💥 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
Wait, did anyone else catch that notification at the top?
$CHESS is getting delisted in literally two days. The chart is trying to fight back with a tiny green candle, but look at those red sell walls in the order book. 67% asks vs 32% bids is a heavy weight to carry.
The price is sitting right around 0.00920 after a massive dump from the 0.02400 area. Usually, delisting news is a death sentence, but you sometimes see a "exit pump" scam wick before it goes dark. Personally, I wouldn't touch this with a ten foot pole unless you enjoy catching falling knives.
Volume is thin and the trend is clearly pointing into the ground. If you're holding, the clock is ticking.
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