HEXUSDC_F6DCDC trade ideas
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!
Sellers Are Done PlayingBuyers ready to jump into market. Sellers are exhausted. They are almost out of ammunition. Buyers will regain control once large bag holders who are selling are shaken out. Better to weed out unbelievers now at a lower price rather than later so that they take less economic mass with them when they leave.
HEX Retest of 51.7 CentsHEX has formed a solid double bottom after much panic selling. It is ready to reverse and retest all time high. This chart isn't really about timing. It is mostly about the price levels that it must travel through to get back to the all time high.
Broken supports become resistance points for the price. However, large buys can melt through these resistance points like butter. This is especially true when the liquidity is low.
And, we may see exchanges start to buy hex so that they can offer it to their clients. Poloniex recently listed HEX. Other exchanges may follow.
HEX: One Giant Bull Flag to $32.54When you zoom out on the weekly chart, HEX is forming one giant bull flag pattern. Extreme selling leads to extreme buying. Supply shortage coming since expiring stakes are DECREASING. Demand for t-shares (money printers) is INCREASING.
Demand > supply implies that price has no choice but to go up.
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 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.
HEX to $7.19 by 1/10/2022In the early days of HEX (chart doesn't show the full price history), the price went up 49.8825 times in value after a 72.48% dip. The price recently crashed 72.09%. IF and only IF HEX can duplicate the same type of move then the target is $7.19 by 1/10/2022 (a 9 week bull run like the previous one).