FieryTrading

🔥 HBAR Multi Year Head & Shoulders: Waiting For The Bears

Short
BINANCE:HBARUSDT   Hedera Hashgraph / TetherUS
HBAR seems to have formed a bearish Head & Shoulders pattern over the last couple of years. There's no confirmation of the pattern yet, so wait for that before drawing any conclusions.

HBAR is arguably one of the weaker alts at the moment, so wouldn't be surprised if it breaks bearish at some point in the future; patience is key.

In case of a bearish break out, I'd be looking at the yellow areas for potential targets. Will come back to this trade once we see more bearish price action.

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