#HEX vs #ETH one crazy S/R Line A great study of a Key level / ratio
Key levels on charts are where significant price action occurs over the course of time.
For the HEXETH chart 0.000002 has proven one of the most interesting and pivotal for sure.
If we had of broken down these past 5/6 months
Then it could be argued it would be signalling an abandonment of this project ( at the least on the ethereum side)
but the continual support and wick action indicated footsteps of big players coming and seeing it as a value zone.
This could be a nice spring for this ratio going forward. With a W formation also appearing to be forming.
Best of luck in your speculations.
HEXWETH
#HEX bear market low target priced in #ETH
We have two major patterns on the chart
The W formation that kicked that triggered on HEX's fabulous Bull run
and the complex Head and shoulders top, with the two right shoulders
Final lows could come within weeks or months.
And I expect Hex to remain at downtrodden valuations against #Ethereum
till V3 testnet of #pulsechain and and a return to form of Richard Heart, back to what attracted many to the HEX ecosystem in the first place!
MORNING $HEX 4.17.21 I TAKE A LOOK AT THE IMPRESSIVE REBOUND IN PRICE AND TECHNICAL CHART PATTERNS AND WHIP THROUGH THE INDICATORS.