💥 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
BTC is still consolidating around $67,000.
The US stock futures index declined today, while the VIX index is above 21.
Pre-market stock trading information:
▫️Nasdaq futures down 0.42% 🔴
▫️S&P futures down 0.33% 🔴