HEX - HEX/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Change:	-
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Type:	Cryptocurrencies
Ticker:	HEXUSDT
ISIN:

HEX - HEX/USDT - Daily - Technical analysis published on 04/21/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

44%

39%

My opinion

Bullish above 0.015027 USDT

My targets

0.018750 USDT (+8.38%)

0.021400 USDT (+23.70%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HEX - HEX/USDT. As long as you are above the support located at 0.015027 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.018750 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.021400 USDT as an objective. If the support 0.015027 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by sp3gibbs. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

HEX - HEX/USDT rating 0.017300 USDT. On the day, this instrument gained +2.01% with the lowest point at 0.016300 USDT and the highest point at 0.017450 USDT. The deviation from the price is +6.13% for the low point and -0.86% for the high point.

0.016300

0.017450

0.017300

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of HEX - HEX/USDT in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.008396	0.013161	0.017300	0.017300	0.018750	0.021400
Change (%)	-51.47%	-23.92%	0%	-	+8.38%	+23.70%
Change	-0.008904	-0.004139	0	-	+0.001450	+0.004100
Level	Intermediate	Intermediate	Intermediate	-	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.012720	0.013720	0.015340	0.016340	0.017960	0.018960	0.020580
Camarilla	0.016240	0.016480	0.016720	0.016960	0.017200	0.017440	0.017681
Woodie	0.013030	0.013875	0.015650	0.016495	0.018270	0.019115	0.020890
Fibonacci	0.013720	0.014721	0.015339	0.016340	0.017341	0.017959	0.018960

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.010760	0.013630	0.015660	0.018530	0.020560	0.023430	0.025460
Camarilla	0.016343	0.016792	0.017241	0.017690	0.018139	0.018588	0.019038
Woodie	0.010340	0.013420	0.015240	0.018320	0.020140	0.023220	0.025040
Fibonacci	0.013630	0.015502	0.016658	0.018530	0.020402	0.021558	0.023430

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.001917	0.003007	0.010103	0.015027	0.022123	0.027047	0.034143
Camarilla	0.013895	0.014996	0.016098	0.017200	0.018302	0.019404	0.020506
Woodie	-0.000830	0.003550	0.011190	0.015570	0.023210	0.027590	0.035230
Fibonacci	0.003007	0.007598	0.010435	0.015027	0.019618	0.022455	0.027047

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	49.70
MACD (12,26,9):	0.0006
Directional Movement:	-0.206178
AROON (14):	-78.571426
DEMA (21):	0.018675
Parabolic SAR (0,02-0,02-0,2):	0.020039
Elder Ray (13):	-0.000869
Super Trend (3,10):	0.013842
Zig ZAG (10):	0.017060
VORTEX (21):	0.9842
Stochastique (14,3,5):	28.20
TEMA (21):	0.017808
Williams %R (14):	-65.68
Chande Momentum Oscillator (20):	-0.003660
Repulse (5,40,3):	3.0789
ROCnROLL:	-1
TRIX (15,9):	1.1268
Courbe Coppock:	16.20

MA7:	0.017544
MA20:	0.018559
MA50:	0.014534
MA100:	0.011873
MAexp7:	0.017464
MAexp20:	0.017554
MAexp50:	0.015401
MAexp100:	0.012933
Price / MA7:	-1.39%
Price / MA20:	-6.78%
Price / MA50:	+19.03%
Price / MA100:	+45.71%
Price / MAexp7:	-0.94%
Price / MAexp20:	-1.45%
Price / MAexp50:	+12.33%
Price / MAexp100:	+33.77%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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