Hello,
Been a very long time since I've published a chart, I've been a very busy boy.
I'm taking a look into hex this time.
Being the single best performing crypto of the last 2 years and off almost everyone's radar it's interesting to see how this crypto (at least for now) seems to remain bullish in a market that is potentially about to enter a long term bear cycle.
Technically, hex is my current laid out fibs to the T. The 0.786 bounce gives me a short term upwards target to the 0.382. Personally I'd expect new all time highs if we are to break that target, perhaps not on the first touch, the price could consolidate or even pull back to previous support levels from that target.
As the 200 daily MA remains facing up, I continue to be overall bullish
Either way I will be watching closely to see if this x2 trade pulls off first.
Been a very long time since I've published a chart, I've been a very busy boy.
I'm taking a look into hex this time.
Being the single best performing crypto of the last 2 years and off almost everyone's radar it's interesting to see how this crypto (at least for now) seems to remain bullish in a market that is potentially about to enter a long term bear cycle.
Technically, hex is my current laid out fibs to the T. The 0.786 bounce gives me a short term upwards target to the 0.382. Personally I'd expect new all time highs if we are to break that target, perhaps not on the first touch, the price could consolidate or even pull back to previous support levels from that target.
As the 200 daily MA remains facing up, I continue to be overall bullish
Either way I will be watching closely to see if this x2 trade pulls off first.
Comment:
Target reached with very little pull back so I either expect a pullback or consolidation here for a while. Either way, price direction very pleasing. Thanks for the comments and likes peeps!
Comment:
Happy New Year, we're on support target, looks to be holding the line... a bounce here would be an excellent start to a new uptrend.
