HEX short term bearish

Once again, 2hour BB middle line proved to be a resistance for HEX price .....HEX is breaking down, horizontal supports are at 0.1818cents !if that does not hold ,price could drop to 0.124cents!Theres also a quite major daily bear flag measurement, pointing towards 0.12-0.14cent area! The 2hour DMI is extremly warrying, with bears taking control and the ADX line is completley reseted for a run ...if we dont see huge green candles,that run could be a bearish one !
However 0,18 cent area is quite major ,it is 66% retrace from ATH (usually a very strong number for reverse). Also ,18cents is the previsious consolidation top so basicly we are retesting that .
I DO EXPCT A BIG BUY at 18cents!! time will tell if it will be a dead cat bounce or will be good enough for new ATH ...

Komentarz:

We breached .18cents without major drama. 2hour DMI shows bears are still confortable with the ADX rising but far to be extreme ! Plenty of room to extend bearsh.
We lost 2hour BB lower line to ,that usually indicates beginig of a strong trend.
Next stop : 0,124 cents.