VIAQUANT

Hex - Breaking Down

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CRYPTO:HEXUSD   HEX
Looks like Hex has currently broken down on the 4H timeframe. Price was maintained in a symmetrical triangle until we had a breakdown, retested the old trendline of support as new resistance and have fallen down to the 0.5 fib. If we get a daily close below this symmetrical triangle we could expect price to fall lower to the 0.618 or even the 0.786.

This makes sense with the ongoing investigation into Richard Heart and theoretically will only start moving up once the trial is resolved.
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