TSXV:HIVE impulse up looks complete

Updated

I think a 5 up is complete, I am not sure where to measure the FIB starting point, at the $0.30 Private Placement price, or the first day of public trading gap up. For now, I am putting it at 0.30.

Either way, I think the gap at $2.60 is a target. Hive is the largest public mining company in the world.

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5th wave is extending, new target is $4.67 for the 5th wave high.

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Price action had an extended 5th wave that tagged a project monthly high zone from the old school script.

I believe this is done the rally here, we should be seeing a major dump start.

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Final target for a wave (ii) bottom is the gap fill, and 61.8 retrace at $2.45, it is also the monthly project Lo.

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wow this went so much further than I thought it would, but a very bearish candle today, I can confidently call the top here at the $6.75 if the candle turns out this bearish at EOD. I am eyeing the gap at the $2.50.

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I am targeting the gap at $2.50.

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A possible path for this correction...its pretty short time wise, so I think it needs to correction longer in time, this would allow for that...

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the X wave seems to be playing out... I am still expecting $2.80 to $2.50, that is a big BTFD if you believe in crypto sector.

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this is getting close... The count can change multiple times from here on out...I still eyeing the gap at $2.50, but time wise, I think the correction needs to go on more days, maybe into next week. could reach down to $2.27 to test that previous peak.

RobbMatthew

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