💥 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
In the midst of Extreme dip, look out for RSI Bullish Divergences Here's how to spot it: - Pull RSI indicator and set it to 14 - For each candle, there is an RSI number - When chart goes lower lows and RSI number stays higher that previous candle.. that's bullish Divergence