💥 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
Warning
I told you before that a collapse is coming, and now it’s happening.
Some people say a major crash could begin within 3 days after new data from the Federal Reserve is released.
The inflation numbers came out: (CPI):
Overall inflation: 2.4% (Less than expected 2.5%)
Core inflation: 2.5% (In line with expectations)
So inflation is decreasing, not increasing.
But the real issue isn’t inflation… the problem is that the economy itself is weakening:
The labor market is deteriorating
Late credit card payments are increasing
Corporate bankruptcies have returned to levels close to 2008
The idea is that the Federal Reserve delayed tightening monetary policy, and now the economy might be under more pressure than necessary.
And what if they cut interest rates quickly?
Some see it as a sign of panic, not support.
Summary:
The situation is sensitive, and volatility could increase.
Investors need to be aware of the risks and not be driven by fear or greed.
Don’t believe any scenario 100%, but don’t be completely unaware either.
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