💥 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
Tonight at 9:30, ETH trading experienced significant fluctuations, but the price movement was relatively small. This indicates that both bulls and bears are currently in a stabilization phase, and today is Friday. Therefore, the bearish support is at 1942, with resistance at 1990. My personal view is that tonight will be a sideways market. Currently, the 2-hour K-line has stabilized in the oversold area, and on the 4-hour K-line, there is a pattern of an initial rally followed by a sharp decline.