HEXUSD hit the bottom of the 2023 Channel Down and is rebounding along with the RSI (1d). It remains under both the MA50 and MA200 (1d), implying significant upside potential. A similar price action is noticable during the previous Channel bottom in January.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 0.0500 (top of the Channel Up and +650% rise such as the previous bullish leg).
Tips: 1. The RSI (1d) has rebounded from the oversold zone and is above the MA again. This is a potential indicator of momentum shift.