💥 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
It should be good news! US consumer confidence in January has decreased again! After three consecutive rate cuts in Q4 last year, consumer confidence in January has significantly declined and is well below expectations. It seems likely that the January CPI will not rise and may even decrease. The January CPI will be released on February 11, which could be a positive signal. The weak employment situation combined with the lack of CPI rebound or even a decline after rate cuts reduces the Federal Reserve's resistance to further rate cuts. Of course, a rate cut in January is impossible, and the probability of a rate cut in March or April is low, but not entirely out of hope.