💥 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
Xiang Li: November 13th afternoon btc/ETH operation and analysis
According to the 4-hour chart, the current technical outlook shows a mixed pattern but is skewed towards strength in the short term. The candlestick has recorded three consecutive bullish candles, especially the third large bullish candlestick, which is significant and indicates strong momentum for the bullish side, forming a clear short-term upward trend. Although the overall Bollinger Bands are still in a downward trend, the cryptocurrency has strongly rebounded from the lower band and is currently approaching the middle band resistance level. In terms of the MACD indicator, although the two lines are operating below the zero axis, the DIF line has begun to turn upward and is about to form a golden cross with the DEA under water, while the red histogram's momentum continues to weaken, indicating that sellers are gradually exiting the market. Furthermore, the three lines of the KDJ are synchronously diverging upwards within the 20-50 range, forming a golden cross, which further confirms the upward momentum in the short term.
In conclusion, the market shows a clear short-term rebound momentum. The operational suggestion for the afternoon is to go with the trend, but with caution, focusing on capturing short-term rebounds.
BTC: 103000-103500, look at 105000
Two cakes: 3490-3520 Look at 3650
#CoinDesk11月报告Gate战绩来袭