💥 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
$BTC
BE CAREFUL ⚠️
We could REPEAT this 2018 FRACTAL ⚠️
The way Bitcoin is behaving currently is very similar to a fractal that happened in November 2018, around peak capitulation.
A strong sustained dump, followed by a quick recovery then a slow grind down.
In 2018 price dumped strongly after that and made a clean bottom down below
Could the same pattern repeat?