$HBAR: Hedera Update: Analysing News-Driven Rallies
HB chart shows a deep pullback after
that initial rally here yeah we had this
uh rally and I indicated already when
that rally was unfolding that these news
driven rallies and that rally was news
driven these catalysts um they generate
rallies yeah they can when the market is
prepared for it but they often lead to
so-called three-wave tops okay so
three-wave top happened again here um
yeah basically the top was formed on
Tuesday and we’re going to zoom in in a
minute let’s talk first about the
overall potential on this chart the main
problem on this chart is that the rally
that started in January last year was
only a three-wave rally so probabilities
aren’t clear but because we are in a
bullish Market overall in the crypto
space I’m leaning towards a bullish
outcome so what I can justify here is
the perspective of an ending diagonal in
a seawave
rally yeah so
$HBAR: Hedera Update: Analysing News-Driven Rallies
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