HEX
$HEX Doom.I was previously bullish on $HEX for good reason considering aforementioned reasons in my previous trading view publication linked below.
However I have flipped bearish again because of the solid break below 17 - 18 c. The failure of the bullish shark harmonic is disturbing. But it is what it is.
I've painted the next supports below. Fib extension .618 is about 8 c which is a historical support level just previous to beginning of the sacrifice phase.
Just as there were 5 waves inside of wave A, and then you had a wave B relief rally, it makes sense there also be 5 waves inside of wave C.
I really want HEX to go up and to be bullish but just can't.
$HEXIt makes sense HEX would at least retake previous ATH's and possible surpass by it a certain margin before falling off once the fork takes place. I believe the ratio of value between ehex and phex post fork will be 20% / 80%. Thus, ehex may fall back down to $0.20 -> $0.37 while phex will be over $1.00.
Also I believe BTC and ETH are in for a major correction. And historically since the inception of the existence of HEX, HEX has been inversely correlated (not "decorrelated") to the predominant trend in BTC and ETH.
These confluence of variables, BTC and ETH charts looking bearish for the next couple of months, Pulsechain launch coming around February, and the fact that the chart of HEX having completed a 71% correction with confirmations of many factors pointing to the notion the bottom is in, lead me to believe HEX is poised to rise again.
BTC Chart : twitter.com
ETH Chart : twitter.com
HEX on the 8HRbullish div with money flow curling up.
Sitting on previous runs resistance and using it as support
Hex doing its own thing- Bullish divergence forminglooks like we're finally seeing some reversal with hex in green compared rest of market
- green daily candle forming on heikin ashi
- bullish divergence on RSI daily
Again keep adding to your bags slowly, I've added another 10% here.
false reversal,
May get downside to 0.12c still but unlikely at this stage.
$HEX is ready to move. I think HEX is ready to move up again.
Lots of confluence around this level of 18 c.
HEX LONG - To the moon HEXicans!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!
HEX capitulation incoming ?2hr BB with 21 EMA middle line and DMI ADX also on 2hr were two good indicators in the past.
HEX is under 21 EMA on every time frame .Furthermore, this EMA is sloping down ,indicating extreme weakness.
DMI bears are gaing momentum with the ADX re-seted under 25 .
Price had a good reaction at horizontal support 0.18c ,which is a MAJOR support.This support was identified back in september.
If 18c breaks, and price starts to close 2h candles under 18c ,everything is pointing to the next major horizontal support which is 0.126 cents/hex ....
If 0.12cents wont hold ,10 cents/hex is psychological support ,with 0.085c another MAJOR support ,identified back in the summer.
ATM i dont expect lower prices .
To regain bullish momentum ,price needs to close above 28cents ,at least @ 4hr ,preferably on the daily.
HEX/USD Bullish SharkYou usually get a backtest of the PCZ but this might just keep running up. Each of the FIB levels can be take profit levels. If we stay super bullish look for the 1.272 and 1.618 targets. HEX to a dollar! ;)
Bitcoin possible bearish fractal spotedBTC did new ATH with bearish diverengence on the DMI ...If history repeats itself ,we might have another push (probably to 70k)to grab that final liquidity on lower high @ dMI and we price could print triple bearish divergence. We had one back in May.Just like in May ,the ADX is also low ,signaling a strong move.We lost daily BB middle line ,that usually indicates a retest of the lower line ( bearish ) If fractal plays out ,a big dump could play out in the next 2-3weeks.
On the grand scheme,a double top ,one in May at 65k and now at 69k ish ,would look extremly bearish and could send BTC into a prolonged bear market
Target1 :22k
Target2:19k
Target3:14-15k
Bitcoin.Can history repeat itself ??BTC did new ATH with bearish diverengence on the DMI ...IIf history repeats itself ,we might have another push (probably to 70k)to grab that final liquidity on lower high @ dMI ...thats called triple bearish divergence. We had one back in May.Just like in May ,the ADX is also low ,signaling a strong move.We lost daily BB middle line ,that usually indicates a retest of the lower line (bearish) If fractal plays out ,a big dump could play out in the next 2-3weeks.
On the grand scheme,a double top at 65-70k would look extremly bearish, and could send BTC into a prolonged bear market
Target1 :22k
Target2:17-19k
Target3:14-15k
HEX - Big Spike - what follows will be monumental for ALL CryptoIf you haven't heard of HEX, it's time to dig in ASAP. It is the only Crypto I know of paying a yield for staking somewhere north of 30% / year.
Hex.com
Additionally, the proprietor Richard Heart was not satisfied to have made a fabulous entry into the crypto world, so he is literally forking ALL of the ENTIRE Ethereum Network on a Proof of Stake model that will have have significantly lower gas fees. Take that in. It's an insane sentence - and there's more.
He's not just forking Ethereum, but copying the current network state, including all of its assets, onto the new network Pulsechain.
And of course, the Pulsechain network will have its own coin, Pulse.
Now for the craziest part, all the coins you own on the ERC network will be duplicated - so you will own twice as much. And you'll be able to trade it. See here, under "Bridging"
I think. Do your own due diligence. That is my understanding.
If that's true, then there's almost no way that every single person in the crypto world won't sign up to receive their duplicate coins. That immediate supply could send prices lower for a short time (or longer)... particularly if everyone sells their brand new minted money. But I don't think they will. And they will very likely be taking part in Pulse and Pulsechain.
And this news will rock the entire cryptosphere. The spike today was long overdue, and the daily RSI reached peak oversold a few days ago so we expected it... but there is also news that Pulsechain may launch as soon as November, so time may be very limited to get Hex - the only asset available now (can't buy Pulse yet) that is a part of this game-changing activity.
And the chart looks fabulous (at least as long as TradingView doesn't break my hard work).
Best of luck.
This is not financial advice, it is a hope and a prayer for a better world starting today, and every day we wake up. Here's to breathing.
#HEX vs #BTC what if... it is forming a fractal?The pattern seems similar
but on a condensed timeframe
which would infer Bitcoin to to accelerate into its 4 year cycle top
HEX to keep up
and then breakout again.
HEXUSD it's finally happening?!it's finally breaking through the resistance! 4 more heavy resistance to go before 1 USD target.
#HEX vs #Ethereum beautiful bounce off a legacy topHEX if you don't know
has outperformed all of Bitcoin gains during its various bullruns.
And ETH's runs from 30 cents to $1400
BY design of the network.
In HEX you are Paid
to hold the price up.
This is a job that I gladly accepted.
What are you going to do?
To get rewarded during the downturn.
Hex major support at 0.12major support at 0.12 on long term support line created 1 year ago.
- major volume started on july 13th, market maker started buying @ 0.085
- with consideration to OGs that will sell some profits and market maker also selling down
- with new onboarders increasing daily (almost 86,000 new addresses since july 13th)
- Eth gas fees possibly also causing new onboarders to wait it out therefore limiting damand.
- Hex's fundamentals continueing to lock up (stake) around 35% of available hex in circulation.
- considering the above factors we should see some price appreciation due to continual demand coming in- hopefully confirming the chart with a strong bounce above 0.12
- also possible double up to 0.96 at 126 days- 14th january, since this is the longest double up period over hex history, hopefully comes sooner.
- with pulsechain and pHex coming soon, more buying pressure is likley to come in to capture the snapshot.
- only downside risk is hexETH pair forming a head and shoulders pattern, but if it breaks past shoulder then will be invalid.
- setting up a buy ladder down to 0.12 but heavy around 0.16 --- the bigger the difference between the 0.12 and actual hex low on this downtrend, the more bullish we get
- the key is we keep continueing to get more new onboarders- eventually when the market maker sells down to minimum holdings, we will flip.
#HEX up over 42% in a day!Hope some of you caught those wonderful prices in the teens.
crytpo's as we all know correct 60-70%
some never recover of course
HEX has suffered many such corrections over the course of two years of operation.
an ideal scenario for me would to get back n the 30's
dip/consolidate
so e can get a measured move well into the new highs.
37% APY remember on average length stakes
around 12% for one year
and getting into the 60's for max length bonus length stakes.
Stake it until you make it.