💥 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
Wait, is $ETH finally waking up or is this just a massive bull trap?
That 1-hour candle is honestly insane. We just ripped through the $2,000 psychological barrier like it wasn’t even there. The volume on this move looks legit too, not just some thin liquidity pump.
I’m watching the $2,073 high from earlier. If we can’t flip that into support soon, I’m expecting a quick retest back down to the $1,980 area to fill that gap.
It’s looking strong, but don't get blinded by the green. I’m staying patient until I see how this hourly closes.
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