💥 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
📊 Is it a correction or the beginning of a breakdown?
: The current market represents a buying opportunity at corrective prices for major currencies ( such as BTC and ETH ), but it requires a high level of caution regarding small coins. Focus on projects with actual value, and avoid unrealistic expectations such as a coin rising from 0.00001 to 2.5 dollars.
#BTC
This chart is saved in your mind at every correction 🤪
We haven't forgotten it 🤝
#Bitcoin correction before halving.
2012 = 50% correction
2016 = 30% correction
2020 = 70% correction because of COVID effect.
2024 = ?