💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
【$RECALL Signal】Long | Healthy Consolidation After Oversold Rebound
$RECALL After experiencing a 20%+ violent surge, it is now undergoing healthy consolidation below a key resistance level, which is a typical pre-breakout buildup pattern.
🎯Direction: Long
🎯Entry: 0.0505 - 0.0512
🛑Stop Loss: 0.0490 (Rigid stop loss, break below previous low and EMA20 support)
🚀Target 1: 0.0550
🚀Target 2: 0.0585
Market Analysis: Price rebounded violently from a historical low of 0.042, breaking above EMA20(0.0466) and retesting for confirmation. The 4-hour chart shows a healthy structure of volume expansion during upward movement and volume contraction during pullbacks, with strong buying absorption.
Logical Core: 1) Deep imbalance reaches 4.01%, with buy orders significantly thicker than sell orders, indicating strong support below. 2) Funding rate is only 0.005%, with no short squeeze risk, indicating a healthy upward foundation. 3) RSI(64) has recovered from oversold territory to neutral, leaving room for further upward movement. 4) The key resistance zone of 0.052-0.054 is a previous high; a volume breakout here could open the way for further gains. The current volume-contracted consolidation around 0.051 is a low-risk entry point.
Trade here 👇 $RECALL
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