💥 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
Looking back on Wednesday, the overall cryptocurrency price showed a narrow fluctuation, mainly oscillating between 86,500 and 87,900. The second dog also experienced limited volatility, operating within the 2,892 to 2,975 range. Currently, the four-hour structure of the market still indicates a downward channel, with the upper resistance zone forming a key barrier, and no effective breakout signals have appeared yet.
Thursday morning outlook:
Around 87,900-88,500🈳, watch: around 86,800-86,000
Shorts around 2,970-3,000, watch: around 2,910-2,870
Personal opinions are for reference only; everything is based on Sister Xi's analysis!
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