💥 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
September 1 BTC Morning Analysis:
The current price of Bitcoin is 109,000. Yesterday, it showed a range-bound volatility trend, with a slight pullback in the morning session followed by a rise again, but the selling pressure above remains persistent. On the daily chart, the buying and selling volume is tending towards balance, and there has not yet been a clear trend breakout signal.
The four-hour chart shows that 108500—110500 is still the current core oscillation range. If there is no volume breakout in the short term, the market is likely to continue its sideways consolidation.
The overall direction today remains mainly in oscillation, with the key turning point to watch being the opening of the US stock market in the evening (around 2 AM Beijing time), which may trigger fluctuations in market sentiment.
It is recommended to operate by selling high and buying low in intervals:
Buy around 107500—108000, target around 109500.
Consider going long around 4340 for ETH, with a target near 4480.