💥 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
Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 12/29 From the current market situation, the 4-hour chart shows a double bullish pattern with oscillating upward movement, breaking above the upper band of the Bollinger Bands, which are expanding. The middle and upper bands are showing signs of turning upward, indicating increased short-term volatility and a continued upward trend. On the 1-hour chart, the bullish momentum is evident, with Bollinger Bands expanding. After a quick rebound from the low around 87,400, a large bullish candle broke through the upper Bollinger Band, indicating a strong short-term upward momentum. The gap between the upper and lower bands is widening, and the price has broken above the upper band and moved away from the middle band, showing strong short-term bullish energy. Regarding MACD, the DIF and DEA lines remain in a golden cross, and the MACD histogram continues to expand, indicating that the medium to long-term upward trend remains intact. However, attention should be paid to short-term technical corrections. The midday trading suggestion for small bulls is to focus on high short positions.
Bitcoin around 89,500-90,000 can be shorted, with targets around 88,500-88,000.
Ethereum around 3,020-3,040 can be shorted, with targets around 2,950-2,900.