HIVEBTC - Setup similarities
HIVE BTC could be preparing for an extensive bullish momentum. With similarities to the setup seen at the start of 2021 when it had a 400+% run.
Currently in an ascending triangle inside a symmetrical triangle giving some good indicators as to where stop losses couple be placed and when the breakout begins. The convergence between numerous indicators (fisher, KDJ, CCI, RSI Divergence and more) and the price are an early sign of the momentum gathering pace. However caution should be considered with HIVE being a relatively low cap alt coin and prone to sharp drops before continuing.
A similar breakout to that of the start of the year could see the BTC price hit around- 0.000028-0.000032, a 140-175% increase from the current price.
HIVE can be traded against BTC & USDT on binance, making it a good coin to easily see which is the superior asset during any session, it is also prone to short sharp spikes, making it a useful "background asset" for scalping 15-20% trades with very little monitoring needed (every week there is a short sharp spike, keep entries low and set reasonable limit orders to catch these in the moment).
Currently in an ascending triangle inside a symmetrical triangle giving some good indicators as to where stop losses couple be placed and when the breakout begins. The convergence between numerous indicators (fisher, KDJ, CCI, RSI Divergence and more) and the price are an early sign of the momentum gathering pace. However caution should be considered with HIVE being a relatively low cap alt coin and prone to sharp drops before continuing.
A similar breakout to that of the start of the year could see the BTC price hit around- 0.000028-0.000032, a 140-175% increase from the current price.
HIVE can be traded against BTC & USDT on binance, making it a good coin to easily see which is the superior asset during any session, it is also prone to short sharp spikes, making it a useful "background asset" for scalping 15-20% trades with very little monitoring needed (every week there is a short sharp spike, keep entries low and set reasonable limit orders to catch these in the moment).
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