💥 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
$PI The chart below is a 4-hour candlestick chart. Using this large bullish candle as a reference, the current correction has only reached about halfway. As long as it doesn't fall below the lowest point of the bullish candle, there is still a possibility of an upward move. Based on my experience, it will go up. Although it hasn't broken free from the downtrend yet, on the 4-hour chart, several of its moving averages are starting to turn upward.