💥 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
Some analysts or experts are calling BTC bounce as dead-cat bounce.
Dead cat bounce is confirmed only when bounce fails to reach a certain height. One cannot conclude while the bounce is on. It shows person's bias, not real analysis.
#Crypto $BTC #Bitcoin