HEX final C wave in the correction. Then bulls come back
Good afternoon traders.
Here is a best guesstimate of the price action HEX should see over the next few months. Right now we are in the final moments of the correction and are in the "C" wave of this "Zigzag" correction. This is wave 4 of 5 in the current cycle (blue) Then we will have another 5 wave impulse which can either be a normal looking impulse or an ending diagonal. In a normal healthy market this should make an exciting new high but wave 5's have a small chance to disappoint. Investors should keep this in mind. It's great to be optimistic but one must also consider possible risks. If we see a slow moving wave 5 it might be what's known as a "truncated wave 5" this means that the last leg would not even break the previous high... This is a VERY RARE occurrence but nevertheless it can happen.
This last bull run if its normal and healthy should continue to hug the top of the trend channel and end somewhere between $1 and $3. Then another sideways move (this one likely will be a "flat correction" since the bigger cycle wave 2 was a zigzag)
On the fundamental side bullish sentiment for HEX doesn't seem to be ceasing, I can see more eyes on HEX videos in social media and Pulsechain is around the corner, there will be alot of people who want to get their free HEX and stakes on the Pulsechain fork once it launches so they will buy HEX on Ethereum. Also HEX still hasn't gone viral like some MEME coins have. Also lastly there is a fact that many seem to overlook with this coin.... the T-shares. T-shares (and shares in general) are a deflationary asset. Once your shares have paid out your HEX, they are burned and can never come back again. Large multi-millionaire whales have started to make "rolling stakes" which expire every 30-60 days. In this process they are NUKING T-shares. So this is bullish in two ways:
1) They are going to have to buy more HEX to stake for T-shares in order to keep up their addiction of this passive income from inflation since every time a share is burned more HEX is needed to acquire one.
2) Existing shares will have to pay stakers more HEX per day over time since HEX's supply inflation is locked at 3.69%. This means a lower number of shares will have to pay this same inflation. This is good for those who have long term stakes... But of course this depends on the size of the staking pool. Now roughly 9.9% of HEX's supply is in the share pool. Once this pool increases everyone's individual slice of the inflation pie gets smaller. In an example of if 90% of ALL HEX is staked, no one can earn more than 4.12% APY in simulated interest from inflation. But by the time that happens the price of HEX in terms of fiat would be very VERY expensive.
So back to this correction, I am expecting to see a little more blood in the streets as weak hands fold and dump out all their HEX (which is a bullish indication) and I'd like to see around $0.16 and $0.19c as a bottom before we rise.
Here is a best guesstimate of the price action HEX should see over the next few months. Right now we are in the final moments of the correction and are in the "C" wave of this "Zigzag" correction. This is wave 4 of 5 in the current cycle (blue) Then we will have another 5 wave impulse which can either be a normal looking impulse or an ending diagonal. In a normal healthy market this should make an exciting new high but wave 5's have a small chance to disappoint. Investors should keep this in mind. It's great to be optimistic but one must also consider possible risks. If we see a slow moving wave 5 it might be what's known as a "truncated wave 5" this means that the last leg would not even break the previous high... This is a VERY RARE occurrence but nevertheless it can happen.
This last bull run if its normal and healthy should continue to hug the top of the trend channel and end somewhere between $1 and $3. Then another sideways move (this one likely will be a "flat correction" since the bigger cycle wave 2 was a zigzag)
On the fundamental side bullish sentiment for HEX doesn't seem to be ceasing, I can see more eyes on HEX videos in social media and Pulsechain is around the corner, there will be alot of people who want to get their free HEX and stakes on the Pulsechain fork once it launches so they will buy HEX on Ethereum. Also HEX still hasn't gone viral like some MEME coins have. Also lastly there is a fact that many seem to overlook with this coin.... the T-shares. T-shares (and shares in general) are a deflationary asset. Once your shares have paid out your HEX, they are burned and can never come back again. Large multi-millionaire whales have started to make "rolling stakes" which expire every 30-60 days. In this process they are NUKING T-shares. So this is bullish in two ways:
1) They are going to have to buy more HEX to stake for T-shares in order to keep up their addiction of this passive income from inflation since every time a share is burned more HEX is needed to acquire one.
2) Existing shares will have to pay stakers more HEX per day over time since HEX's supply inflation is locked at 3.69%. This means a lower number of shares will have to pay this same inflation. This is good for those who have long term stakes... But of course this depends on the size of the staking pool. Now roughly 9.9% of HEX's supply is in the share pool. Once this pool increases everyone's individual slice of the inflation pie gets smaller. In an example of if 90% of ALL HEX is staked, no one can earn more than 4.12% APY in simulated interest from inflation. But by the time that happens the price of HEX in terms of fiat would be very VERY expensive.
So back to this correction, I am expecting to see a little more blood in the streets as weak hands fold and dump out all their HEX (which is a bullish indication) and I'd like to see around $0.16 and $0.19c as a bottom before we rise.