💥 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
$SPX ES1
The longer we distribute in this area, the higher the liklihood we break down and deviate this multi year channel structure
Most likely will be a breakdown/deviation than should be bought
The buzz feels gone in stocks and crypto has LED into the bear market which it often does and the trad-fi is often 6-12 months behind