💥 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
Market analysis: Currently, the market is still forming a top shape of 108000 yuan arc. After a drop of nearly 6000 points last night, most long positions have capitulated. There was a strong V-shaped rebound of 6000 points overnight. Currently, the price of BTC has come to around 95000, and ETH has come to around 3180.
Currently, it is expected that BTC will only retrace after reaching the resistance level of 96000, and ETH will retrace after reaching around 3220. Today's operation suggestion: If BTC retraces to 93800, it can continue to enter long positions. If ETH retraces to around 3120, it can continue to enter long positions. BTC is expected to rise to around 98000 before the next step, and ETH can follow suit. Recently, ETH's performance has been weak, with long positions focusing on BTC, DOGE, XRP, and ETH in that order.
XRP sees the previous high and around 3.3 in the long term.
$BTC $ETH x$XRP #打榜优质内容