HEXUSDC_F6DCDC trade ideas
Richards 44D's, resistance is futile ( a double bottom on HEX)Disclaimer: I love Richard, he makes fun of his man boobs, so I felt comfortable adding some color to the title.
Lets do the math!
Do we have break away velocity?
We have a pair of 44D's (double bottom)!
We have a have a ~ Hammer-ish candle on the daily, at least at the time of publishing.
We have more Not-QE Today.
ETH pair is similar, I have been accumulating in my green box since the last chart.
Still I have Questions! Not enough evidence, YET.
Volume and volatility are not on our side, it appears.
If we do blast off, do we need to retest the neckline?????
or
Should we go side ways, put pressure on that resistance until Monday to recharge the Atomic Trans-warp Boosters?????
Projected Range for Hex Bull RunThe bull run for Hex has commenced. The chart clearly shows a broad double bottom formation.
Price is projected to peak somewhere between 8.5 and 39 cents. Obviously, we don't know the future but this projection syncs well with ideas that have been presented by several analysts in the hex community.
It is important to note that this chart does not display the entire history of Hex. The asset has consolidated for the past ten months and is ready for a massive price expansion.
Further, I anticipate major resistance for the price around 8.5 to 10 cents. The sell pressure might induce the market to correct at that level.
However, there is much pent-up FOMO in the Hex Telegram chats which suggests that the price may go much higher.
In my opinion, 39 cents is a max target price for Hex at this point in the game.
Bear in mind, all of this is pure conjecture.
Lastly, a strong bullish sentiment has been observed in the Hex chats since a hedge fund has been staking millions of dollars for 10 and 15 years. This particular hedge fund owns about 8% of all t-shares in the Hex network. This is super bullish for the price since staked coins are burned out of existence so that they cannot be dumped on the market.
Hex is the first financial asset in human history where a user can stake millions of dollars into the deep future (up to 5,555 days!) and cannot get out of that commitment without severe penalties.
Hex Trajectory to $29.60 by the End of 2021This idea is valid if and only if hex price performance is similar to Bitcoin in its early days (2010).
Hex has insanely low liquidity on Uniswap and Quickswap. Therefore, it doesn't take that much economic energy to push the price up to ~ $30.
Furthermore, the price of hex has consolidated for the past ten months so it is ready for a massive expansion to the upside.
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Hex entering endless dumping season for the next ... forever.Hex should be entering a never ending dumping season where hodlers just continuously dump Hex forever. See as end stakers constantly receive an endless supply of Hex, they just dump them. Hex should drop below zero USD for the next 15 years.