💥 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
9.11 Morning BTC/ETH Analysis:
After Bitcoin broke through 114,000 yesterday, the momentum was insufficient, leading to a pullback. The short positions entered around 113,500 are still held, while the medium-term long positions have taken profit. Overall, the outlook is for a downward adjustment.
From the 1-hour K-line perspective, there is obvious pressure above the big coin, and it is difficult to break through 115000 in a short time. The operation suggestion is to focus on shorting. Although there was a pullback last night, it rebounded without breaking below 113000. If it falls below this level subsequently, a significant drop is expected.
Operating range:
BTC: Short around 114000–114500, target 112500
ETH: Short around 4370–4420, target near 4500.