[Crypto Market Outlook June 2021] Altcoin Potential Trade SetupsEducation Research 7 August 2021
Several setups on altcoin shall be presented. The setups will focus on intraday and daily movement for upcoming next week.
In the daily timeframe, XRP bounced from the bottom of a giant bull flag which confluences with 0.786 Fibonacci and 200 EMA on daily time frame, which was presented in last week outlook. In the intraday timeframe, seems that XRP has broken the Inverse head and shoulders pattern. It is likely that XRP can reach 1.35 USD soon.
Hedera Hashgraph/ HBAR
HBAR is currently consolidating at the bottom of the daily giant bull flag. Last week, HBAR failed to break 0.28 USD resistance. Further bullish movement is needed and once HBAR breaks 0.28, HBAR will continue trying to break the bull flag and continue its run towards 0.6- 0.7 zone.
Very likely go to 38, or even higher. However, Link needs to break the resistance in 29-30 zone first
Hedera Hasgraph/ HBAR
The giant daily bull flag made triple top. Most probaby bullish from here. Break above key resistance of 0.3 will accelerate the bullish momentum and breakout of the bull flag can bring HBAR to 0.6-0.8 zone