💥 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
From the four-hour perspective, the big cake shows a pattern of two consecutive bearish dips. A strong bearish candle has forcefully broken through the middle band of the Bollinger Bands, and the downward momentum has clearly slowed down. Currently, the momentum of the k-line has significantly weakened, with clear signals of a stop in the fall, indicating that the overall trend is very likely to start a gradual upward movement.
It is recommended to buy on a dip at 107200~106300, with targets at 109800, 111800, and 1138000. If it breaks through, continue to look upwards. #今天你用Gate保险箱了吗? $BTC $ETH $GT