As 2022 begins, we start year 2 of the Market Cycle. This is my predicted floor based on history.
This chart hasn't been touched in months and i'm pretty sure my bottom call is spot. Hater's think otherwise. History tends to repeat itself and I don't think things are much different today than they were in the previous cycles. We continue to win. Macro over everything.
After failing to respect an inverted head and shoulder pattern, HEx has seen lows of 0.10 cents in the past few weeks. Now, we are seeing it push aggressively towards 0.20 cents. This chart will help us understand the way price action is playing out. Currently, I have no expectations for Hex price. The fact is, with only 40% of all Hex being liquid and 60% locked...
If he hold this inverted head and shoulder formation, Hex price can continue a historic run and make its way to surpass new local highs at 0.35 cents. Here are the key levels I am looking at for the next few weeks.
We are entering year 2 of the 2021 Market Cycle for ETH. We are expecting prices to fall as history has shown before.