💥 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 & ETH Afternoon Trading Suggestions and Future Trend Analysis: 12/7
The current market is showing a clear downward trend, with technical indicators forming strong bearish confluence. The Evening Star pattern and the death cross signals from both the MA/EMA point to the possibility of further downside, with short-term price targets concentrated around the key support level of 80,600. At the same time, prices are trading below both the short-term and long-term moving averages, and the downward slope of the short-term moving average, along with weakening momentum, further reinforce bearish expectations.
However, the BOLL and RSI indicators show balanced market sentiment and normal volatility, which contradicts other bearish signals to some extent, indicating there is a risk of short-term rebound or consolidation.
Afternoon suggestion from Xiao Ma remains to focus mainly on rebound shorts:
BTC: Short around 89,700–90,200, target around 88,500–88,000
ETH: Short around 3,050–3,070, target around 2,980–2,950 #十二月行情展望 #十二月降息预测 #反弹币种推荐