💥 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
📉 Bitcoin: Is $69k a local bottom?
BTC dropped to $67.6k and bounced back to $69.2k
Daily RSI = 18 → extremely oversold (last seen in 2023 lows)
In the past, RSI this low led to a strong rebound
Key confirmation still needed: break above 50-day EMA
🤔 So what’s the move?
Buy the dip?
Or wait for confirmation?
👇 Comment your Buy or Wait zone
#BTC #TechnicalAnalysis #CryptoMarket
$BTC