Bullish Elliott Wave Analysis Update
HEX/USDC Elliott Wave Analysis Update:
We are currently consolidating and making a smaller degree wave 4(orange) in preparation to complete the smaller degree wave 5(orange) this last leg will also complete the larger cycle wave 5(blue) and could get as high as $1.00. This will also complete SuperCycle Wave 3(White)
Then we will retrace for a few months just as HEX did back in May 2020 when it had a 6 month correction between the high's of $0.006 and $0.014
This time we may retrace for a shorter time, possible 3-5 months, while wave 4(White) is in process. Then finally the big bull run of wave 5 which my target is between $1.50 and $3.00. This will complete the first Grand-Cycle impulse on HEX just as Bitcoin did when it ran from $2.20 to $1,046. Then similar to BTC, HEX will retrace likely between 50%-61.8% probably not more, thanks to stakers holding the price up.... Then HEX will start its major wave 3 Grand-Cycle bull-run like BTC did to $20,000 in 2017 this bull-run should go on for a few years.
Comparing HEX in its timeline to BTC we are around the time where BTC was on its run to $1,000... It is still VERY early in HEX.... For further reference when BTC went from $2.20 to $1,046 this was a $47,445% move. The same in HEX from the BigPayDay Dump would give a target of about $0.99c
Happy trading all!
We are currently consolidating and making a smaller degree wave 4(orange) in preparation to complete the smaller degree wave 5(orange) this last leg will also complete the larger cycle wave 5(blue) and could get as high as $1.00. This will also complete SuperCycle Wave 3(White)
Then we will retrace for a few months just as HEX did back in May 2020 when it had a 6 month correction between the high's of $0.006 and $0.014
This time we may retrace for a shorter time, possible 3-5 months, while wave 4(White) is in process. Then finally the big bull run of wave 5 which my target is between $1.50 and $3.00. This will complete the first Grand-Cycle impulse on HEX just as Bitcoin did when it ran from $2.20 to $1,046. Then similar to BTC, HEX will retrace likely between 50%-61.8% probably not more, thanks to stakers holding the price up.... Then HEX will start its major wave 3 Grand-Cycle bull-run like BTC did to $20,000 in 2017 this bull-run should go on for a few years.
Comparing HEX in its timeline to BTC we are around the time where BTC was on its run to $1,000... It is still VERY early in HEX.... For further reference when BTC went from $2.20 to $1,046 this was a $47,445% move. The same in HEX from the BigPayDay Dump would give a target of about $0.99c
Happy trading all!