HEX is in a descending parallel channel on the weekly line chart .
Now ,that middle line is lost ,price should test the lower line (now roughly at 0,085c)
Target1 : 0,085c (that should send the weekly RSI near 30 reading) .
This is also -83% from ATH . (last bear market BTC bottomed at -83% from ATH)
Target 2: 0,04-0,05c (should play out with a higher high on the weekly RSI=bullish divergence)
Target3 : 0,015c (this target is less possible but still on table if sh hits the fan around the world)
Short. Invalidation :0,185c .....anything under 18c is BEARISH and price should meet at least one of our targets.
Now ,that middle line is lost ,price should test the lower line (now roughly at 0,085c)
Target1 : 0,085c (that should send the weekly RSI near 30 reading) .
This is also -83% from ATH . (last bear market BTC bottomed at -83% from ATH)
Target 2: 0,04-0,05c (should play out with a higher high on the weekly RSI=bullish divergence)
Target3 : 0,015c (this target is less possible but still on table if sh hits the fan around the world)
Short. Invalidation :0,185c .....anything under 18c is BEARISH and price should meet at least one of our targets.
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