💥 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
U.S. hiring rates have fallen to 3.3%, matching levels seen during the 2020 Covid recession.
Job numbers will be revised tomorrow, and expectations aren’t optimistic.
Bitcoin is already down 30% against gold this year.
Here’s how BTC performed vs gold during previous midterm years:
2014: -55%
2018: -73%
2022: -64%
2026: -32% (so far)
Most signals are pointing lower 📉
No need to rush.