The Trust Layer for Market Analysts

The analysis discusses the Hedera Hashgraph (HBAR) chart, noting that it has been in a complex correction since late July. The analyst identifies a potential WXYXZ correction pattern but expresses low confidence in this structure. The correction is composed of corrective subwaves and overlapping price action. The analyst uses Fibonacci support levels at 0.206 cents to determine if the structure is still valid and it is still alive. A break above 0.254 cents would suggest a test of 0.28 cents, where there is strong resistance. The September low needs to hold. Analyst says that if the HBAR is moving, it can happen very quickly. He watches for a reversal from here. If price breaks the September low it opens the door to a larger correction and then 0.196 cents and 0.176 cents will come into focus. The analyst concludes that they cannot confirm a low yet and three wave move up from the low. If five waves are achieved, that is the first signal that wave 4 has bottomed.