looks like we're finally seeing some reversal with hex in green compared rest of market
- green daily candle forming on heikin ashi
- bullish divergence on RSI daily
Again keep adding to your bags slowly, I've added another 10% here.
May get downside to 0.12c still but unlikely at this stage.
When you zoom out on the weekly chart, HEX is forming one giant bull flag pattern. Extreme selling leads to extreme buying. Supply shortage coming since expiring stakes are DECREASING. Demand for t-shares (money printers) is INCREASING.
Demand > supply implies that price has no choice but to go up.
Observe what the price did last year from 11/25 thru the end of the year. If HEX can duplicate the same performance in the same span of time then it had better be true that the price will be 98 cents by December 31 of this year.
- hopefully we'll be around $30-50 by next year on current trend 8-12 months
- need continued adoption over time- hopefully 1 million addressess
- possibly will be correlated with ETH upgrades and lower transaction fees
major support at 0.12 on long term support line created 1 year ago.
- major volume started on july 13th, market maker started buying @ 0.085
- with consideration to OGs that will sell some profits and market maker also selling down
- with new onboarders increasing daily (almost 86,000 new addresses since july 13th)
- Eth gas fees possibly also causing new...
Buyers ready to jump into market. Sellers are exhausted. They are almost out of ammunition. Buyers will regain control once large bag holders who are selling are shaken out. Better to weed out unbelievers now at a lower price rather than later so that they take less economic mass with them when they leave.
so hex always double and if it does that again, this is the last demand to go to, this would be the buy position to take as soon as it hits my white boxes, so from 15 cets to 65 cents is my prediction and im going very heavy on this trade because it is an easy chart!!!!!
Please don't invest in this. This is a scam. Richard Heart is selling everyday as new buyers come in and "lock up" (stake) for 40% APY... Let's be real folks... that's just not how it works. That's fantasy land. Eventually supply will overwhelm demand and this will be 0.
Daily 21 EMA is sloping down.HEX ready to retest BB lower band .DMI ADX is neutral bearish --->HEX bearish AF !but every sell under .18c is a buy ....whales are accumulateing under 18c .Buyers and sellers are fighting.Who will win, is everybody`s guess.
HEX neutral :over .225c
HEX bullish :over 29c on daily close.
Downside targets ....nothing changed since my...
HEX has formed a solid double bottom after much panic selling. It is ready to reverse and retest all time high. This chart isn't really about timing. It is mostly about the price levels that it must travel through to get back to the all time high.
Broken supports become resistance points for the price. However, large buys can melt through these resistance points...