HEDRON could retrace to 0.618 fb , HEX dead
Updated
Current HDRN price is 38000.Thats exactly on 0.5 fibo retrace .
Its no suprise HDRN started a huge selloff above 71000 . Thats more or less a 10x from the 5000 bottom . (considering not everybody bought at exactly 5000)
If we throw a fibo from top to bottom ,we see that:
0.236 retrace is at 56000 (assets bounces from this fibo when the trend is EXTREMELEY strong
0.382 fibo retrace is at 47000 (bullish bounce -strong uptrend)
0.618 fibo retrace is @ 31000 (good buy but indicates longer consolidation)
and the 0.785 retrace is at ~21000(more like investing type of buy) ...So watch these levels ,if you see a so called "intra" heicken ashi candle (2h seems to work fine),that could indicate a possible reversal /pump.
No bullish case/new ATH for HDRN till it gains back at least the 0.382fibo (47000+) and starts closing 4h candles above this level.
However ,because HDRN is so new ,its not unusual to give back ALL profits and retrace to the bottom (well bellow 10000)
HEX has a much WORSE chart ,no bullish case for HEX under 17,5c and that`s on a weekly close.
ANything under 17c is bearish and we got targets @ 0.085c ; 0.045c and 0.015 aka ~90% down from here .
Its no suprise HDRN started a huge selloff above 71000 . Thats more or less a 10x from the 5000 bottom . (considering not everybody bought at exactly 5000)
If we throw a fibo from top to bottom ,we see that:
0.236 retrace is at 56000 (assets bounces from this fibo when the trend is EXTREMELEY strong
0.382 fibo retrace is at 47000 (bullish bounce -strong uptrend)
0.618 fibo retrace is @ 31000 (good buy but indicates longer consolidation)
and the 0.785 retrace is at ~21000(more like investing type of buy) ...So watch these levels ,if you see a so called "intra" heicken ashi candle (2h seems to work fine),that could indicate a possible reversal /pump.
No bullish case/new ATH for HDRN till it gains back at least the 0.382fibo (47000+) and starts closing 4h candles above this level.
However ,because HDRN is so new ,its not unusual to give back ALL profits and retrace to the bottom (well bellow 10000)
HEX has a much WORSE chart ,no bullish case for HEX under 17,5c and that`s on a weekly close.
ANything under 17c is bearish and we got targets @ 0.085c ; 0.045c and 0.015 aka ~90% down from here .
Note
So 0.618 fibo 30000/ hdrn already reached ,had a good bounce there, now watch the "intra" heicken ashi candle / intra candles are small body candles (engulfed by previsious candles from wick to wick) ...for full confirmation that should be followed by a green small body heiken candle .! That would be the confirmation for a bounce /reversal.If 0.618 fibo wont hold next target is 21000/hdrn
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