💥 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
Non-farm payrolls exceed expectations! Global markets turn upside down overnight🔥
U.S. January non-farm payroll data surpass expectations
Added 130,000 | Unemployment rate 4.3% | Hourly earnings 3.7%
Federal Reserve rate cut expectations significantly delayed
Quick overview of asset impacts
- US dollar strengthens, non-US currencies come under pressure
- US Treasury yields rise
- US stocks fluctuate, growth stocks under pressure
- Gold initially drops then consolidates
- Liquidity in emerging markets tightens
👉 Will tonight's CPI determine the next move?