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HEX / USDC

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HEXUSDC_F6DCDC trade ideas

HEX LONGAfter making the full measured move of the previous flag (marked in green) HEX looks to have pulled back to the .618 (previous all time high breakout to the latest all time high). Targets are based off another flag poll measured move and a fib extension. Thinking HEX will just keep pumping until screen shot is taken for the Pulse network air drop. MACD is looking like its building momentum RSI has been rest nicely (4 hour time frame). Any thoughts / criticisms welcome.
Long
by KubanKilla
2
HEX 5 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
How Will HEX Perform in Anticipation of the PulseChain Snapshot?The PulseChain sacrifice is over. The next major event for HEX investors is the PulseChain snapshot. PulseChain is a fork of Ethereum. At the time of the snapshot, it will copy the exact system state of the Ethereum network. Those who hold liquid and staked HEX at the time of the snapshot, will receive a duplicate copy of liquid and staked HEX on PulseChain once it launches. No one knows the exact date, time, or block of the snapshot. I expect that this fork will create a massive buying frenzy for HEX since everyone will want a copy of their liquid HEX and t-shares. The new support for HEX is 12 cents. If the price does a 10X move, then it will reach $1.20. If 100X , then $12 per HEX. Those who are hoping and praying for cheap HEX below 12 cents are delusional. The price already retraced about 64% from the all time high of 21.8 cents. That was the dip. No one gets cheap HEX.
Long
by UnknownUnicorn20062932
5
HEX BreakoutJust days ago I posted an idea on HEX and how we wanted to wait a little while before seeking any longs. Well now, it may be time to seek longs as it has now checked off 2 major boxes from a bullish standpoint: 1) In the last 24 hours HEX has broken out of our bearish downward sloping trendline and is about 30 minutes from confirming on the daily time frame. 2) It has beautifully found support at the .236 fibonacci level and it appears to be exiting its distribution phase and entering an accumulation phase that would give it the base it needs to begin a markup in price. These 2 simple yet powerful reasons are enough to open a position for a long with a target to our swing high at $0.171 and a tentative profit taking target at $0.1593. There is also a lot of support below our .236 fibonacci level so feel free to use stop losses as your own gut tells you to.
Long
by TradeVibez
HEX DistributionThis idea will be labeled as bearish but it should it be noted upfront that I am bullish.. just not at this immediate moment. But I am closely watchful due to the fact that HEX has bullishly engulfed and formed what might be a tweezer bottom candlestick formation on the 4 hour time frame, which are technically seen as reversal patterns. HEX seems to print these formations a lot as it did similarly just over a week ago before running up 60% to all time highs. And now we find the asset in the process of doing it again should this bullish engulfing 4 hour candle close confirm. It is this reason that although the price action is getting rejected currently by my .236 fib level, as well as below a bearish downward sloping trendline that has been serving as resistance since the top, I am watching closely. Also, the first important critical area of resistance sits just inches over the current price's head and could therefor be smashed through any moment. Likewise, a rejection can occur and send the price bearishly wicking right back to the downside. Unfortunately, these things are also why I must mark this idea as bearish and warn against any immediate longs until at MINIMUM the price breaks back above the red .236 fibonacci level I have labeled and ultimately break the bearish, red downward sloping distribution line that has kept the price under water since its peak a few weeks ago.
Short
by TradeVibez
Hex getting ready to double again? I see a lot of .05 cent or lower calls on hex and while it is possible, i don’t see it as probable. We just had a capitulation dip to .075 that closed above .13… the buyers are stronger than the sellers right now and hex is finally gaining virality at a time when most crypto’s are still down over 50% from ATH. Over 1 billion hex has been sacrificed for pulsechain’s new launch and we are assuming the hex sent to the sacrifice address will never be sold(essentially burned)Thus reducing circulating supply even more drastically than before. My basis on hex doubling once more is strictly based on the chart and underlying fundamental analysis. 1$ plus likely by the end of the year
Long
by trapiavelli