The analysis focuses on HBAR's 4-hour timeframe, noting it remains below the Fibonacci resistance area of 18.6 to 17.4 cents. The analyst explores potential wave formations, specifically considering whether the move up from the October low could be a wave one, followed by ABC corrective waves. He is not fully convinced, because, to him, it looks a bit like a five-wave move up, leading to a potential A wave, a B wave pullback into the Thursday low, and then it might be working on a C wave to the upside that might be extended.