💥 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
Indonesia slashes the world’s largest nickel mine quota by 71%
Indonesia controls more than 56% of the global mined nickel supply
The goal is to push prices higher after a 64% decrease since the 2021 peak
Nickel stocks:
$IGO | IGO Limited (Australia)
$S | Sherritt International (Canada)
$NIKL | Nickel Asia Corporation (Philippines)
$FNI | Global Ferronickel Holdings (Philippines)
$MARC | Marcventures Holdings (Philippines)
$PAN.AX | Panoramic Resources (Australia)
$POS.AX | Poseidon Nickel (Australia)
$ARL.AX | Ardea Resources (Australia)
$CTM.AX | Centaurus Metals (Australia)
$CNC.V | Canada Nickel Company (Canada)
$FPX.V | FPX Nickel (Canada)
$GIGA.V | Giga Metals (Canada)
| Blackstone Minerals (Australia)