💥 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
Bitcoin continues to fall, while altcoins are aiming for a rise. There's a concentration of LONG positions below $65,000 in $BTC futures. $BTC may want to absorb this liquidity, after which it will likely be on the bullish side. In altcoins, there are no LONG players left. The expected rises should begin now...
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