EMA 21 sloping down on every timeframe while price also traveling under this critical EMA :bearish !
EMA 369 (some use 377 in the traditional markets) is holding price down on lower time frames:bearish AF!
Daily BB ,price testing the lower band :bearish AF
DMI bears are in full control on every time frame(above 25) with the ADX around 30 :theres plenty of room to extend) and gain bear momentum(50+ is extended)
RSI on bigger time frames shows that bears are in full control (under 50)->the message is clear:no new ATH foreseeable future !
Trend is your friend HEX is Bearish!
Its no secret ,HEX was one of the worst performing crypto in Q4 with prices going back to July levels.That is the definition of a bear market.
Hex FINALLY went to my first target which was the 0.125c horizontal support ,identified couple of months ago .
Next target is 0.085c ! That would be an 82-83% retrace from ATH .As we know ,this is a strong number for reversal in bear market (btc 20k to 3k was also an 83% retrace before reversal)
Will it go straight to 0.08c? Probably not! 0.12cent will be a local "breather". With the comming pulseswap SAC ,whales will play their disgusting game and will pump price back up to possibly .18-.20 cents !Then will dump ,price will dip the usual 50% or more (diluating those who are sacing in hex token).So if price pumps back up ot 0.18cents ,a 50% dump equals 0.09c.
Hex above 0.225-0.23c will become NEUTRAL . Everything under .22 is just a dead cat bounce and short opportunity .
Hex above 0.29c on daily close ,turns BULLISH and price can target the next resistance which is 0.38-0.42c area.There is a big VPVR volume . The way I interpret this, is that a lot of ppl are "trapped" here and they will most probably wanna sell and get out. -> local RESISTANCE but overall bullish.
EMA 369 (some use 377 in the traditional markets) is holding price down on lower time frames:bearish AF!
Daily BB ,price testing the lower band :bearish AF
DMI bears are in full control on every time frame(above 25) with the ADX around 30 :theres plenty of room to extend) and gain bear momentum(50+ is extended)
RSI on bigger time frames shows that bears are in full control (under 50)->the message is clear:no new ATH foreseeable future !
Trend is your friend HEX is Bearish!
Its no secret ,HEX was one of the worst performing crypto in Q4 with prices going back to July levels.That is the definition of a bear market.
Hex FINALLY went to my first target which was the 0.125c horizontal support ,identified couple of months ago .
Next target is 0.085c ! That would be an 82-83% retrace from ATH .As we know ,this is a strong number for reversal in bear market (btc 20k to 3k was also an 83% retrace before reversal)
Will it go straight to 0.08c? Probably not! 0.12cent will be a local "breather". With the comming pulseswap SAC ,whales will play their disgusting game and will pump price back up to possibly .18-.20 cents !Then will dump ,price will dip the usual 50% or more (diluating those who are sacing in hex token).So if price pumps back up ot 0.18cents ,a 50% dump equals 0.09c.
Hex above 0.225-0.23c will become NEUTRAL . Everything under .22 is just a dead cat bounce and short opportunity .
Hex above 0.29c on daily close ,turns BULLISH and price can target the next resistance which is 0.38-0.42c area.There is a big VPVR volume . The way I interpret this, is that a lot of ppl are "trapped" here and they will most probably wanna sell and get out. -> local RESISTANCE but overall bullish.