💥 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 ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
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Silver ($XAG) is making significant moves, mirroring the impressive rally seen in Gold ($XAU). The precious white metal has now surpassed its previous ceiling, achieving an unprecedented valuation. This signals strong momentum in the commodities market.
On January 12, Spot Silver surpassed its high from two weeks prior, marking a new historic peak. Prices momentarily touched $84 per ounce and are currently consolidating around $83. The simultaneous all-time highs for both Gold and Silver suggest the commodities supercycle is gaining strong momentum. 💹
Is $100 the next psychological target for Silver? 🤔
This content is for reference only and not investment advice. Please conduct your own thorough research before making any financial decisions. 🙏