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HEX

Still on Target HEX/USDC end of bull run is still months off.We are still on-target in my Elliot Wave analysis on HEX/USDC the Ethereum token which functions as a store of value with a yield rewards for those who stake their coins. We just finished the 5th wave of the smaller cycle (red) impulse. We have also seen a fast zigzag correction drop back to between 7 and 8 cents for wave 4 of the larger cycle (blue). This may retrace again to make a larger 3 wave correction (WXY) and then the larger cycle will go for its wave 5 and terminate somewhere around $0.50-$0.70 cents. Then we will dip down for a supercycle wave 4 (white) with a WXY correction. Lastly followed by the last bull-run which is supercycle (white) wave 5 which should see a target of between $1.40 and $2.20
Long
by Since82ny
4
HEX final leg before deeper correctionStill bullish sentiment on HEX/USDC as we have been consolidating for nearly a month now. My Elliot Wave Analysis is still the same but now with a higher target for this wave 5, it looks like we are winding up for an extended wave 5 here which will move very fast. We have satisfied the rules for a ABC or "Flat" correction with the C wave as an ending diagonal for wave 4. I am expecting the bullish trend to continue and my target is around $1.60. The reason why HEX can get this and even much more expensive is because there is only roughly 80 to 90 million HEX left to buy on the market. Once this HEX starts to go away the ratio of HEX available to USDC in the liquidity pools will continue get lower and price will keep getting higher and higher because of it. This coin was engineered to do insane gains like Bitcoin, why? Because the available HEX anyone can buy from the liquidity pools is scarce. Eventually supply will be replenished from Stakers who dump inflation on the market which is EXACTLY how Bitcoin functions with supply and demand. Do not be surprised one day to wake up with $500 HEX years down the road. Thinking about HEX in terms of Market Cap is backwards thinking. Market Cap doesn't have anything to do with available supply. If supply is smaller than demand, supply has to be split up in order to satisfy the demand, thats inflation 101 and its as simple as that.
Long
by Since82ny
5
HEX 7.4 RRR longTrading Methodology: 1. An asymmetric bullish / bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
Long
by fiboracle
1
Bullish Elliott Wave Analysis UpdateHEX/USDC Elliott Wave Analysis Update: We are currently consolidating and making a smaller degree wave 4(orange) in preparation to complete the smaller degree wave 5(orange) this last leg will also complete the larger cycle wave 5(blue) and could get as high as $1.00. This will also complete SuperCycle Wave 3(White) Then we will retrace for a few months just as HEX did back in May 2020 when it had a 6 month correction between the high's of $0.006 and $0.014 This time we may retrace for a shorter time, possible 3-5 months, while wave 4(White) is in process. Then finally the big bull run of wave 5 which my target is between $1.50 and $3.00. This will complete the first Grand-Cycle impulse on HEX just as Bitcoin did when it ran from $2.20 to $1,046. Then similar to BTC, HEX will retrace likely between 50%-61.8% probably not more, thanks to stakers holding the price up.... Then HEX will start its major wave 3 Grand-Cycle bull-run like BTC did to $20,000 in 2017 this bull-run should go on for a few years. Comparing HEX in its timeline to BTC we are around the time where BTC was on its run to $1,000... It is still VERY early in HEX.... For further reference when BTC went from $2.20 to $1,046 this was a $47,445% move. The same in HEX from the BigPayDay Dump would give a target of about $0.99c Happy trading all!
Long
by Since82ny
2
#HEX consolidation continues #HVF pattern still valid Notice how the selling of this 3rd down draft is at a reduced angle in time. In amidst the regulatory pressure from Gensler and his wide net approach of calling everything a security It is more important to ever to note the unique properties of HEX No ICO No Premine I year launch phase during which Bitcoin holders were able to claim and mint their own HEX using a cryptographic signature completed product from day 1 No roadmap or team of developers to fund. Users mint their own coins/rewards/interest No centralised authority is required. Coins trade on DEX's In essence true defi
Long
by BallaJi
2