10,000x incoming for HEX claims Richard Heart
Founder of HEX makes news for being summons/charged by the SEC and making claims of new investors being able to make 10,000x gains by investing into HEX. With such a major statement it's time to take a look at HEX.
HEX has been in a long term down trend, just like every crypto during this bear market. Its a bit worse for HEX though being down 99% from its all time high. 10,000x gains is a bold statement to make and I honestly don't see that happening for a crypto with no use case, but then again what did DOGE do a few years ago?
The weekly time frame on HEX looks bottomed out. HEX has been moving sideways since June 2023. it's very difficult to do technical analysis on a coin when its been side ways for so much time after a long term down trend.
With the strength and potential bull market that Bitcoin has kicked off I'd definitely say HEX will eventually have a relief rally. Then if capital flows into HEX fireworks can definitely happen. what needs to happen first? HEX needs to retest the over head purple trend line/lines without a full 100% retrace(to current lows). After we break trend lines Hex will need to reclaim and have weekly candle closures over the blue .236 fib level. Once the 0.08 levels are met and holding strong then all eyes/attention/hype would be back on HEX(.08 from current price would be a 1,500% gain).
Similar to DOGE, looks like HEX will have to go parabolic in order to go parabolic. Huge potential gains on the table for fan favorite HEX. Also a lot of risk on the table with HEX due to the legal issues going on with Richard Heart.
Trade smart.
HEX has been in a long term down trend, just like every crypto during this bear market. Its a bit worse for HEX though being down 99% from its all time high. 10,000x gains is a bold statement to make and I honestly don't see that happening for a crypto with no use case, but then again what did DOGE do a few years ago?
The weekly time frame on HEX looks bottomed out. HEX has been moving sideways since June 2023. it's very difficult to do technical analysis on a coin when its been side ways for so much time after a long term down trend.
With the strength and potential bull market that Bitcoin has kicked off I'd definitely say HEX will eventually have a relief rally. Then if capital flows into HEX fireworks can definitely happen. what needs to happen first? HEX needs to retest the over head purple trend line/lines without a full 100% retrace(to current lows). After we break trend lines Hex will need to reclaim and have weekly candle closures over the blue .236 fib level. Once the 0.08 levels are met and holding strong then all eyes/attention/hype would be back on HEX(.08 from current price would be a 1,500% gain).
Similar to DOGE, looks like HEX will have to go parabolic in order to go parabolic. Huge potential gains on the table for fan favorite HEX. Also a lot of risk on the table with HEX due to the legal issues going on with Richard Heart.
Trade smart.