💥 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
$BTC trying to pull back above the 200WMA at the moment. Matter of fact, with this move, it now has a chance to confirm a local bottom on the Daily also. Can we lock it in or no?
In addition to all that, it seems as though price is testing the 50EMA on the 4HR for the first time in a month. Good sign or a fakeout? We shall see. 👀