HEXO 4 Hour Consolidation Underway - 4 Hour Cup & Candle
HEXO 4 hour consolidation underway following SPY and broader market. Major resistance to be watching is $0.72 USD which is the high of the previous monthly candle. If we break above that resistance the monthly bounce will be underway the first time since May 2021 (10 months ago). We could also see a cup and handle on watch. Key hourly support is at $0.57USD and hourly uptrend still in tact. Target if the C&H is confirmed is $0.69 USD: