💥 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
Good morning...
The BIST started the day higher, the dollar is stable, gold has slightly declined. Iran-U.S. tensions are pushing oil to $70. Bitcoin is stuck around 67k in crypto.
The general market overview today is as follows levels approximately:
• USD/TRY: Around 43.65 TRY with sideways movement, small fluctuations within the 0.02-0.03% range.
• EUR/TRY: Slight upward trend around 51.95-52.00 TRY.
• BIST 100: Started the day with a slight increase, currently around 13,800-13,850 in the positive zone of 0.1-0.6%.
• Gold per Gram: Between 7,090-7,110 TRY, with gold spot price around 5,050-5,070 USD showing slight decline.
• Gold Spot: Showing a decline of about 0.3-0.7% due to global risk appetite and US data.
• Bitcoin: Consolidating around 67,000-68,000 USD, mixed performance in altcoins.