Hector DAO continues to consolidate before a retest to set up a double bottom around $13-$15. I think sell pressure will continue into end of February with potential rebound in the beginning of March to retest the resistance trend line .
HEC DAO seems to be on a path to $40 first and if it breaks $28 is possible before it bounces back. When we brokeout of the resistance trendline last week and went back up to 80s we had glamour of potential reversal but HEC got rejected there. Unfortunately, since then selling pressure continued. We have squeezes forming to the downside.
It looks like HEC will...
Hector Dao is showing signs of reversal. Current price is close to cash backed price so this may be a great opportunity to get some bonds for a cost entry around $90-$91. 1st price target of $120 in the near future.
distributitive range and bearish cfork nearing completion
backing per hec sits at 88$ perhec
confluence with the end of the bearish cfork formation
first ever 4,4 bonding, hectorbank,hector pro incoming for this high fundamental ohm spoon
some fairly highplayers involved
and a very serious dev team
this ones not a rug so buying near the backing per hec price...
HEC has multi timeframe squeezes and it seems that it will test out the bottom of the channel. A good play would be to buy bonds (3,3) at the support zone of $200-215 for 15-20% discount bonds and get your average buy to $170 level.
Hector DAO has multi timeframe squeezes. 4 hr squeeze has just fired to the upside. Some of the FOMO related to OHM is over as it didn't apply to HEC.
Pull backs to my buy zone $262-270 combined with a DAI BOND purchase you can get in @240-250 (not an investment advice). My price target is $690.
Hector DAO wants to be the de-facto reserve currency of the FTM...
