Monitoring a possible leading diagonal move on Hedera HBAR

As you can see in Fig. A, HBAR has often printed some nice, recognisable diagonal patterns (in this case, A was a leading diagonal for a nice 5-count rally).



I believe we have another such diagonal forming now at Fig. B

It's clear that this is a slightly smaller pattern, suggesting a degree lower (I have labelled the first one as intermediate and the recent pattern as minor respectively).

If this is the case, I believe there is every reason to believe that we are about to see HBAR assert itself and embark on a Wave 3 extension - this means that the diagonal rally at B would be wave 1 and we should expect a further rally with wave 3 starting soon and running 1.618 at least of Wave 1 and Wave 5 probably being parity with Wave 1 for length.

Standard elliot wave estimation.

However, we should bear in mind that crypto often involves significant variance on these base estimates so, I'm expecting a really good pop in the near future.

Trade safe!