Technical analysis by RogueEconomics about Symbol HBAR: Buy recommendation (2/17/2025)

Seems to me that the HBAR correction we're watching is forming a falling wedge down into what the volume profile shows as a very significant volume spike.Notice as well, the wedge pattern is forming off a very significant dip (2nd biggest in approx 12 months) and this very low RSI reading is unlikely to be broken. If HBAR breaks the 18 cents mark but puts in a higher RSI, as long as it respects the support vector of the wedge (and, more broadly, the lateral support vector of that big volume influx), then we should end up with a very bullish outline that shows a big falling wedge along a big RSI convergence pattern that forms atop a significant support vector comprised of the big volume influx.A very bullish outline overall.My view here is that you should DCA into the 18 cents mark and put your stop somewhere below it in case the market cucks us all.Good luck and happy trading!