💥 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
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We've got a local bottom trying to confirm here in the short-term, testing the track line on the 4HR with a shaded squeeze still pending a move. The key here is watching for a close above the track line. We haven't had that happen in weeks so if it does, then it's a great sign for a possible recovery, or at minimum, some relief. Definitely something to watch.