💥 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
🐋 WHALE WATCH: Descending channel breakout confirmed for $OM on the 4H timeframe.
We’ve been tracking this "PARALLEL CHANNEL" for weeks. Price has finally reclaimed the $0.06 level as support. If we hold this retest, the path to $0.082 is wide open.
Current targets:
=> T1: $0.072
=> T2: $0.085+
Keep an eye on the RSI, but the bulls are clearly in control here.