Hex major support at 0.12
Aggiornato
major support at 0.12 on long term support line created 1 year ago.
- major volume started on july 13th, market maker started buying @ 0.085
- with consideration to OGs that will sell some profits and market maker also selling down
- with new onboarders increasing daily (almost 86,000 new addresses since july 13th)
- Eth gas fees possibly also causing new onboarders to wait it out therefore limiting damand.
- Hex's fundamentals continueing to lock up (stake) around 35% of available hex in circulation.
- considering the above factors we should see some price appreciation due to continual demand coming in- hopefully confirming the chart with a strong bounce above 0.12
- also possible double up to 0.96 at 126 days- 14th january, since this is the longest double up period over hex history, hopefully comes sooner.
- with pulsechain and pHex coming soon, more buying pressure is likley to come in to capture the snapshot.
- only downside risk is hexETH pair forming a head and shoulders pattern, but if it breaks past shoulder then will be invalid.
- setting up a buy ladder down to 0.12 but heavy around 0.16 --- the bigger the difference between the 0.12 and actual hex low on this downtrend, the more bullish we get
- the key is we keep continueing to get more new onboarders- eventually when the market maker sells down to minimum holdings, we will flip.
- major volume started on july 13th, market maker started buying @ 0.085
- with consideration to OGs that will sell some profits and market maker also selling down
- with new onboarders increasing daily (almost 86,000 new addresses since july 13th)
- Eth gas fees possibly also causing new onboarders to wait it out therefore limiting damand.
- Hex's fundamentals continueing to lock up (stake) around 35% of available hex in circulation.
- considering the above factors we should see some price appreciation due to continual demand coming in- hopefully confirming the chart with a strong bounce above 0.12
- also possible double up to 0.96 at 126 days- 14th january, since this is the longest double up period over hex history, hopefully comes sooner.
- with pulsechain and pHex coming soon, more buying pressure is likley to come in to capture the snapshot.
- only downside risk is hexETH pair forming a head and shoulders pattern, but if it breaks past shoulder then will be invalid.
- setting up a buy ladder down to 0.12 but heavy around 0.16 --- the bigger the difference between the 0.12 and actual hex low on this downtrend, the more bullish we get
- the key is we keep continueing to get more new onboarders- eventually when the market maker sells down to minimum holdings, we will flip.
Nota
Hex has broke through resistance closing above on 4 hour and start of uptrend
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