💥 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
I'm not interested in calling bottom or top
As you can see from a rational POV
This is a high volume traded zone..
I doubt it melts though like butter. It is also an institutional demand
Now I've been bearish and bear shit posting from 120k to 60s
But this is not the zone to be bear posting instead play carefully
Cycle bottom will require a few months of consolidation and maybe stop running
#bitcoin