HEX is losing steam
Updated
HEX shows double bearish divergence on 4hr and daily,and on smaller time frames triple bearish divergence (price with higher highs ,RSI & DMI lower highs)
DMI 2h ,bear line is already above bull line with ADX completley reseted for a (bear) run
1hr ,2hr 21 EMA already sloping down : its not the sign of fit & health
RSI on 2,3,4h already under 50 ,bears are in full control
1.As long as price stays above 0.275-0.28c ,no worries ,there`s a decent chance price will go to at least 0.35-0.36c
2.Once price starts to close under 0.265c target is .23c
3.If price goes under 0.18c ,then we should meet our final target : 0.085c (-60%)
Remember ,price action reflects supply & demand ratio in the end of the day (and thank God in hex theres plenty of supply lol) and TA helps take EDUCATED GUESSES,nothing more.
DMI 2h ,bear line is already above bull line with ADX completley reseted for a (bear) run
1hr ,2hr 21 EMA already sloping down : its not the sign of fit & health
RSI on 2,3,4h already under 50 ,bears are in full control
1.As long as price stays above 0.275-0.28c ,no worries ,there`s a decent chance price will go to at least 0.35-0.36c
2.Once price starts to close under 0.265c target is .23c
3.If price goes under 0.18c ,then we should meet our final target : 0.085c (-60%)
Remember ,price action reflects supply & demand ratio in the end of the day (and thank God in hex theres plenty of supply lol) and TA helps take EDUCATED GUESSES,nothing more.
Trade active
Trade is active ,23c in the cards . If 23c wont hold (most probably won`t) ,next target is 17c-18c . If 17c starts to break ,a much bigger dump is in the cards and price will meet our final target : 0,085c Conclusion :short.
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