HEX could turn bullish if...
HEX current price is 14.05c
I think the Ukrainan war max fear has gone . If things won`t escalade ,and more countries will step in ,I think there`s a decent chance markets will find a bottom soon . If things will escalade ,then your last worry will be crypto prices ,and you can threw out of the window all TA`...
Hex needs to close above old support 17-18c c (daily ,preferably a weekly candle close) but even 16,5c is good enough to turn NEUTRAL.
23,5c-24c (thats where the 21 weekly EMA is ,but also horizontal S/R) is another major resistance .If you see prices higher then 23c ,thing could turn really BULLISH
In the past 24-48hours, HEX had all the reasons to go under 10c ...didn`t happened and now there is a decent chance price could form W bottom around the 12c (no bullish divergence tho) and go back to at least 16-17c.
I think the Ukrainan war max fear has gone . If things won`t escalade ,and more countries will step in ,I think there`s a decent chance markets will find a bottom soon . If things will escalade ,then your last worry will be crypto prices ,and you can threw out of the window all TA`...
Hex needs to close above old support 17-18c c (daily ,preferably a weekly candle close) but even 16,5c is good enough to turn NEUTRAL.
23,5c-24c (thats where the 21 weekly EMA is ,but also horizontal S/R) is another major resistance .If you see prices higher then 23c ,thing could turn really BULLISH
In the past 24-48hours, HEX had all the reasons to go under 10c ...didn`t happened and now there is a decent chance price could form W bottom around the 12c (no bullish divergence tho) and go back to at least 16-17c.
Comment:
Quick update: HEX reached our 16c target and was REJECTED hard ...once it goes under 13c =>>>0.08c is again on the table . If it close above 17-17,5c ,then it can go to at least 22-23c