HEX LONG - To the moon HEXicans!
Updated
TRADE PLAN
Avg. Entry: $0.20
Stop Loss: 0.095
TP1: 0.47
TP2: 0.66
TP3: 0.97
HEX retraced to the Golden Fibonnaci Pocket (0.618 - 0.66) pulled from Zero to ATH. On the Daily time-frame,the retracement of Wave 4 went down to $0.145 but more or less closed above Wave 1 which further confirms to me the validity of the Elliott Wave count - I believe the bottom has been put in and we are now in the final Wave 5.
I made three entries ~ $0.190, $0.175 (Golden Fibonnaci Pocket levels) and $0.205 when bearish market structure was flipped on the lower time-frame with three Fibonnaci level targets: $0.47, $0.66 and $0.97 (0.618, 1, 1.618 of Wave 1 to 3).
Speculations is out - Richard Heart will likely announce the launch date for PulseChain next Thursday 18/11/2021 so I am anticipate buying pressure driven by this hype.
Plan your trade, trade your plan... To the moon, Hexicans!
Avg. Entry: $0.20
Stop Loss: 0.095
TP1: 0.47
TP2: 0.66
TP3: 0.97
HEX retraced to the Golden Fibonnaci Pocket (0.618 - 0.66) pulled from Zero to ATH. On the Daily time-frame,the retracement of Wave 4 went down to $0.145 but more or less closed above Wave 1 which further confirms to me the validity of the Elliott Wave count - I believe the bottom has been put in and we are now in the final Wave 5.
I made three entries ~ $0.190, $0.175 (Golden Fibonnaci Pocket levels) and $0.205 when bearish market structure was flipped on the lower time-frame with three Fibonnaci level targets: $0.47, $0.66 and $0.97 (0.618, 1, 1.618 of Wave 1 to 3).
Speculations is out - Richard Heart will likely announce the launch date for PulseChain next Thursday 18/11/2021 so I am anticipate buying pressure driven by this hype.
Plan your trade, trade your plan... To the moon, Hexicans!
Note
HEX rejected from $0.28 which was an expected strong resistance level (Daily S/R level and Golden Fibonacci pocket pulled from $0.34 to $0.14. It is currently range bound between $0.28 and $0.14.
KEY LEVEL = $0.22 - Range Point of Control (POC), Supply & Demand Zone and Upper Border of Asteroid Belt Indicator.
With all the confluence within this area, I am expecting the Supply & Demand Zone to hold as strong support level.
A bounce from this level will suggest strong bullish momentum. Otherwise, the next level of interest is $0.19.
Note
HEX must hold the Weekly S/R level at 0.178 for any chance of bullish reversal. Otherwise, I will cut my trade at around 0.16 as a loss of the Weekly S/R increases the likeliness of aggressive selling towards $0.05. Note
Sned it 🚀
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