eHEX Breakout Target for Potential Inverse Head and Shoulders

24 Kas 2023

If you squint hard enough, you just might be able to imagine that HEX on Ethereum is forming an inverse head and shoulders pattern. If that were to be the case, the target for a breakout above the neckline would be in the 4 cent range, corresponding with the memetic target of 3.69 cents, a level that it spent a lot of time at in the summer of 22, following its mid-May dump. However, that's a lot of ifs. Whether this pattern plays out or not, it's foreseeable that that level will likely be significant on the way back up.