💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Short-term market analysis suggests continuing to look for a rebound, but the rebound is not a reversal.
The daily chart$BTC is still following the trend line, so from this perspective, the bullish attack is not very strong, leaning more towards consolidation and digestion of sentiment rather than a direct acceleration upwards.
However, if we extend the timeframe to the weekly chart, the structure becomes very clear. The weekly chart has already formed a standard bottoming pattern, and this bottoming pattern appears within a complete large-scale upward trend, which is very crucial. Because the bottoming pattern occurs within the trend, the value of going long is actually self-evident.
Looking at the 4-hour chart, the current price remains above the 200 moving average and the 120 moving average, indicating that the short-term structure is still a standard bullish arrangement and has not broken down. Even during consolidation, the essence of the movement remains a pullback within the trend.
Currently, the 90,000 level is very sensitive. It corresponds to the 0.618 Fibonacci retracement level of the previous upward structure and is also an integer key level, which has enough technical and emotional resonance.
Therefore, from a structural perspective, considering going long around the 90,000 level is a logically consistent position, not a reckless gamble.
In summary, today's trading strategy remains very clear:
Focus on the vicinity of the 90,000 integer level, prioritize bullish ideas, patiently wait for confirmation, avoid chasing highs, and manage risk with a stop at 89,000.