HEX in a Wyckoff type of accumulation (daily), phase A
Updated
HEX could be in a Wyckoff type of accumulation. If so ,price action is after the selling climax (which was in June) ,and now we are at the end of phase A (we should see a marginally lower low very soon) sub 0.02c!!!
Phase B will be the longest phase (3 months or more) . It will be a more bullish phase ,where price will consolidate near resistance (0.04c-0.07c) giving "investors" hopium that the bottom is in
Phase C will be a short and sharp decline ,the ultimate capitulation . This happens usually at a black swan event or whales simply testing liquidity, dumping price and rebuying NEAR ultimate support. Sometimes price does lower lows or marginally higher lows on the grand scheme. ( +/- 0.02c )
This could play out probably Q1 next year
Phase D will be a sharp BUY . Will play out in Q1 or Q2 next year. At this point nobody will care cuz everybody will be REKT
Price could reach new yearly highs ,first 0.114 then the good ol` 0.168 cent area .
Conclusion :selling now is quite stupid (exept if u are still up 10-100x) hex could be a good buying oportunity UNDER 0.02 ....
I`m buying at 0,019 cents ....from this point a 5x should be easy in this shitcoin .
LONG
Phase B will be the longest phase (3 months or more) . It will be a more bullish phase ,where price will consolidate near resistance (0.04c-0.07c) giving "investors" hopium that the bottom is in
Phase C will be a short and sharp decline ,the ultimate capitulation . This happens usually at a black swan event or whales simply testing liquidity, dumping price and rebuying NEAR ultimate support. Sometimes price does lower lows or marginally higher lows on the grand scheme. ( +/- 0.02c )
This could play out probably Q1 next year
Phase D will be a sharp BUY . Will play out in Q1 or Q2 next year. At this point nobody will care cuz everybody will be REKT
Price could reach new yearly highs ,first 0.114 then the good ol` 0.168 cent area .
Conclusion :selling now is quite stupid (exept if u are still up 10-100x) hex could be a good buying oportunity UNDER 0.02 ....
I`m buying at 0,019 cents ....from this point a 5x should be easy in this shitcoin .
LONG
Note
Overall still bullish on this shitcoin especially if it hits 0.02cents...right now i dont see anywhere in the chart 0.01 or sub 0.01c prices.... as for new ATH target could be anywhere between .70 to .90 cents . I don`t see hex in the multi dollar range in the comming bull marketNote
This was spot on once again. Thank you ,topic closed .
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