💥 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
Is this the setup we've been waiting for or a clean fakeout?
Look how $B2 just broke out of that tight consolidation range around $1.11 yesterday. That was a nice volume spike, too.
But the pump up to $1.30 got smacked down instantly. That’s a huge area of supply.
Now, we're building another base right on the key breakout level of $1.15. See those little green candles stacking up? That's accumulation.
If this $1.15 holds as a new floor, we go back and challenge the $1.30 resistance again. That's the trade.
If it drops back below the old range at $1.11, this was just a quick run to clear out shorts and we are back to square one. Patience pays here.
#B2 #CommercialTradeConsensusReached