💥 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
I seldom talk about my tradfi port but last year I was telling the lads that silver was going to continue to rip
I was fortunate to get into this during covid and i am fortunate that side of my book is very inactive
That said, i have been trading silver more actively this year and it is pretty clear why
The ranges are clean, volatility is rife and it is in a clear as day trend
For now 7 day is the first tap region to play
if we get 30 that is a size up moment
Trail stops around the 90
The rise of the SILVERBACK
150 this year imo and that is conservative