The Trust Layer for Market Analysts

The analysis focuses on the long-term HBARUSDT chart, highlighting the significance of a descending yellow trendline since July highs, currently holding below. The price has not broken above this trendline. It suggests a moderate downtrend, discounting a flash crash wick. The recovery after the crash has not surpassed previous critical levels, indicating a reset. For a bullish scenario, the price needs to exceed the yellow trendline and a green signal line around 0.2180. The analysis shows Elliott Wave structures on a smaller timeframe. If HBAR holds above the red line at 0.1680, bulls may have a chance short-term. Until five waves above the signal line are seen, a lower low is possible, suggesting a sideways range. Support levels are at 0.1680 and 0.1560. Until five waves in yellow wave one are completed, support cannot be added for yellow wave two.