HEXUSD Bottom is in! Excellent x10 profit opportunity.
HEXUSD has had the strongest 1W green candle last week since the week of October 16 2023. It closed a week above the 0.236 Fibonacci level for the first time since July 10 but the biggest bullish development is that the 1W MACD histogram broke above its Descending Lower Highs trend-line, which is a major divergence from the early 2023, indicating that the market bottom has most likely been priced last October.
As a result, we are now looking at HEX's upside again with the first natural Resistance level being the 0.382 Fib, which is where the 1W MA50 (blue trend-line) is headed to. That is our short-term Target. On the long-term we are aiming at the 0.133750 Resistance which from the current level it is more than x10 returns. However we are willing to commit to that only if the 1W MA100 breaks (and closes a candle above), which is where the massive March 20 2023 rejection started or after a pull-back to the 0.236 Fib again.
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As a result, we are now looking at HEX's upside again with the first natural Resistance level being the 0.382 Fib, which is where the 1W MA50 (blue trend-line) is headed to. That is our short-term Target. On the long-term we are aiming at the 0.133750 Resistance which from the current level it is more than x10 returns. However we are willing to commit to that only if the 1W MA100 breaks (and closes a candle above), which is where the massive March 20 2023 rejection started or after a pull-back to the 0.236 Fib again.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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