💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
11.9$BTC $ETH Afternoon Market Analysis
The weekend has been in a volatile market, and the overall strategy still focuses on low volatility.
On a small scale, after the price dropped again near 99000, it quickly surged, indicating strong support below. Although the price rose to 104000 and experienced some pullback, there is no need to panic. It is evident that profit-taking is occurring from uncertain holders below. Technical indicators show that the KDJ three lines are converging, with a clear upward trend. The price has stabilized above the EMA monthly line and is making a push towards the weekly line. The upward momentum is gradually weakening, while the downward momentum has an advantage, making it a good opportunity to buy at lower levels.
Bitcoin
Operational suggestion, 101800-100800 do
Target looks at, 103000-104000
Concubine
Operational suggestion, 3400-3350.
Target looks at, 3550-3600#CryptoMarketPullback #BitcoinPriceAnalysis #CryptoMarketWatch #ShowMyAlphaPoints #CommercialTradeConsensusReached