💥 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
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Golden Finance reported that JackYi, the founder of LD Capital and the whale, published the simplest reason for ETH bullishness on X, "The current CME short position is worth $1.3 billion, the AAVE short position is worth $1 billion, the short position of various trading platforms is about $3 billion, and a total of about $5 billion of ETH short orders will be shorted, and the short market may prompt ETH to reach $3,000, or even $3,500 to $4,000, which is holding 100,000 ETH." The core reason for a call option.