💥 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
Non-farm data, not a single good news!
The unemployment rate is below expectations and lower than the previous value.
Non-farm employment exceeded expectations and is higher than the previous value.
Annual and monthly wage growth surpassed expectations, which may impact CPI.
The labor force participation rate also exceeded expectations and is higher than the previous value.
U.S. employment has not continued to worsen, and wages are slightly above expectations.
Recession and rate cuts are further away from us...
Only the Consumer Confidence Index for January is declining. As for the US data, we dare not comment.