💥 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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FLOKI has currently formed three consecutive bearish candles on the daily chart, indicating a clear downtrend. From the overall daily chart, the price is still in a downward channel, but today there are signs of a slight rebound around 0.046.
From the MACD indicator, the two lines are currently operating below the zero axis and show potential golden cross signals. Additionally, on the KDJ indicator, both the 1-hour and 4-hour timeframes are forming golden crosses below 20, showing resonance effects.
Overall, the main trend remains downward, but the smaller timeframe cycles indicate short-term rebound potential. We can consider entering long positions in the 0.046 - 0.0455 range for a tentative test, with a stop loss of 2-3 points. The first resistance level above is at 0.0485, and the second resistance level is at 0.05.