💥 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
ETH
Ethereum is currently in a corrective state on the four-hour level. Night trading should focus on the two key resistance levels above: 2567 and 2600. If the price rebounds but fails to effectively break through these two levels, the corrective trend is likely to continue. The important support level below is 2410, which can be viewed as a potential entry point for long positions during a rebound. It is worth noting that only when the closing price of the four-hour candlestick breaks above 2600 can we confirm the end of the corrective phase on the four-hour level, at which point the market is expected to start a new round of upward movement. Therefore, it is not recommended to blindly set long positions before the four-hour closing price breaks above 2600.