💥 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
The last time the RSI (3D) for $BTC was as oversold as it is now was in 2018.
At that time, bitcoin hit rock bottom at around $3,000 and never fell so low again.
Perhaps the best opportunity in the last 8 years.