💥 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
February 14 Cryptocurrency Market Analysis & Strategy 📊
BTC Bitcoin:
Current price approximately 68,876.8 USD, trading within a narrow range near the middle Bollinger Band, with the upper band at about 69,080.5 and the lower band at about 68,738.5.
• Short-term key resistance: 69,100–69,200. If the rebound cannot break through, the weak trend will continue.
• Support below: 68,500. If broken, look towards around 68,000.
ETH Ethereum:
Current price approximately 2,048.94 USD, showing weak consolidation in tandem with BTC. The middle Bollinger Band at 2,050.21 acts as short-term resistance, with support at 2,044.41.
• Short-term resistance: 2,050–2,060. Break above opens up room for a rebound.
• Support below: 2,030. Break below targets the key level at 2,000.
🎯 Bitcoin Strategy (BTC)
• Range: 69,500–70,000, staggered short positions
• Target: 68,500–68,000
• Stop loss: 69,500 (if it stabilizes above 69,200, switch to long)
🎯 Ethereum Strategy (ETH)
• Range: 2,050–2,060, light short positions
• Target: 2,030–2,000
• Stop loss: 2,070 (if it breaks below 2,000, switch to short)