💥 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
$ZEN USDT displaying clear bearish structure, trading below all major moving averages. Price rejected from $10 resistance zone and forming lower highs. Currently at $9.178, breaking below 7MA ($9.494) signals continued weakness. Volume spike earlier shows selling pressure. 99MA at $9.026 acting as critical support level.
Targets:
TP1: $9.05
TP2: $8.80
TP3: $8.50
Stop Loss: $9.55