💥 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
📣12/22 Ethereum market detailed analysis and operational advice sharing:
Currently, the trend shows that Ethereum is facing resistance around 3060, and a short-term pullback may occur.
From the four-hour Ethereum price trend analysis, the recent K-line prices show a fluctuating upward trend, with continuous bullish closes since December 19, especially after a significant rise on December 19 that formed a strong rebound. The current K-line is making slight adjustments at a high level, indicating that bullish forces still dominate, but it may face some pullback pressure in the short term. MACD: Both DIF and DEA are diverging upwards, and the positive area is expanding, indicating that we are currently in a bullish market with strong momentum. The RSI is currently at 63.1, close to the overbought zone, so we need to be cautious of short-term pullback risks, but overall it still leans towards bullish. The EMA7 period EMA (3022.5) > 30 period EMA (2985.5), and the 120 period EMA (3033.4) has been broken, indicating that both the short-term and medium to long-term trends are bullish. After a surge to 3060.39 at 08:00 on December 22, a pullback occurred, and trading volume gradually decreased, showing a weakening willingness to chase prices. Overall, trading volume increased during the upward process, indicating signs of capital inflow.
12/22 Ethereum stable return operation suggestion sharing:
It is recommended to enter long positions as Ethereum pulls back to around 3020-3030, with target points: 3070-3100-3130.
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