$HBAR 4Hr timeframe

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On the 4-hour timeframe, the HBAR coin chart shows several key technical patterns and indicators:

- **Symmetrical Triangle Pattern**: Posts on X suggest that HBAR has been forming a symmetrical triangle, which often indicates a period of consolidation before a significant move. This pattern is characterized by lower highs and higher lows, converging towards a point.

- **Bull Flag Formation**: Recent analysis indicates that HBAR has formed a bull flag, suggesting that after a consolidation phase, the price might break upwards towards new highs. This pattern is typically bullish, indicating potential continuation of the previous uptrend.

- **Elliott Wave Analysis**: There's mention of an Elliott Wave triangle potentially breaking out to the upside, with the price possibly extending further. Analysts have pointed out that wave (4) could be complete, with wave (5) aiming for higher levels like $0.472.

- **Support and Resistance Levels**:
- **Resistance**: The key resistance level to watch is around $0.20, which has been highlighted as significant in the macro chart discussions.
- **Support**: If HBAR falls below $0.275, it might lose its bullish momentum on shorter time frames. A further drop could see support at $0.20, as noted in some posts.

- **Momentum Indicators**: The 50 EMA (Exponential Moving Average) is being watched for a potential retest before any significant move, which would be in line with the bull flag pattern.

- **Price Targets**: Short to mid-term targets have been set around $0.46, which would represent a 48% increase from current levels, according to some X posts. Other potential targets include $0.472 if wave (5) in Elliott Wave theory holds.

- **Current Sentiment**: The community sentiment on X appears bullish, with many users and analysts suggesting that the current patterns indicate a continuation of the uptrend, although with caution about possible short-term corrections or consolidations.

In summary, the 4-hour chart of HBAR indicates a potential bullish continuation with key patterns like the symmetrical triangle and bull flag. However, the price action around support and resistance levels will be crucial for confirming these patterns. Remember, crypto markets are highly volatile, and while these patterns suggest potential moves, they are not guarantees. Always consider broader market conditions and news that could impact sentiment and price.