💥 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 is expected to retest the bottom twice.
Tonight, it is highly likely to continue falling along with the US stock market.
Liquidity is contracting.
In this environment,
it is not a safe-haven asset,
just a high-beta risk asset.
The direction is determined by the US stocks,
and volatility is amplified by sentiment.
If liquidity is injected again over the weekend,
and the number starts with 5,
it would not be surprising.