💥 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 chart truly looks nice, just as I expected last week.
I have remapped all my levels to give you a better view on $MON.
As you can see, we held support and the price is clearly trading in a bullish structure locally.
As long as we hold this structure, we should aim for higher prices!