Hex looks good for short term bears as you might be able to pick up Hex for around $0.04 in the short term as Rolexicans continue to exit out of their real asset (Hex) for plastic cars, plastic homes, and plastic women.
The Dual MayerMult yellow line being this low is a good sign the bears are getting weak. Bitcoin reached these same lows on the Dual MayerMult in the past in 2011 on the 2Day chart.
MFI is also bottomed out, a nice leading indicator that bulls are weakening.
We see bullish divergence with the RSI over the past few months, more signs of bears hybernating.
The real value of Hex comes with long term staking where you earn APY in the form of inflation of the Hex token which built into the contract code.
Note: I have to keep publishing this chart because TradingView screws with the log scale overlay in their database and my previous charts look messed up.
This is not Financial Advice. DYOR. I'm not your dad.
The Dual MayerMult yellow line being this low is a good sign the bears are getting weak. Bitcoin reached these same lows on the Dual MayerMult in the past in 2011 on the 2Day chart.
MFI is also bottomed out, a nice leading indicator that bulls are weakening.
We see bullish divergence with the RSI over the past few months, more signs of bears hybernating.
The real value of Hex comes with long term staking where you earn APY in the form of inflation of the Hex token which built into the contract code.
Note: I have to keep publishing this chart because TradingView screws with the log scale overlay in their database and my previous charts look messed up.
This is not Financial Advice. DYOR. I'm not your dad.
Meant to say:
MFI is also bottomed out, a nice leading indicator that bears are weakening.