Crypto Contest June 22: Hedera

M
maarnio

Hedera (Binance: HBARUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, HBAR began a red wave one advance on December 31, 2022. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 12 this year and the red wave two (blue sub-waves a-b-c) correction ended on June 10. If this wave count is correct, HBAR should be heading next towards the February 12 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Hedera is an open source, leaderless proof-of-stake network that powers the next generation of the web. NCashOfficial reviewed the project today.

(Sources: https://hedera.com/)

How Will Hedera Trade?

Hedera (Binance: HBARUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below

HBAR will takeout the February 12 peak

HBAR will drop below the December 31 low

HBAR will stay in a trading range between the December 31 low and the February 12 peak until July 28

Comments