Potential Break Out Of Months Long Resistance Very Soon
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Short-term chart patterns/ Technical indicators point towards HBAR breaking out of months long resistance (blue line on price chart).
Bullish:
Chart Patterns: -Cup and handle (purple) formed points to $0.297 target -Symmetrical triangle (orange) targets are between $0.327 and $0.321 -Previous cup and handle pattern met (black), likely that current cup and handle will meet its target
Technical Indicators: -MACD has formed red/white histograms and about to have a bullish cross -Stoch RSI crossed bullish after bottoming out -RSI bounced off short term support
Bearish: -Small bearish divergence formed on the RSI (yellow circles/lines)