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Blockchain Weekly - Issue No. 6


BlockHash Research

March 22 · Issue #6 · View online

Covering the latest topics that move the market, chart signals that you should watch, the best low cap crypto projects and much more!

This week, I want to continue with the Hedera Hashgraph narrative as I believe there could be a huge investment opportunity here. There are a ton of rumors floating around and actual partnerships that are taking form worth noting.
The 1st thing I want to note is the U.S. Federal Reserve’s plan to build a digital dollar. This is going to happen one way or another. The key is how, when and with which technology? Hedera seems to be leading in these private discussions.
A company called Emtech is working with the Federal Reserve to create Digital Cash Infrastructure under the title “Project New Dawn”. This includes push payments, a “wallet” and debt neutral stimulus schemes. They have specifically tapped Hedera Hashgraph, and Microsoft and IBM seem to be involved as well.
You can do your own due diligence here:
Another thing to note is how Hedera Hashgraph is doing more transactions per day than Stellar, Binance Coin, Polkadot, Ethereum, Bitcoin and all the other major cryptos. Why? My guess is they have significant pilot programs being ran under the guise of Dapps. Let alone strong GitHub growth and development. Namely NASA, SUKU, Microsoft, Deutsche Telekom, IBM and others that are closely involved.
The fact is, Hedera Hashgraph is the real deal and could be a massive competitor for Ethereum’s lost market share. If so, then the price of HBAR (it’s native token) could see a significant price increase. But there are key thresholds that must be broken for this to happen sooner rather than later. So let’s discuss that.

Hedera Hashgraph (HBAR) ***PART 2***
Bullish Prediction:
HBAR is finally crossing the MACD moving average on the 4 hour chart, which could indicate the bulls are taking over momentum again. If that’s the case, the Pivots Traditional study will make us retest the $0.40 range and then eventually we could discover the $0.53 range at R2. I chose the 4 hour chart because the 1 day was too steep and I needed more bars to find new patterns.
Bearish Prediction:
There is strong resistance around $0.37 that does worry me. In my mind, we must clear this threshold first before saying the bulls are back in control. If we bounce down again, we could further correct to $0.30 and see a bearish penant or flag develop. So watch that threshold closely and wait for a clear breakout to occur before taking a large position.
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Stay tuned for the newsletter next Monday and thanks again for being a subscriber! Feel free to email me with any questions or suggestions you may have. Have a killer week trading!
Brandon Zemp
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