Updated
HERO has come to the end of the triangle. Which way will it go?
We have come to the final squeeze of the long resistance line since its top here.
Interesting things to note:
1) There is parallel channel we are caught in. We have bounced off the bottom of this channel, which is causing this mini rally of 10%.
2) To gain momentum, we need to break out of the resistance line that is drawn coming from the top.
3) The public sale for EVERDOME will be live very soon, and this could trigger a bearish or bullish movement. Let's wait and watch what happens as Binance is involved in this.
Sell targets? Those two red rectangular boxes indicate some local resistance zones, and we can expect to take profit there.
I will post a new chart once this resistance is broken, and the public listing date has been fulfilled.
Interesting things to note:
1) There is parallel channel we are caught in. We have bounced off the bottom of this channel, which is causing this mini rally of 10%.
2) To gain momentum, we need to break out of the resistance line that is drawn coming from the top.
3) The public sale for EVERDOME will be live very soon, and this could trigger a bearish or bullish movement. Let's wait and watch what happens as Binance is involved in this.
Sell targets? Those two red rectangular boxes indicate some local resistance zones, and we can expect to take profit there.
I will post a new chart once this resistance is broken, and the public listing date has been fulfilled.
Note
SL/TP: $0.044Trade active
resistance line brokenNote
Still in consolidation (means it's stuck in the parallel channel)Note
First resistance / sell zone / take profit hit!! Congrats
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.