Hedera

HBAR (Local) Elliot Wave ii Underway

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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 -$0.12556

Safe trading

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