HEXUSDT One of the best buys in the market right nowHEX (HEXUSDT) is on a strong 3-day rise after it hit the bottom (Lower Lows trend-line) of the Channel Down pattern that started on the August 14 2022 High. We have used the 1D MA50 (blue trend-line) as a short-term target before and this is what we are after again. On the medium-term we expect a Lower High of the Channel Down to be formed on the 0.618 Fibonacci retracement level, ideally as close to the 1D MA200 (orange trend-line) as possible, which is the long-term Resistance.
A 1D candle closing above the 1D MA200, constitutes a bullish break-out long-term and the return of HEX to the Bull Market. On the other hand, an early break below the December 29 Bottom would be a bearish signal targeting the Lower Lows trend-line of the Channel Down.
Notice how the oversold (green circle) and overbought (red circle) levels on the 1D RSI can be ideal buy and sell entries respectively. Such an oversold RSI signal was flashed last week.
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Hexusdtsignals
HEXUSDT Bullish signalHEX (HEXUSDT) has been trading within a Falling Wedge pattern since July. Today it is on a strong 1D candle with the RSI rebounding on the 30.000 oversold barrier. Having priced a new Lower Low at the bottom of the Falling Wedge, this move has the potential to hit the 1D MA50 (blue trend-line) on the short-term and the 1D MA200 (orange trend-line) on the medium-term, before making a new Lower High on the Wedge.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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