💥 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
When things reach an extreme, they tend to reverse; when adversity reaches its peak, prosperity follows. #Bitcoin This recent decline can basically be understood as a temporary pause in the cycle. When market sentiment collectively turns extremely pessimistic and everyone is bearish, it is often the night before a trend quietly begins to reverse. Bottoms are never announced with loud drums; they usually develop slowly when "everyone doesn't want to look at the charts."