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 - Weekly - Technical analysis published on 12/30/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 0.006581 USDT

My targets

0.004604 USDT (-17.78%)

0.003568 USDT (-36.29%)

My analysis

With a strongly bearish trend, the price of HEX - HEX/USDT is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.006581 USDT remains possible. It would be possible for traders to only trade short positions (for sale) on HEX - HEX/USDT as long as the price remains well below 0.006581 USDT. The next bearish objective for sellers is set at 0.004604 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.003568 USDT.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.1

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 CryplerII. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

HEX - HEX/USDT rating 0.005600 USDT. The price is up +10.69% over 5 days with the lowest point at 0.005062 USDT and the highest point at 0.005890 USDT. The deviation from the price is +10.63% for the low point and -4.92% for the high point.

0.005062

0.005890

0.005600

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this HEX - HEX/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.003568	0.005600	0.128233	0.199600	0.332000
Change (%)	-36.29%	-	+2,189.88%	+3,464.29%	+5,828.57%
Change	-0.002032	-	+0.122633	+0.194000	+0.326400
Level	Major	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.004711	0.004968	0.005258	0.005515	0.005805	0.006062	0.006352
Camarilla	0.005399	0.005449	0.005499	0.005549	0.005599	0.005649	0.005699
Woodie	0.004729	0.004976	0.005276	0.005523	0.005823	0.006070	0.006370
Fibonacci	0.004968	0.005177	0.005306	0.005515	0.005724	0.005853	0.006062

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003598	0.004127	0.004703	0.005232	0.005808	0.006337	0.006913
Camarilla	0.004976	0.005077	0.005179	0.005280	0.005381	0.005483	0.005584
Woodie	0.003623	0.004139	0.004728	0.005244	0.005833	0.006349	0.006938
Fibonacci	0.004127	0.004549	0.004810	0.005232	0.005654	0.005915	0.006337

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001164	0.003141	0.004604	0.006581	0.008044	0.010021	0.011484
Camarilla	0.005122	0.005437	0.005753	0.006068	0.006383	0.006699	0.007014
Woodie	0.000908	0.003013	0.004348	0.006453	0.007788	0.009893	0.011228
Fibonacci	0.003141	0.004455	0.005267	0.006581	0.007895	0.008707	0.010021

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):	38.95
MACD (12,26,9):	-0.0041
Directional Movement:	5.873806
AROON (14):	14.285715
DEMA (21):	0.001182
Parabolic SAR (0,02-0,02-0,2):	0.011693
Elder Ray (13):	-0.000598
Super Trend (3,10):	0.014379
Zig ZAG (10):	0.005615
VORTEX (21):	1.0296
Stochastique (14,3,5):	24.19
TEMA (21):	0.004567
Williams %R (14):	-71.46
Chande Momentum Oscillator (20):	0.002363
Repulse (5,40,3):	-4.5801
ROCnROLL:	2
TRIX (15,9):	-5.1668
Courbe Coppock:	110.49

MA7:	0.005310
MA20:	0.005142
MA50:	0.005733
MA100:	0.005738
MAexp7:	0.005580
MAexp20:	0.007806
MAexp50:	0.021965
MAexp100:	0.039928
Price / MA7:	+5.46%
Price / MA20:	+8.91%
Price / MA50:	-2.32%
Price / MA100:	-2.41%
Price / MAexp7:	+0.36%
Price / MAexp20:	-28.26%
Price / MAexp50:	-74.50%
Price / MAexp100:	-85.97%

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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