💥 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
As expected! The CPI data came in positive, and Bitcoin is gradually approaching the 70,000 mark. The market never lets down those who are prepared! Do you remember what I said yesterday?
I mentioned that after the announcement, there would be a short-term rebound to 70,000! No need to force the pattern; you can't eat the whole fish at once! Steady traders around 6.9K can take profits and lock in gains! Putting profits into your pocket is what matters. The short-term rebound has been well managed!