💥 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
Yesterday I chased MO 500K, sold when it dropped to 150K because of differences in MO / LUMO names, and because Palu and Bibi, who previously exited, didn't perform well enough. Today, the bottom rose and broke 1M. The main reason is probably Binance's huge surge today, market sentiment is very good. When things are good, as long as the narrative isn't too bad or fake, everything can go up.