$HBAR - Macro perspective of the Elliott wave.
The structure from the lows of 2023/24 to ~$0.40 can be interpreted as the Major Wave 1, with all the decline since then developing as a corrective A-B-C wave of Major Wave 2.
A → ~$0.14
B → ~$0.30
C → potentially completing around the current macro support region.
If this count is correct, what comes next is the part that matters:
Major Wave 3.
The invalidation is clear. The bullish asymmetry is not small.
$HBAR does not need to look bullish here. The bottoms of Wave 2 rarely do.
Watch closely.
$HBAR
The structure from the lows of 2023/24 to ~$0.40 can be interpreted as the Major Wave 1, with all the decline since then developing as a corrective A-B-C wave of Major Wave 2.
A → ~$0.14
B → ~$0.30
C → potentially completing around the current macro support region.
If this count is correct, what comes next is the part that matters:
Major Wave 3.
The invalidation is clear. The bullish asymmetry is not small.
$HBAR does not need to look bullish here. The bottoms of Wave 2 rarely do.
Watch closely.
$HBAR
