💥 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
$BTC has started to fill the wick into the previous cycle highs.
As discussed over the past 1.5 weeks, bottoms take time to form and generally do not V reverse.
I continue to watch the show unfold - waiting for the right conditions to form to get long again.
Patience.