# HBAR Analysis- $HBAR By [3HOUSE](https://paragraph.com/@3house) · 2023-03-28 --- **Author: 3HOUSE user** **@Aaron\_S** Fundamental: ------------ HBAR is a cryptocurrency that is built on the Hedera Hashgraph platform. Hedera Hashgraph is a distributed ledger technology that uses a unique consensus algorithm called Hashgraph. HBAR is designed to provide a faster, more secure, and more efficient way of conducting transactions compared to traditional cryptocurrencies like Bitcoin and Ethereum. One of the most significant advantages of HBAR is its speed. Transactions on the Hedera Hashgraph platform can be confirmed in seconds, compared to several minutes or even hours for other cryptocurrencies. This is because Hashgraph uses a consensus algorithm that allows for high-speed transactions without compromising on security. This makes HBAR an ideal choice for businesses that require fast and secure transactions. Huge advantage of HBAR is its scalability: The Hedera Hashgraph platform is designed to handle high volumes of transactions without slowing down or experiencing network congestion. This is a crucial feature for businesses that need to process large volumes of transactions quickly. HBAR security is on different level. The Hedera Hashgraph platform uses a unique consensus algorithm that ensures that the network cannot be compromised by a single bad actor. This makes HBAR an ideal choice for businesses that require high levels of security. HBAR is also designed to be energy-efficient. Unlike other cryptocurrencies like Bitcoin and Ethereum that use a proof-of-work consensus algorithm that requires significant amounts of energy, the Hedera Hashgraph platform uses a consensus algorithm that is much more energy-efficient. This makes HBAR a more environmentally-friendly choice compared to other cryptocurrencies. HBAR can be used for a variety of applications, including payments, identity verification, and supply chain management. The Hedera Hashgraph platform is designed to be flexible and can be used to build a wide range of applications. One of the most significant advantages of HBAR is its governance model. Unlike other cryptocurrencies that are controlled by a small group of developers or a single organization, the Hedera Hashgraph platform is governed by a council made up of some of the world's leading companies and organizations. This ensures that the platform is governed in a transparent and fair manner, which is important for businesses that require a stable and predictable regulatory environment. HBAR has been gaining popularity in recent years, with more and more businesses and organizations using the Hedera Hashgraph platform to build decentralized applications especially right now when we are watching AI technology growth. This has led to an increase in the value of HBAR, which has made it an attractive investment for traders and investors. In conclusion, HBAR is a cryptocurrency that is built on the Hedera Hashgraph platform. It provides a fast, secure, and efficient way of conducting transactions, making it an ideal choice for businesses that require high-speed and secure transactions. HBAR is also highly scalable, energy-efficient, and has a flexible governance model. As more businesses and organizations adopt the Hedera Hashgraph platform, the value of HBAR is likely to continue to increase, making it an attractive investment for traders and investors. Technical Analysis ------------------ Before we move straight into $HBAR price prediction we need to carefully look at the market itself. Let’s start with overall look at **S&P and DXY**. ![](https://storage.googleapis.com/papyrus_images/1b0543a49df6815582d9d7b7c8761db1a382bf0893d5b36a58468490e9bffe02.png) As we see on screen above, we finally broke above descending wedge and bounced off resistance in order to retest breakout once again. This is a good sign for entire point or market since Cryptocurrencies follow stock market. This gives us first bullish signal for rest of the year, however now its still chance that we will see 1 more drop based on US dollar index ![](https://storage.googleapis.com/papyrus_images/8309b48707178a1727093d3bd9a330daf65f1cfa392e603a73cb599490f87861.png) US Dollar index recently hit strong support and bounced off it. Its not the best sign if it bounces back and breaks support created by orderblock marked on chart. I still hope that we will break lower soon with economy doing better slowly and will make crypto market move to the topside. ![](https://storage.googleapis.com/papyrus_images/44d130054cb8181c6770ac2b9d63b6223f360ef7b3a0cccc750607ab623d2c0d.png) Overall there is short-term bearish and bullish signal from the BTC on screen above: we have liquidity to be taken above 29340 level and squizz shorters from market and also daily fvg to fill in order to get further movement to the topside. In order to healthy expand to the topside we need drop to 25200-25400 level first. This overall situation is crucial for my HBAR analysis that I will present you below. ![](https://storage.googleapis.com/papyrus_images/e7b0663ab32730746f5fe39603aa4c6d68f7b7c432542bdbe7facf474b491849.png) First scenario is if we manage to drop lower. I would aim to enter at liquidity wicks between **0.0552-0.0530** with manual **SL around 0.048**. We also have strong bullish ob created with big spiking ignition candle with huge volume that creates solid support we would want to base on in this scenario. We dropped down to fill imbalances already so I don’t see any point of going lower except being pushed with BTC and market overall into our entry. Aiming for previous local high in order to reject from it, with clearing 60% of our position along the way in order to secure profits. * Our tps along the way would be: *   a) **0.0685$ for 30% trim, SL AT ENTRY !!!** *   b) **0.0795$ for 30% trim** *   c) **0.0918$ for clearing remaining position.** Trade based with 5.81 R:R which I find really interesting and promising in upcoming days. ![](https://storage.googleapis.com/papyrus_images/c11b5ed1f24cf532392b43d0b8abde8d61cbe861afdb92c9f9315f0aaa33f39a.png) second scenario is **SHORT** position. If we manage to grab liquidity from 29500~ level from bitcoin and make $HBAR push to the topside in order to hit our Entry. **Once entry at: 0.0685$** hits we would want to reduce our exposure to further push by setting tight **SL at 0.0718$** just above OB with some room left for potential scam wick and short squizz. Our tps along the way would be: * **0.0624 for 40% trim, SL AT ENTRY** * **0.0546 for clearing remaining position.** **When it comes to RSI we are in the middle of buying and selling side of market. There is still higher probability we will drop lower and make market oversold in order to bounce from this state into healthy pump. However as you can see on RSI indicator we are touching slight resistance on it which might be broken at activate second scenario.** **Giving 2 options for HBAR gives us opportunity to get into trade no matter what happens to market overall. Alts are not performing really good recently since bitcoin dominance on market is really high. All of those scenarios are based on SMC concept and are not using patterns only clear PA and in-depth market look. Please always risk what you are willing to lose and don’t re-enter lost positions.** In conclusion: HBAR is insane base for every AI project. As we know recently all of those projects spiked heavily and and performing really good on market. There are no points on daily chart at which I can see price being pushed by. No imbalances and divergences gives it much more room to operate and not be pushed lower. Our trade would be hedged at some point after securing profits from BUY position. I still think that we will see push to the topside first to prop our SELL position, then we will drop lower to hit BUY entry and continue to expand further to the topside. Even if we don’t manage to go and take liquidity from 29400~ bitcoin level we still have limit entry at **0.0552-0.0530.** Although if we manage to get into $HBAR SELL position entry it will be because of btc LIQ grab and then we can continue to drop to activate our $HBAR BUY position. This is not Financial advice, trade at your own risk! ABOUT 3HOUSE NFA NFA is a showcase of the high-quality alpha shared on 3HOUSE and an opportunity for the development team to recognize and celebrate the well-researched and expertly-constructed predictions made by some of our 3HOUSE community members. **Important note:** Despite yielding positive returns for many investors, as the name states, NFA is Not Financial Advice and does not guarantee any results. NFA is merely to inform investors of potential market movements and general sentiment. Always do your own research. --- *Originally published on [3HOUSE](https://paragraph.com/@3house/hbar-analysis-hbar)*