The analysis focuses on HBAR/USDT, noting a dip into a Fibonacci support zone. The speaker observes a pullback and prefers a bullish blue scenario, tracking potential wave formations. A 1-2 wave pattern is identified, suggesting a wave three in the making. A key support level is located at 0.206 USD. Resistance is anticipated at 0.28 to 0.29 USD. A break above a yellow trendline is needed as an initial indication of a turnaround, with a break below the 0.206 USD level potentially leading to a switch in wave counts and a move down to the 0.152 USD level.