💥 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 LTF Update
We go back and forth at a very critical level.
Short-term pivot level 67565 (Fixed range volume profile pivot level). Closes above and below this level are extremely critical!
If the RSI can close above 50 points, the uptrend is expected to continue.
ADX points out to us that sellers are losing ground in the short term.
Momentum, on the other hand, is very close to the 0 zone. The 0 zone is the trend reversal zone.
Continue to follow closely.
#Bitcoin