BARSTrading

HERO neutral - not a time to trade

BARSTrading Updated   
GATEIO:HEROUSDT   Metahero/Tether
I drew this pattern months ago, and it has been following it nicely.
It's called an ascending triangle pattern. It's a neutral pattern, meaning that price doesn't really fluctuate much outside, but in the triangle it may see small pumps and dumps.
At the moment, hero is touching the bottom of this triangle, which is why it's on a slight pump.
But be careful, it's not a time to trade. It will only be a possible trade if it breaks the triangle going up.
Going down, well that's a sad story.

It's not a good coin, I don't recommend buying too much of it.
Comment:
Bearish update:
It fell below the triangle. Not a good sign. Waiting for support at 0.0035
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.