HIVEUSDT Going to break out? ✨
Updated
Hello Traders. Hope you are feeling well.
Today I want to share my thoughts on HIVE. As you can see on the daily chart, HIVE has a nice uptrend with the yellow trend line as a support.
In front of HIVE, there is a strong resistance ( purple range ) which is the ATH around 1$. What I think here is going to happen, is that we are going
to see a bit compression of the price under the resistance and then it will break the resistance and after that you can imagine higher targets for HIVE.
Best buy positions can be :
1) On the yellow trend line. 2) when the price breaks the resistance and consolidates above it or in the pullbacks.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on HIVE and don`t forget to comment what you think. ✌
Today I want to share my thoughts on HIVE. As you can see on the daily chart, HIVE has a nice uptrend with the yellow trend line as a support.
In front of HIVE, there is a strong resistance ( purple range ) which is the ATH around 1$. What I think here is going to happen, is that we are going
to see a bit compression of the price under the resistance and then it will break the resistance and after that you can imagine higher targets for HIVE.
Best buy positions can be :
1) On the yellow trend line. 2) when the price breaks the resistance and consolidates above it or in the pullbacks.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my other analysis , I have linked them below and also don`t forget to follow me for further updates and new analysis.
Thank you guys for reading my idea on HIVE and don`t forget to comment what you think. ✌
Trade closed: stop reached
Broke the trendline.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.