💥 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
One of the strongest relationships out there no one is talking about is ETH and JETS global airline ETF.
Historically it has nearly a perfect 1 to 1 correlation with ETH at major turning points. Right now JETS is breaking out to fresh 5 year highs while ETH lags.
Last time this happened was late 2016.
History says that when people have excess money for travel and leisure they also like to speculate in crypto.