HEX/USDC Descending Broadening FormationOverview:
Pair: HEX/ETH
Exchange: Ethereum DEX (Decentralized Exchange)
Timeframe: 4-Hour Chart
Technical Analysis:
The HEX/ETH pair on the 4-hour chart is displaying a descending broadening formation, which is a reversal pattern signaling potential changes in market sentiment. Let's delve into the key observations:
Key Observations:
Descending Broadening Formation: The price of HEX/ETH has been forming lower highs and higher lows, creating a descending broadening pattern. This often indicates increased volatility and indecision in the market.
Volume Analysis: Observe changes in trading volume during the formation. Increasing volume during the broadening formation can signify potential increased interest and participation.
Reversal Potential: Descending broadening formations are typically seen as bullish reversal patterns. However, confirmation is crucial, and traders should wait for a breakout above the upper trendline for a clearer signal.
Trading Strategy:
Entry Point: Consider entering a long position if HEX/USDC breaks above the upper trendline of the descending broadening formation.
Stop-Loss: Set a stop-loss just below the breakout point to manage risk.
Target Price: The target price can be set by measuring the height of the broadening formation and projecting it upwards from the breakout point.
Risk Factors:
Cryptocurrency investments carry inherent risks. Always use risk management tools and conduct thorough research before making any trading decisions.
Disclaimer:
This post is for educational purposes only and is not financial advice. Always conduct your research and consider consulting with a financial advisor before making investment decisions.
Conclusion:
The descending broadening formation on the HEX/USDC chart suggests a potential bullish reversal. However, confirmation through price action and volume is key. Keep a close eye on the development and trade responsibly.
Hexicans
HEX - Buckle Up HEXicans It's Gon Be A Rough Ride :DHEXicans wut is your profession? Awoooo Awoooo! For now the strategy is to retreat to $0.018 - $0.015 zone gather some support there and try another offensive at the Unbelievers of HEX! But bear in mind that support at that zone is a bit weak, but support at $0.0096 - $0.0072 is strong I'm sure the offensive at #HEX Unbelievers there will be much stronger! Pump or Death HEX will win!
- Weekly MACD (Bearish)
- Weekly Pekipek's Divergence BETA (Bearish)
- Weekly RSI (Neutral)
- Weekly Stochastic RSI (Bearish)
- Weekly Cipher (Bearish)
- Weekly OBV (Bearish)
Even the shat coins can pump sometimes!Not my favorite fundamental crypto opportunity, but I'll be honest and say there good % to be scalped. This could rip pretty good! Notice the strong reversal action from the doji before at the very same level. I would bet this is not different. Not financial advice, Never HODL HEX, do your own research. #dumpsterfirecoins
HEX Chart UpdateHexicans WUT IS UR PROFESSION? AWOOO! AWOOO!
The unbelievers had a good defence at resistance, short term strategy -> retreat and mount strong support at $0.022. I'm 90% sure we will see #HEX under $0.022 and 10% sure we will se #HEX under $0.010.
HEX The Unbelievers of HEX : DUpdated Long Term Analysis of HEX. Please refer to the previous chart "HEX Sling Shot to 31,000,000% Within The Next 3 Years"
HEX Sling Shot to 31,000,000% Within The Next 3 YearsHEXicans rejoice :D, HEX will leave a lot of the haters with their jaws dropped, they think 10,000x was the highest gain HEX has to offer! This is a long term analysis of $HEX.
#hex #hexicans #hexusd #longhex #hodlhex
BTC HEX ratio. Resistance level. Long HEX.Key arrows showing a possible reversal. Hex has allocated a huge amount of tokens towards developing Pulsechain / PulseX, lowering the supply of Hex on the market. Long term, very bullish. If this will become the long awaited extension of Hex dominance vs BTC, we'll soon find out.
HEX bottoming?(log charts; contains images - best viewed on desktop app, mobile app distorts the size)
HEX currently @ strong support 0.145-0110 (market structure). Today's price reaction looks fine as HEX is starting to bounce. Now if you think the yellow upward channel has been definitively broken, then let's check the weekly chart... 👇
My impression is that the yellow uptrendline (channel lower edge) break could be just fake and price will get back above it in the coming days/weeks.
Also on that weekly chart notice the TD Sequential which will print red "9" by the end of this week which is bullish sign.
To sum it up: I think we may be near bottom. So in case the price will go up there are resistances in form of orange and red downtrendline. IF broken and IF HEX will play catch up with the yellow channel upper edge, then we could see another round of insane gains. Why not $7.77? I'm loading the boat.
TA looks bullish and that's enough for me (I'm not even talking about the fundamentals). Will update this idea if I see anything worth it, so don't forget to check later.
Shout out to all HEXICANS! ✌️
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
HEX is beautifully positioned for a move to the upsideIn this trend analyslis I show that HEX is about to potentially have a small dip to around 0.1105 before mooning towards $0.17 and then it should go on to make new all time highs. I also doubt that we will ever see HEX below $0.10 ever again. accumulate now if you can
HEX has finally come down into my buying zoneIn this chart I show that HEX has finally come down and entered into the buying zone which I have had marked out for a couple of weeks already. The time to buy is now. I am expecting a very quick turnaround to happen in the next few days, where HEX will start to move back towards the upside and eventually to my first price target.
HEXUSD ForecastingHi fellow traders,
Since Hex is relatively young, hence it's harder to analyze. Once we have more data, we'll be able to do more accurate predictions. For now this all I got.
We have a huge symmetrical triangle forming. There are more bull flags forming in the short term. Overall I'm pretty bullish actually.
The blue dashed lines are possible price action trend trajectory. Higher the opacity, higher the chance of happening.
HEXUSD short term analysis.Looking pretty bearish short term. Looks like a descending triangle pattern. We'll know soon enough.
HEXUSD sac for pulse X?This one is for my hexicans and those waiting for the right moment to sac for pulse X...
Pulse X rates going up in 30mins. Does it matter? Just a bit if the price of hex goes up...
Currently we're seeing a broadening ascending triangle. Which has a high probability of breaking bullish. In addition, a lot of times these kind of patterns also forms reverse head & shoulders. Which has a high probability of breaking bullish also. If the reverse head & shoulder pattern happens. Price will head towards retesting next resistance.
Don't recommend (day)trading. However, if you do. You might wanna check out my indicators. Good luck and may the trend gods be with you!