💥 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
$META
It couldn’t clear $742-fibo78. That created a possible distribution setup risk. In 2021 the issue was fear of excessive CapEx spending. This time there isn’t the same fear because ad revenue is increasing; in 2021 it was seen as burying money in the grave.
At first, I think it will form a triangle like consolidation. But after the fibo78 rejection, I also can’t ignore the double top distribution pattern that’s showing up