💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
U.S. stocks, gold, silver, Bitcoin$ETH , consecutive crashes!
This is not a bear market in the crypto world; it's a massive crash in global assets, indicating that a global liquidity crisis is brewing and erupting!
As the most sensitive and delicate canary in the coal mine, the crypto market is affected. When U.S. stocks and gold rise, there's a bloodsucking plunge; when U.S. stocks and gold fall, there's an even more panic-driven crash!
In short, one sentence: when the world has no money, the small pond of the crypto market will be infinitely siphoned by the ocean. Before the Federal Reserve significantly cuts rates, expands its balance sheet, and starts flooding the market, every rebound is a chance to escape.
Bitcoin's $50,000 bottom and ETH's $1,400 bottom will be touched first!
As for whether there will be lower bottoms, it depends on whether the crypto market itself will erupt with black swan events similar to the Luna and FTX collapses under this high pressure!