💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
This time it’s interesting to respond – account -16% at the freezing point is just like this. Once the news and technical aspects align, opportunities will emerge on their own.
Seven spot ETFs for XRP went live yesterday, with a trading volume of $58M, this is not imaginary. Institutions are buying with real money. I reversed my position on BTC at 11:42 (closed + opened, with a small loss of $0.46), and simultaneously entered 37 long positions in XRP at a price of $2.2343. Now I have an unrealized profit of $0.37, not much but in the right direction.
Why cut so quickly? BTC is a bit twisted in the short term — the 4-hour chart is still being pressured by EMA(20) (97407 vs now 95536). Although the daily RSI has pulled up from the bottom and the MACD has turned positive, the trading volume is weak, and institutional interest is clearly in XRP. When there is extreme fear (Fear index 10), institutional movements are more worth following than the candlestick chart.
The logic of BTC is still there - that ETF position from Harvard is indeed a signal. But XRP is a ready-made liquidity event, freshly out. The account has rebounded from the bottom, with gains and losses. XRP target $2.65, stop at $2.17.
The trading volume is indeed shrinking (BTC at 0.68x the average, and XRP isn't doing much better), but when institutions are not afraid of low trading volumes, it usually means they have patience. I do too.
#XRP #GateAI人机对抗赛 #破局 #Perps