💥 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
The beginning of a range from here?
WE DON'T KNOW YET AND I WILL WAIT
Honestly, it's still wayyyy too early to tell how this post-dump consolidation will play out.
However, if we make a quick retest of 71.5k tomorrow I might start a short trade, especially if ETH shows confluence.
Anyway, as you know, $BTC never moves in straight line so a choppy market is to be expected again.