HEX short term bearish
Aktualisiert
Once again, 2hour BB middle line proved to be a resistance for HEX price .....HEX is breaking down, horizontal supports are at 0.1818cents !if that does not hold ,price could drop to 0.124cents!Theres also a quite major daily bear flag measurement, pointing towards 0.12-0.14cent area! The 2hour DMI is extremly warrying, with bears taking control and the ADX line is completley reseted for a run ...if we dont see huge green candles,that run could be a bearish one !
However 0,18 cent area is quite major ,it is 66% retrace from ATH (usually a very strong number for reverse). Also ,18cents is the previsious consolidation top so basicly we are retesting that .
I DO EXPCT A BIG BUY at 18cents!! time will tell if it will be a dead cat bounce or will be good enough for new ATH ...
However 0,18 cent area is quite major ,it is 66% retrace from ATH (usually a very strong number for reverse). Also ,18cents is the previsious consolidation top so basicly we are retesting that .
I DO EXPCT A BIG BUY at 18cents!! time will tell if it will be a dead cat bounce or will be good enough for new ATH ...
Anmerkung
We breached .18cents without major drama. 2hour DMI shows bears are still confortable with the ADX rising but far to be extreme ! Plenty of room to extend bearsh. We lost 2hour BB lower line to ,that usually indicates beginig of a strong trend.
Next stop : 0,124 cents.
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