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Technical analysis by Maddox_Metrics about Symbol HBAR on 6/1/2025

https://sahmeto.com/message/3569796
Maddox_Metrics
Maddox_Metrics
Rank: 32185
0.5

HBAR (Local) Elliot Wave ii Underway

Neutral
Price at Publish Time:
$0.16492
،Technical،Maddox_Metrics

HBAR appears to have completed a leading diagonal for wave 1 after finding a bottom at the major support high volume node (HVN).Wave 2 has retraced the expected 61.8% Fibonacci but alt coins have their own Golden Pocket at the 78.6% retracement which aligns with the S1 pivot and high volume node.The descending resistance line has been tested as support leaving a doji but does not look strong enough to be the bottom yet.Wave 3 should be a powerful move up.This analysis is invalidated below macro wave 4 -$0.12556Safe trading

Source Message: TradingView
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