💥 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
It makes my eyes bleed to see accounts copy paste the same Daily/Weekly RSI oversold argument to call for bottoms
Brother it being the most oversold in history means it has never had this much momentum in a downtrend in history
Markets can remain bearish in oversold conditions longer than your margin accounts can remain solvent