HEX: Exponential Regression
Description: In this video we cover an exponential regression model of the HEX price. Even as a rough draft, this model provides some interesting insight into the rate of progress of the HEX price, when price could reach $1 at this rate, and so on. One model that arises naturally from this one is that of an exponential regression rainbow chart, which we will cover in a future video. You might want to listen to this one at 2x speed given I was pretty tired at the time of filming. Enjoy!
Disclaimer: The information presented within this video is NOT financial advice.
0:00 - Intro
0:19 - When to use logarithmic or linear scales
1:15 - Historical support line for HEX price
1:40 - Lines on a log chart are actually exponential curves on a linear chart
2:15 - Struggling to find the brush tool
2:27 - Price data scatter plot of support regions
2:48 - Exponential regression tricks
3:10 - Exponential regression chart (linear scale)
3:56 - Exponential regression chart (log scale)
4:17 - Price extension above the exponential regression
5:12 - Upper tolerance bands calculated via historical extension from the exponential regression curve (fit to "bottom" data)
6:13 - When could HEX reach $1?
7:23 - Outro