💥 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
btc: Resistance around 67,125 today during the day. Light short positions between 66,850-67,000, take profit at 65,555-65,085-64,666. If it breaks 67,150, go short at 67,750. After today, the A-shares market is closed, and there may be capital movements in the afternoon and evening, so observation is needed.
Low buy: 64,666, 64,255/63,888, 63,333 for low absorption.
eth: Resistance at 1,960 today during the day. Small short positions near 1,952. If it breaks 1,966 and moves up to 1,996-2,012, then short. Main concern is the Spring Festival market fluctuations.
Low buy: 1,856, 1,828 for low absorption.
sol: Resistance at 79.5-82, recent support at 75.25. The movement is relatively slow, so monitoring is needed for take profit and stop loss.