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Hegic

HEGIC is cool, how about the token?HEGIC states they are: "THE SIMPLEST OPTIONS TRADING EXPERIENCE" and after playing around with their protocol, I think there is real potential for the protocol... they need to continue growing their protocol adoption/usage while also generating fees... the HEGIC token is the platform's native token and has a right to claim a share of the protocol fees (1% of all options volume traded on Hegic).. fees are paid in the underlying option's asset, which results in stakers receiving a yield in either Bitcoin (wBTC) or Ether (ETH) so adoption of the protocol measured through generated protocol fees will be an important thing to monitor regarding technical analysis.. HEGIC could find support here and start a sustained price reversal towards the top of the channel, but imo this will depend a lot on the underlying protocol growth in the months to come but I'm watching for a decisive move in either direction from here. cheers!
HLong
by youknowram
HEGIC Parallel Channel Opportunity for 2xHEGIC is in a 4 hour parallel channel and it appears it is reaching the bottom of it. Hence it has potential for the next upward swing, which if it follows through could mean a 2x on your investment. The chart is showing the HEGIC € value (for my EUR view trading purposes). Hegic has tremendous potential as it provides a platform for on-chain peer-to-pool options trading built on Ethereum. Hegic protocol just may be a pioneer for peer-to-pool approach to options trading. The project being like an AMM (automated market maker) for options leaves HEGIC with great upwards potential as with more users on the platform the price will continue to rise. Keep in mind the wild swings for this assets and the associated risk. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
HLong
by CarpeMomentum