HEDRON could retrace to 0.618 fb , HEX deadCurrent HDRN price is 38000.Thats exactly on 0.5 fibo retrace .
Its no suprise HDRN started a huge selloff above 71000 . Thats more or less a 10x from the 5000 bottom . (considering not everybody bought at exactly 5000)
If we throw a fibo from top to bottom ,we see that:
0.236 retrace is at 56000 (assets bounces from this fibo when the trend is EXTREMELEY strong
0.382 fibo retrace is at 47000 (bullish bounce -strong uptrend)
0.618 fibo retrace is @ 31000 (good buy but indicates longer consolidation)
and the 0.785 retrace is at ~21000(more like investing type of buy) ...So watch these levels ,if you see a so called "intra" heicken ashi candle (2h seems to work fine),that could indicate a possible reversal /pump.
No bullish case/new ATH for HDRN till it gains back at least the 0.382fibo (47000+) and starts closing 4h candles above this level.
However ,because HDRN is so new ,its not unusual to give back ALL profits and retrace to the bottom (well bellow 10000)
HEX has a much WORSE chart ,no bullish case for HEX under 17,5c and that`s on a weekly close.
ANything under 17c is bearish and we got targets @ 0.085c ; 0.045c and 0.015 aka ~90% down from here .
Hdrn
#HDRN excellent dip occurred. 1.618 target could be a nice 3X if you caught some of these prices this morning.
Watching the order-book is really eye opening in terms of resilience of this newly coin.
Will the token loosely track the #HEX B share price in the future... that seems the design intention of the #tokenomics
Currently 1 HEX B share is $2.34 / 1000 = $0.234
even allowing for a derivative discount to the underlying #asset
10x discount = 0.0234
100X discount = 0.00234
1000X discount = 0.000234
some moon math for you :)
HEDRON (HDRN) 2 HR chart Bull Pennant.HEDRON (HDRN)
2hr price chart
This token is absolutely killing it since launch.
This token has many things going for it.
Its connected with the first certificate of Deposit
token called HEX. HDRN has the capability
to WRAP AND CHANGE/SELL YOUR staked HEX as an NFT...
too many mechaincs to list...But the Bull Pennant is looking great.
Micro cap Gem? #HDRN Hedron Quite bullish on what I am seeing so far in terms of adoption on this newly launched protocol.
The #FUD during launch will most likely fade away quite quickly
Early dumpers will also have this ticker symbol freshly imprinted on their consciousness, so I expect some of those sellers to also turn into buyers If the protocol performs as designed!
#HDRN added to my position on this dip :)What is Hedron;
#Hedron (#HDRN) is a collection of smart contracts that live on the #Ethereum and #PulseChain blockchain(s).
Hedron builds on top of HEX to allow stakers to mint and borrow HDRN tokens against their active HEX stakes.
Hedron also allows stakers to trade their HEX stakes as #NFT tokens on any compatible NFT marketplace.
Hedron has no admin keys and no kill switches.
Just like HEX, Hedron is completely decentralized with zero counterparty risk.
Increasing amounts of liquidity is coming in on this newly launched #Defi protocol
Beware like most new airdrops there has already been lots of early dumpers
I have been testing the liquidity with 5 figure sums and the slippage is quite reasonable around 2.3% currently
Plenty of reasons to believe this protocol will be here to stay, more importantly with a 3-6 month time horizon these early day prices could prove quite profitable!
