HEXUSD is testing a double Resistance level, the Falling Resistance since May 16th and the 1day MA50.
The latter hasn't been broken since July 30th. With the 1day RSI though on a Bullish Divergence, it is more likely to see it break.
In that case, we expect the price to rise aggressively. Buy a 1day MA50 break out and target 0.006650 (under Fibonacci 0.236).
After that, the next buy opportunity will be near the 1day MA50 again (pull back) for a 0.01250 target (Fibonacci 0.382). That may test the 1day MA200.
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The latter hasn't been broken since July 30th. With the 1day RSI though on a Bullish Divergence, it is more likely to see it break.
In that case, we expect the price to rise aggressively. Buy a 1day MA50 break out and target 0.006650 (under Fibonacci 0.236).
After that, the next buy opportunity will be near the 1day MA50 again (pull back) for a 0.01250 target (Fibonacci 0.382). That may test the 1day MA200.
Follow us, like the idea and leave a comment below!!
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