💥 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
No matter how you see it, $ETH is still forming a bullish structure.
A higher high, and now price is still well above the previous low.
In fact, price is currently sitting at a monthly FVG, exactly how the previous low bottomed.
It's good to zoom out sometimes.