💥 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
2.14 Saturday Afternoon Market Analysis
BTC current price is around 69,000
Short-term oversold rebound, medium-term bearish structure remains unchanged, mainly range-bound oscillation with light positions following the trend.
The 4-hour Bollinger Bands are narrowing and flattening, with the price stabilizing above the middle band, indicating a short-term bullish correction;
A golden cross has formed on the KDJ, volume is gradually increasing, and the rebound has already reached the upper band resistance. Liquidity is low over the weekend, and the market is slow.
BTC trading suggestion: Consider short positions around 69,000, take profit at 68,200-67,500, stop loss at 69,800.
Pull back to the 68,000–67,000 range, add long positions in batches, target around 69,800–70,800.