HEX Is Coming Into Strong Support

26 thg 9, 2022

Cryptocurrency HEX is one of the weakest for the least year, but from Elliott wave perspective, we can see it finishing an A-B-C corrective decline from all-time highs.

Wave C is a motive wave and it should be completed by a five-wave cycle of the lower degree and you can see, it can be now trading in final stages of wave 5 of C.

From technical point of view, we can see it approaching important and strong 0.03 – 0.01 support zone at the former lower degree wave 2 and higher degree wave IV, from where we can expect a bullish reversal. However, keep in mind that bulls can be activated only if we see sharp or impulsive recovery back above 0.10 region.

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