.
More importantly, HEDERA has shown difficulty in maintaining strong positive levels for a long time – the last time it exceeded BBTREND 10 on March 6, with highlighting the extent of the rapid climbing momentum in recent weeks.
Hbar Ichimoku Cloud explains that the trend can turn, but there are challenges in front of it
The Ichimoku cloud chart of Hedera displays some early signs of recovery, as the price has been broken over the blue-sen blue line and is now testing the bottom of Red Kumo (Cloud).
The price procedure has moved to the cloud after trading under it for a long time, which can be considered a shift from calm to the most neutral conditions.
While the price trying to climb to the cloud indicates that the pressure pressure weakens, it still faces resistance from the thick part of the compound above the current levels.
The coloring of the cloud (red) indicates that the broader trend remains under pressure, despite the last upward step.
Ichimoku cloud, or kumo, is a multi -component indicator highlighting support, resistance, direction direction and momentum at one glance. When the prices are lower than the cloud, they indicate the hybrid conditions, while the prices are above the upward morale of the cloud signal.
The trading inside the cloud usually indicates a stage of unification or frequency in the market.
In the case of HEDERA, the location of the distinctive symbol inside the cloud indicates that he is trying to neutralize the last declining momentum but has not yet turned into a clear upward trend.
Until HBAR can fracture firmly over the upper edge of the cloud, the potential of the upward trend may remain covered with resistance.
Will it make the golden cross dear?
The Hedra EMA lines still show a general phone preparation, as EMAS continues in the lower direction. However, the short term Emas began to slope up and can soon cross over the averages in the long run, which may form a golden cross.
In the event of this bullish intersection, this may lead to a stronger escalating step, as the first resistance level sits at $ 0.199. The rest over this level can open to other gains about $ 0.215, and if the upscale momentum is accelerating, the HEDERA price may aim to $ 0.258 in the upcoming sessions.
Instead, if the bullish momentum fades in the short term and the golden cross fails to achieve it, the declining pressure may resume. In this scenario, HBAR may return the main support levels at $ 0.184 and $ 0.178.
A decisive break below these levels may return to a return to less than $ 0.17, which enhances the declining structure.
Disintegration
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