Technical analysis by jazziej about Symbol HBAR: Buy recommendation (12/16/2024)

HBARUSD is displaying all text book bullish definitions!! Volume spike on run up and volume reducing as it forms the bullish flag. RSI and ATR has cooled down and less volatile. Forming a pressure point which could explode to the upside if it remains bullish which is the likelihood.Even despite the current alt coin downturn, HBAR has held up and has not retraced back to the lower support levels. It looks like it is trying to break through again. To be successful it must break through the big volume profile nodes (circled) which will be points of resistance. Keep an eye out for how price action will react at these levels.