💥 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
If we get any kind of multi-week basing structure inside this grey box, I think it's quite likely that forms the bottom.
Macro conditions continue to become more favourable for $BTC, with QT behind us and more expansionary policy becoming the norm again.
No need to buy the bottom exactly; just patiently waiting for the market to show where demand is, and then swim with the tide again.