1.618 Fib Target for HEX on Ethereum and Pulsechain.

24 nov 2023

Assuming the 23 Q3 lows were the cycle bottom, a 1.6618 Fib extension target would indicate a price of around 90 cents. However, we must also ask whether or not these pre-fork prices could be expected to hold any relevance in the age of Pulsechain. Assuming they do and current ratios hold, a 1.618 target would curiously see HEX on Pulsechain at around the previous all-time high, whilst eHEX would be around the 30 cent level, which also corresponds with some significant S/R areas at the previous distribution phase and in December 21. A 50x from here would be nothing to be sniffed at.