💥 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
Recently, the market seems to have shifted from a bear to a bull. As the New Year approaches and the market is not doing well, everyone is definitely feeling it. I myself have lost more than half of my position.
However, Gate has not reduced its Chinese New Year activities and benefits despite the worsening market. Recently, the Gate Daily Team has been giving away Moutai, and there are also daily New Year’s Red Envelope Rain from 12:00-15:00 and 16:00-19:00. The official social media and community will announce the “New Year Red Envelope Password.” During the red envelope opening times, enter the password on the event page to claim your red envelope.
Additionally, since it’s the Year of the Horse, we have to play horse racing. Gate has recently launched the New Year Horse Racing Grand Prix. Complete tasks to earn horse racing tickets, then participate in the guessing game. If you guess correctly, you can share the prize pool.
Although the market isn’t ideal, Gate still hopes everyone can enjoy a happy and prosperous New Year.
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