💥 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
10.27 afternoon ETH thought process
On Monday morning, ETH synchronized with the market and surged strongly, climbing from the low of 4053 to reach a high of 4253 around noon before taking a pause, with sufficient upward momentum.
The four-hour chart shows that the market follows the overall trend, regaining upward momentum after a short-term pullback. The moving averages across various timeframes present a clear upward trend, with a complete bullish arrangement. The trading volume has increased simultaneously, pushing prices higher, demonstrating a significant effect of volume-price linkage. In the one-hour chart, the market experienced a slight pullback after reaching a high but has not deviated from the upward channel. The short-term consolidation falls within the category of a strong pullback and does not alter the overall positive rhythm.
The afternoon operation focuses on the strength of the pullback, mainly adopting a low ETH approach, looking for opportunities to enter in the 4120-4150 range, with the target aimed at the 4300 level. #ETH链上活动升温