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!
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!
Note
HEX rejected from $0.28 which was an expected strong resistance level (Daily S/R level and Golden Fibonacci pocket pulled from $0.34 to $0.14. It is currently range bound between $0.28 and $0.14.
KEY LEVEL = $0.22 - Range Point of Control (POC), Supply & Demand Zone and Upper Border of Asteroid Belt Indicator.
With all the confluence within this area, I am expecting the Supply & Demand Zone to hold as strong support level.
A bounce from this level will suggest strong bullish momentum. Otherwise, the next level of interest is $0.19.
Note
HEX must hold the Weekly S/R level at 0.178 for any chance of bullish reversal. Otherwise, I will cut my trade at around 0.16 as a loss of the Weekly S/R increases the likeliness of aggressive selling towards $0.05. Note
Sned it 🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.