💥 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
$ETH Overall price action has been awful this cycle but the levels have been very clean.
We've had this $2.1K and $2.8K area marked out for a long time now and these keep getting respected extremely well.
So there's no need to overcomplicate. Currently in the $2.1K-$2.8K price range which we've spend a lot of time in already.
Lose this and $1.8K would be next. That's the breakout level from before the large rally driven primarily by Tom Lee/Bitmine.