💥 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
$MANYU 4Hr Money Printer Preparing To Print?!
The money printer formation happens after a retracement to the downside.
Notice how all the moving averages besides the yellow 200MA is gathering with price action?
The yellow 200MA is gapped above price action and the other moving averages.
Normally, the algorithm will pull price action up to fill the gap to the yellow 200MA.
As stated previously, for the bulls to take control, we need to get back over that yellow 4 hour 200MA.
NFA, DYOR ⚠️
#Crypto #Trading #MANYU