💥 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 1D chart | Game plan for the next 2 months
Resistance: $74-79k
Support: $60-64k
I think we will spend some time between those levels before the inevitable breakdown 📉
🎯 Next Target - $48-50k (August 5, 2024 Low + 1.618 Fib)