💥 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
Evening Market Analysis
The four-hour price is trading below the MA144 and MA169 moving averages, with medium to long-term moving averages forming clear resistance, limiting short-term rebound potential.
In the MACD indicator, both DIF and DEA lines are in the negative zone, with the green bars slightly expanding, indicating that bearish momentum still dominates;
The KDJ indicator is oscillating at low levels, with no clear golden cross signal, and rebound strength is relatively weak.
Trading Suggestions
Short positions around 68,000-68,500 for Bitcoin, targeting 65,000-65,500
Short positions around 1,990-2,020 for Ethereum, targeting 1,840-1,870