Hero broke down from its ascending channel and it formed a descending channel.
The above are forming a cup and handle pattern on the 4hr TF.
It has bounced on the fib 0. 618 level 4 times, showing good support.
Hopefully Hero will follow somewhere along the lines of the pattern I have drawn.
This is not financial advice.
Trade at your own risk.
These are...
Due to recent market conditions, Hero has broken the 0.045$ level that I have mentioned before to buy at lower levels ( 0.01-0.015) , however, we may see it back above that level, if it goes back above 0.045$ and close 1 day, you can enter with a stoploss at 0.043$ ( daily close below ). Otherwise, stick to the plan and wait patiently for your limit orders...
Metahero is testing today the 1D MA50 (blue trend-line) and has broken above intraday. That is not enough though as this has also taken place marginally two days ago, but the price failed to close above it. A 1D candle closing above the MA50 will thus be the break-out buy confirmation we need to start filling the Fibonacci gaps. If it does so, buy on every...
