Super Bullish about HEX
HEX has been unstoppable for some months now.
In reality this is a top 10 ranked coin.
HEX enjoys a long term stakes at around 40% APY with 5, 10 & 15 year stakes not being unusual.
Because of the staking model we can see a divergance from Bitcoin correlation.
Looking at multiple timeframes we can see some very positive signs in pretty much every timeframe from 30m to 1W.
Short term: 30-min. 1-hr. 90-min. 2-hr. 3-hr. 4-hr. 6-hr. 8-hr.
In all timeframes in this group, the Green EMA is higher than the Energy indicating bullish sentiment.
The Red RSI and Blue LSMA are above 70 in all the short term timeframes except the 8h.
We can as a result expect the price action to reside with the candle bodies for the most part between the Aqua/Orange upper Bollinger Bands, potentially wicking up to the Red uppers.
When the Blue LSMA crossed above level 50, the Bollinger Bands began to expand, this expansion has been propagating up through the timeframes.
The significance of this is that the price action based on the current levels of the Red RSI and Blue LSMA is likely to accelerate to the upside with the expansion.
In the 8h the Blue LSMA is poised to cross above level 50 and we can also see the Bollinger Bands begin to expand.
Also in the 8h, with consideration to the fact that the Red RSI is above level 56 we know we can expect upward pressure to prevail at least until the Energy falls to level 50. This looks likely to be not for another four 8 hour candles at least.
In the NEAR "Group": 12-hr. 24hr. 2-Day, 3-Day, 4-Day, 5-Day, 6-Day, Weekly
With the exception of the 12h, the Green EMA is above the Energy indicating bullish sentiment.
The Red RSI is above level 56 and the Green EMA has turned back up.
Looking at the 12h the Energy is at level 110 and has not yet shown signs of exhaustion - again we can probably expect another three to four 12h candles before the Energy approaches 50 - until then upward pressure should prevail.
I have to go now but will update shortly
As mentioned in previous publications, these markets can change with very little notice. These changes initially manifest themselves in the lower timeframes and propagate up through the timeframes. Nothing is set in stone. Unless you are day trading, you cannot benefit from these early warning signals.
As always - this is not financial advice but just my view of current market dynamics.
One has to be aware that analyses are done on the basis of what the indicators are saying at the time and things can change. It is important to always monitor the scalping group of timeframes as we will see changes propagate up from there.
If you got value from this analysis, please hit the like button
Trade safe
aBL
In reality this is a top 10 ranked coin.
HEX enjoys a long term stakes at around 40% APY with 5, 10 & 15 year stakes not being unusual.
Because of the staking model we can see a divergance from Bitcoin correlation.
Looking at multiple timeframes we can see some very positive signs in pretty much every timeframe from 30m to 1W.
Short term: 30-min. 1-hr. 90-min. 2-hr. 3-hr. 4-hr. 6-hr. 8-hr.
In all timeframes in this group, the Green EMA is higher than the Energy indicating bullish sentiment.
The Red RSI and Blue LSMA are above 70 in all the short term timeframes except the 8h.
We can as a result expect the price action to reside with the candle bodies for the most part between the Aqua/Orange upper Bollinger Bands, potentially wicking up to the Red uppers.
When the Blue LSMA crossed above level 50, the Bollinger Bands began to expand, this expansion has been propagating up through the timeframes.
The significance of this is that the price action based on the current levels of the Red RSI and Blue LSMA is likely to accelerate to the upside with the expansion.
In the 8h the Blue LSMA is poised to cross above level 50 and we can also see the Bollinger Bands begin to expand.
Also in the 8h, with consideration to the fact that the Red RSI is above level 56 we know we can expect upward pressure to prevail at least until the Energy falls to level 50. This looks likely to be not for another four 8 hour candles at least.
In the NEAR "Group": 12-hr. 24hr. 2-Day, 3-Day, 4-Day, 5-Day, 6-Day, Weekly
With the exception of the 12h, the Green EMA is above the Energy indicating bullish sentiment.
The Red RSI is above level 56 and the Green EMA has turned back up.
Looking at the 12h the Energy is at level 110 and has not yet shown signs of exhaustion - again we can probably expect another three to four 12h candles before the Energy approaches 50 - until then upward pressure should prevail.
I have to go now but will update shortly
As mentioned in previous publications, these markets can change with very little notice. These changes initially manifest themselves in the lower timeframes and propagate up through the timeframes. Nothing is set in stone. Unless you are day trading, you cannot benefit from these early warning signals.
As always - this is not financial advice but just my view of current market dynamics.
One has to be aware that analyses are done on the basis of what the indicators are saying at the time and things can change. It is important to always monitor the scalping group of timeframes as we will see changes propagate up from there.
If you got value from this analysis, please hit the like button
Trade safe
aBL