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TradingShot
May 29, 2023 5:42 PM

HEXUSD Buy signal targeting 0.0300Β Long

HEXCRYPTO

Description

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HEXUSD hit the bottom of its 1 year Channel Down with the 1D RSI oversold below 30.00. This has been a strong buy signal on all three previous occasions inside this pattern. With the 1D MA200 (orange trend-line) as the medium-term Resistance, we will target (slightly below) the 0.5 Fibonacci retracement level (at least) at 0.0300, similar to what took place on August 14 2022.

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Comments
SwallowPremium
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Great overview, we are agree with your think of outcome!!
SpartaBTC
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The price has dropped significantly. With a high probability there will be a rebound from the support level.
basictradingtv
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not trading this but thanks!
HAMED_AZ
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Nice one
LegionQ8
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awesome hex idea mate, thanks for sharing
FirstNameHelen
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High quality stuff, keep on the good work!
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