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HEX

HEX .28 is INTERMEDIATE levelHEX did well ,breached our 0.24c SL . Our imediate next target was 0.28c (already reached yesterday) As we speak ,price is resting at daily BB upper line& REtesting the long term downsloping BLUE line .This happens when trend is STRONG + However ,the daily!! BEAR !! DMI is closing at 12 (under 10 is usually a strong REVERSAL sign-NOT good for the bulls) Where price will go from here? Easy ! We throw a FIBO from swing low to swing high and we see: .23 fibo is at .277 cents .38 fibo is at .267 cents the big one .618 is at roughly at 18cents ... NOW ! on extremly strong trends price retrace to .23 FIBO(we are currently on that !!!!!!) ...on STRONG trends price will retrace at .38 FIBO (0.267cents) Once price will close under 23 cents ,we are looking to 18c . (this price level is .618 FIBO ,bulls FINAL "hopium") If .18c is breached ,our final target will be meet :0,08c (roughly -60% DOWN and 80+% from where we are now) Conclusion: Daily candle close above .29 should send HEX at LEAST to .36cents (.40cents possible) Daily close above .26 NEUTRAL/BULLISH Daily close UNDER .23c , IMEDIATE bearish (first target .20 then .18c) Under .18c EXTREME bearish and capitulation===> TARGET 0.08c Overall BULLISH if price starts to close under .23c ,BEARISH Easy!So easy!
by Sam111
HEX Bullish SetupMany Cryptos have turned weak as of late with the exception of HEX. HEX many times seems to be uncorrelated with the majority of Crypto and I really like the recent action in HEX. It had around an 80% correction which is something we actually see a lot in Crypto. Both Ethereum and Bitcoin have had 80% corrections in the past that signaled significant lows so maybe this 80% correction in HEX is signaling a significant low. In this chart I show the 50 day moving average, recent swing highs and lows and trend lines I have been following. With HEX regaining the 50 day ma and breaking above the downtrend off the all time highs I see a test of .28 in the very near future. If we can see daily closes above that .28 I think that all times around .51 are very doable in the coming months. I'm wrong on this trade if we see a breakdown below my uptrend.
Long
by anthonycrudele
Daily Crypto Market Update - Are the Bulls returning? Jasmy AltsIn this video: * I start with the stock market indexes, assessing the markets reaction to the FOMC press conference yesterday * Stock markets look to have received the Fed's statements well. * VIX (fear index) dropped as expected. Indexes popped. * All of this positive reaction still must be confirmed on the daily * If the sentiment continues, it will eventually spill over into the crypto space and we will turn bullish again * We are seeing lots of positive signs in the altcoin space * I believe we are at/near our bottom and I like the entry benefits on many coins at these levels
B
by stewdamus
HEX 0.23 cents is at crossroads.As I said in my last update 0.12cent was local bottom !then I called this pump to. As i said back then , 0.23cents will be a make or break price point. What does that mean? If price will close the daily and especially this weekly candle above 0.23c I think there`s a good chance price will retest at least .28cents. If price will roll over in the coming lets say 24-36hours ,and price drops under 0.18c, that`s a serious warning shot ,and price could reach my final target which is 0.085c Giving the fundamentals (pulse swap SAC) ,giving the fact there are no big stakes expiring in the next 5 months I think this thing could turn bullish ... In my chart also noticed an ADAM & EVE bottoming & bullish formation The big descending blue line will be a local resistance (roughly now at 0.28cents) Conclusion: closing above 23cents ,neutral-bullish!(target 0.28) closing above 29cents BULLISH (target at least 0.38cents) closing under 18cents BEARISH (target 0.085cents)
by Sam111
My Vision for the Next 4 months of $HEX on the Ethereum NetworkThis is an outline utilizing fibonacci extensions and elliot waves/corrections aligned with some fundamental events that are scheduled to occur. So far it is looking like the bottom is in. And we are only in wave 1 of a new 5 wave structure that will probably terminate right at the beginning of or just before the start of the pulseswap sacrifice phase. A higher low will be established. Then, impulse wave 3 should occur as Pulsechain launch becomes increasingly imminent and just may take HEX to the 75c area breaking previous ATH's at 50c. Now, once Pulsechain launches, I fully believe there will be a correction on the eHEX side as people migrate value from eHex over to HEX on pulsechain. Not only that, but it will have reached technically a top at the 1.618 level. So it just makes sense for a new ABC correction to occur. However I do believe HEX on pulsechain will rocket. In the meantime for eHEX, it will find a bottom sometime eventually after the fork. That will be wave 4 of the new cyclic 5 wave structure that it will be in. Once dust settles on pulsechain and the price of HEX on pulsechain is established, value will start flowing back into eHEX and eventually form the top of wave 5 somewhere between $1.00 and $1.75. Also, if the general crypto markets have truly gone into a full on bear trend, then that money as well will flow into eHEX as a safety haven, as well as into pHEX as more people figure it out and see Pulsechain working just fine. So that is my thesis for what is to come for eHEX. What I do think is that if eHEX terminates the new cycle high wave 5 between $1 and $1.75, what does that mean for the value of pHEX? Well I definitely think a greater ratio of value will be on the pHEX side vs the eHEX side, maybe 60/40 or 70/30 (phex/ehex). So that means pHEX may be well over $2 - $3. Taking ehex and phex together their combined value within 6 months of the launch of pulsechain may be in excess or equal to $5.
HLong
by Anamnesia
3
Bullish on $HEX. It's possible the 5 wave structure within the C wave has already completed. RSI bullish divergence. Momentum bullish divergence. Appearances of beginnings of a breakout of the downsloping parabolic curve. 2 weeks until Pulseswap sacrifice. Must regain 18 - 21 into support. My previous post "HEX Doom" is worst case scenario and also still possible. So I'm taking a risk buying at 15c. However, with this current chart you can see it's possible the 5 waves have actually occurred already. Also, with everything in crypto going total bearish, that's historically always been the best time to escape into HEX. And it's done over 70% of a correction. Is it enough? I think it may be enough. We shall see. Things look ok to good right now.
HLong
by Anamnesia
1
HEX 0.12c is a local bottom EMA 21 sloping down on every timeframe while price also traveling under this critical EMA :bearish ! EMA 369 (some use 377 in the traditional markets) is holding price down on lower time frames:bearish AF! Daily BB ,price testing the lower band :bearish AF DMI bears are in full control on every time frame(above 25) with the ADX around 30 :theres plenty of room to extend) and gain bear momentum(50+ is extended) RSI on bigger time frames shows that bears are in full control (under 50)->the message is clear:no new ATH foreseeable future ! Trend is your friend HEX is Bearish! Its no secret ,HEX was one of the worst performing crypto in Q4 with prices going back to July levels.That is the definition of a bear market. Hex FINALLY went to my first target which was the 0.125c horizontal support ,identified couple of months ago . Next target is 0.085c ! That would be an 82-83% retrace from ATH .As we know ,this is a strong number for reversal in bear market (btc 20k to 3k was also an 83% retrace before reversal) Will it go straight to 0.08c? Probably not! 0.12cent will be a local "breather". With the comming pulseswap SAC ,whales will play their disgusting game and will pump price back up to possibly .18-.20 cents !Then will dump ,price will dip the usual 50% or more (diluating those who are sacing in hex token).So if price pumps back up ot 0.18cents ,a 50% dump equals 0.09c. Hex above 0.225-0.23c will become NEUTRAL . Everything under .22 is just a dead cat bounce and short opportunity . Hex above 0.29c on daily close ,turns BULLISH and price can target the next resistance which is 0.38-0.42c area.There is a big VPVR volume . The way I interpret this, is that a lot of ppl are "trapped" here and they will most probably wanna sell and get out. -> local RESISTANCE but overall bullish.
by Sam111
1
HEX no more bearish until...Hex regained BB daily middle line...it is NEUTRAL as long as it keeps support 0.228cents...to start looking bullish ,price needs to retest and close above BB uppper line (which now traveling at 30c ish but closing down) DMI bears and bulls are "fighting" under the critical 25 with ADX line slopping downwards....that shows a clear loss of bear momentum ... In a big ,60,70,80% DIP like HEX had,a recovery is never straight forward .So we do expect some retracments at some point.If price starts to close under 22cents ,next pshilogical target is 20 and the BIG one ,18cents. If 18cents wont hold ,price could retest prior low (14c ish ,forming a double bottom) or it can reach our target 10-12cent zone...that would be a lower low on the grand scheme, with a higher or equal low on RSI (bullish div) This 10-18c zone is a "muddy" zone ,there are some clear bottoming and accumulation signs.
by Sam111
1