SeerSignal Hive Analysis for next few weeks.What's up my friends. This is your SeerSignals for navigating crypto space. I will be posting technical analysis on the current trends in the cryptoverse and for this introductory post we will talk about the $Hive token.
A quick look at our Hive/Usdt daily chart, we see price broke out from a four month long trendline 6 days ago which was able to hit 0.44 dollar value from coming all the way from 0.28 dollar. which it eventually retested yesterday as a horizontal support. It did bounce at that yesterday and now we are seeing the price level in between the support line and 0.786 Fibonacci retracement level. As this happened RSI also bounced from the hidden support level which is a trendline which formed starting February this year.
What this tells as is a high probability that we will be having hive at higher prices in the weeks to come, potentially we are looking at 0.57 dollars as the likely price ceiling.
Hope you guys will hold on the you Hive until that happens.
That's all for now, follow this blog for more updates and let me know what think in the comment section below.
HIVE
HIVEUSDT { HIVE } - BULLISH SETUPANALYSIS 🔎
- HIVEUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.5536)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
HIVEUSDT { HIVE } - BULLISH SETUP ANALYSIS 🔎
- HIVEUSDT is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.4259)
- Limit entry: test of the ascending triangle's inclined support.
TARGETS 🎯
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
Hive is buzzinGive seems to be in an cup and handle pattern, the crypto market looks to be gearing up for something big. Crypto regulations on the horizon, sec case against XRP, closed door meetings and all the other talks of the town. You know what I think? Don’t get fooled by the news, ATH’s are coming within a month. Enjoy these profits and have a green week folks!
First target is based on a fib, second is the cut and handle pattern and the third is the golden fib. For your reference.
HIVE has formed a big bullish BAT for upto 300% huge rallyHi dear friends, hope you are well, and welcome to the new update on Hive coin.
On the weekly time frame chart, the price action has of HIVE has formed a big bullish BAT pattern. There is also a 50 simple moving average support in the buying zone.
HIVE/USDT Falling Wedge pattern. Battling for important supportHIVE is declining since April as many other crypto coins are too.
We are looking at a falling wedge pattern and wait for a breakout as a sign of trend reversal.
HIVE found critical support at 0.2$ and is now battling for the important 0.29$ support line.
Volume is in general low but we see some spikes which could hint some people are accumulating.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
🆓Hive (HIVE) June-22 #HIVE $HIVEHIVE is having buying power at the $0.2 zone, this is an important support zone when it helped HIVE increase strongly in February and we can expect a strong recovery here to $0.28 and $0.36 in early July. But if HIVE loses this $0.2 zone, then $0.15 is a very good zone to buy strongly
📈BUY
🔴Buy : 0.195-0.205$. SL if B
📉SELL
🔴Sell : 0.275-0.285$. SL if A
🔴Sell : 0.35-0.37$. SL if A
♻️BACK-UP
🔵Sell : 0.195-0.205$ if B. SL if A
🔵Buy : 0.145-0.155$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
HIVE listed on nasdaq - more liquidity = price go upHIVE Blockchain Technologies (OTCQX:HVBTF) obtained approval from the Nasdaq Stock Market LLC to list its common shares on Nasdaq's Capital Markets Exchange.
The Company will retain its listing on the TSX Venture Exchange.
Shares +37.5% YTD.
I was buying this thing below a buck so I am happy but we are just getting started.
💡 HIVBTC ANALYSIS💡 HELLO FRIENDS
TECHNICAL, WHEN WE LOOK AT THE GRAPH FOR 4 HOURS, THE Gartley Bullish Formation HAS BEEN CREATED.
THERE SIDE Cypher Formation (Cypher Pattern) CREATION POSSIBLE AVAILABLE !!
THESE TRANSACTIONS ARE HIGHLY RISK MONEY SHOULD NOT BE ENTERED WITHOUT RISK MANAGEMENT
TP1: 0.00001247
TP2: 0.00001549
PROCESSING 0.00001052 INPUT LEVEL: (AT 4-HOUR CANDLE CLOSING)
STOPLOS: 0.00000841 (BASED ON MY OWN MONEY MANAGEMENT) I KEEP THE LEVEL AWAY YOU CAN TAKE IT CLOSE (DEPENDING ON THE SITUATION)
NOT AN INVESTMENT ADVICE.
IF YOU USE ANALYSIS, REMEMBER TO LIKE AND FOLLOW👍👍👍👍👍👍
IF THERE IS SOMETHING WRONG ABOUT THE FORMATION, YOU CAN GET THE WARNING.
"EDUCATIONAL PURPOSES"
Gartley Bullish
The retreat from A to D should ideally be 61.8% or 78.6% of the XA leg.
• A valid ABCD formation should be observed from the A level to the D level.
XA and AD must be time-matched.
• AD time should be between 61.8% and 161.8% of XA time.
At some times the ABCD pattern retracts 100% of the XAB leg. (Double Bottom)
• In this case, XA and AD time should be equal for a true double dip.
Failure of the pattern indicates the continuation of the bear market, and prices could retreat by 127.2% or 161.8% of the XA leg.
Cypher Pattern
The Cypher formation (first described by Darren Oglesbee) is a 4-legged formation.
The difference of this structure from Gartley is that point C can pass below point A. For this reason, the probability of occurrence is lower and longer than Gartley. Because, after a bottom or top is broken and a new bottom-peak is formed, the previous bottom-top is most likely to be turned into support-resistance.
Point C should be at Fibo 127.2 or 138.2. It is very rare for this structure to form at the level of 161.8.
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern.
The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off.
I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then..
Bullish cross on the KST where I have placed the downward pointing finger.
The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger.
$8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
Well, that's that!!HIVE has just broken downwards from a massive consolidating triangle which is a shame. Support could come in many places but a spike followed by a lower high followed by a fall I think means for the foreseeable future there is going to be a leveling out or rounded bottom before going back up (possibly a cup-and-handle pattern).
The next 3 days are crucial, Potential of 115% upHIVE is doing what is suppose to do, It did bounce from the low of 0.545, get rejected at 0.67...Consolidations is continue till the end of the triangle until it get squeezed and booom,,,,, We should expect in the next 3 days upwards towards $1.35 That's 115% up MASSIVE... Also patience is needed...
Trade at your own risk...