HEX (HitBTC: HEXUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, HEX began a red wave one advance on September 14. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 31 and the red wave two (blue sub-waves a-b-c) correction ended on November 20. If this wave count is correct, HEX should be heading next towards the October 31 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily line chart, I believe HEX is currently in the red wave three (blue sub-waves iii). The red wave three began on September 14.
(Chart courtesy of CoinMarketCap.com (log scale))
Funnymentals
HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. The Crypto Sniper interviewed the founder last month.
How Will HEX Trade?
HEX (HitBTC: HEXUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
HEX will takeout the October 31 peak
HEX will drop below the September 14 low
HEX will stay in a trading range between the September 14 low and the October 31 peak until January 24, 2021
HEX will stay in a trading range between the September 14 low and the October 31 peak until January 24, 2021