HEX may reverse from this point and retest the 49 cent area. It might take longer than projected but it will get there. **NOT FINANCIAL ADVICE. PURE CONJECTURE.**
Let's see if HEX can duplicate its price performance from The Big Pay Day crash to the all time high. 17 cents appears to be a solid support to bounce from. Potential horizontal resistance and support lines are featured on the chart. **Pure conjecture. NOT FINANCIAL ADVICE.**
This idea is the amalgamation of multiple ideas into one. I'll flesh this out a bit. The all time low for hex (not featured on the chart) occurred on January 5th, 2020 where the price dipped to $0.00005655. In the early days of BTC, its price went on the following trajectory: 8.58 cents --> 5.05 cents --> 39 cents --> 19 cents --> $1.09 --> 68 cents --> $29.60. I...
If you bought the 2017 peak of BTC, then you had to hold the asset for 1,085 days in order to break even. Furthermore, you had to stomach an 84% crash. So, your money went down in value by 84% and you received zero yield. Meaning, if you had diamond hands and held all the way through the crash then you had the same quantity of BTC 1,085 days later unless you added...
ETH is bonded to BTC. BTC has painted a crash pattern. An 85% correction is in the Almanac for both of these assets. Smart money will dump these two assets into HEX for trustless yield during this bear market.
Observe what the price did last year from 11/25 thru the end of the year. If HEX can duplicate the same performance in the same span of time then it had better be true that the price will be 98 cents by December 31 of this year.
HEX simply painted one giant bull flag. The target is the length of the flagpole.
It might be wise to wait to sacrifice HEX for PulseX until January 10th. This is the last day where the participants of the sacrifice set will receive 10,000 points per $1. Observe how the price originally fell from 43.75 cents to 22.44 cents in the span of 9 days. HEX is in recovery mode. Therefore, it may bounce back to the 43 cent area within a similar time...
PulseX sacrifice phase has begun. Almost 400 million hex has been sacrificed. This implies that that hex has been transferred from the hands of regular participants to an address where the hex will sit dormant. Less supply in the hands of users and an increasing demand for hex could lead to a retest of the ATH in the near future. Let's see how this idea plays...
HEX is not dead as many suggest. Many naively think that the price can't go up anymore because it already did about a 10,000X move from the all time low to the all time high. This chart will demonstrate over time how wrong that thought process is. There is deep psychology at play in crypto markets. Price levels are psychological barriers that exist in the minds...
At some point in time, which I shall not speculate upon, I predict that the price of HEX will reach out and touch the 1.618 log scale fib extension. Many will laugh and scoff at this kind of conjecture. Zero ***** given. We are getting rid of all the people that would have been major liabilities for the price as hex moves up to higher levels. Before you realize...
BTC painted a double top on the monthly chart. The liquidity is so high that it takes billions and billions of dollars to move the price up by a significant amount. Greyscale BTC trading at negative values. Why pay a premium price when you can buy it at a discount? The USD index is on a bull run. Delusions of grandeur and euphoria exists in the minds of BTC...
In 254 days (from September 27, 2010 to June 8th, 2011) the price of Bitcoin skyrocketed from 6 cents to $29.60. What if HEX matches the price performance within the same timeframe? I. HEX designed infinitely better than BTC with respect to USD price appreciation via its pumpamentals. II. HEX operating in a low liquidity environment so it doesn't take much...
After a recent all time high (~ 51.3 cents), HEX entered a consolidation range where it is building momentum and shaking out paper hands. The length of the flag pole is used to project a price target of $1.64 by 11/8. Exciting times for the HEX community.
Buyers ready to jump into market. Sellers are exhausted. They are almost out of ammunition. Buyers will regain control once large bag holders who are selling are shaken out. Better to weed out unbelievers now at a lower price rather than later so that they take less economic mass with them when they leave.
HEX has formed a solid double bottom after much panic selling. It is ready to reverse and retest all time high. This chart isn't really about timing. It is mostly about the price levels that it must travel through to get back to the all time high. Broken supports become resistance points for the price. However, large buys can melt through these resistance points...
When you zoom out on the weekly chart, HEX is forming one giant bull flag pattern. Extreme selling leads to extreme buying. Supply shortage coming since expiring stakes are DECREASING. Demand for t-shares (money printers) is INCREASING. Demand > supply implies that price has no choice but to go up.
In the early days of HEX (chart doesn't show the full price history), the price went up 49.8825 times in value after a 72.48% dip. The price recently crashed 72.09%. IF and only IF HEX can duplicate the same type of move then the target is $7.19 by 1/10/2022 (a 9 week bull run like the previous one).