2hr BB with 21 EMA middle line and DMI ADX also on 2hr were two good indicators in the past.
HEX is under 21 EMA on every time frame .Furthermore, this EMA is sloping down ,indicating extreme weakness.
DMI bears are gaing momentum with the ADX re-seted under 25 .
Price had a good reaction at horizontal support 0.18c ,which is a MAJOR support.This support was identified back in september.
If 18c breaks, and price starts to close 2h candles under 18c ,everything is pointing to the next major horizontal support which is 0.126 cents/hex ....
If 0.12cents wont hold ,10 cents/hex is psychological support ,with 0.085c another MAJOR support ,identified back in the summer.
ATM i dont expect lower prices .
To regain bullish momentum ,price needs to close above 28cents ,at least @ 4hr ,preferably on the daily.
HEX is under 21 EMA on every time frame .Furthermore, this EMA is sloping down ,indicating extreme weakness.
DMI bears are gaing momentum with the ADX re-seted under 25 .
Price had a good reaction at horizontal support 0.18c ,which is a MAJOR support.This support was identified back in september.
If 18c breaks, and price starts to close 2h candles under 18c ,everything is pointing to the next major horizontal support which is 0.126 cents/hex ....
If 0.12cents wont hold ,10 cents/hex is psychological support ,with 0.085c another MAJOR support ,identified back in the summer.
ATM i dont expect lower prices .
To regain bullish momentum ,price needs to close above 28cents ,at least @ 4hr ,preferably on the daily.