InvestingScope

HEXUSD: Crossed over the 1D MA50 giving a buy signal.

Long
CRYPTO:HEXUSD   HEX
HEXUSD crossed today over the 1D MA50 and despite the equally strong retracement back under it, it gave a strong buy signal on a 2 month horizon. The 1D technicals are neutral on the 1D timeframe (RSI = 47.190, ADX = 18.360) supported by the 1D MA200. Since it crossed above the LH trendline last week, it entered a same pattern as January 6th that rebounded straight to Fibonacci 1.382. We have a more modest target on R1 (TP = 0.13000).


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