HEGICUSDT FALLING WEDGE BREAKOUT💥Hegicusdt brokeout of the falling wedge with impulsive moves above the resistance levels. Hegic is prone to the specified targets.
Entry Price- $0.13 - $0.14
Price Targets - $0.2 - $0.47
Take profit at the points specified on chart.
Stop Loss - $0.12 Approx. 10% risk (high reward)
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Hegicbtc
HEGICBUSDHEGIC retested the previous support with a bullish pattern to breakout out of the rectangle. Price targets have been listed on chart. Appreciate my effort by giving a thumbs up and a follow.
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!
