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HIVE

HIVEUSDT Going to break out? ✨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. ✌
Long
by Existansilon
HIVE breaking and growth again & again . UPDATEHello my friends. Here is an update of Hive for you, everything is clear on the chart. Unfortunately because of BTC's correction some days ago, we have a little correction too but then nevertheless we got our profits. For now, between 0.66-0.70 is a good area to buy again if the price keeps the baseband and fib 0.61. Overall our target will still be 1.18, so keep it in your watchlist. Good luck. See previous analysis of Hive in below link If you like the idea, do not forget to support with a like and follow me for next analysis :)
Long
by ArashBanakar
1
Is HIVE about to breakout of a Bull Flag?It appears as though Hive is slightly breaching the downward sloping resistance of a Bull Flag, recently there was another fake-out to the downside of the horizontal baseline of support but the sp has created a higher low on top of the rising channel for a second time where I have placed the blue fingers. The RSI is already breaching the downward sloping resistance of a similar pattern. On the KST there has been a bullish cross, you need to zoom in close to get a clear view. The chart linked to this chart displays a slightly different narrative, it displays the sp is trading inside the rising channel on the verge of breaking out to the upside.
TSXV:HIVELong
by ScotianBot
2
Is Hive trading in a Bullish Flag?Since my previous post on Hive linked to this chart, the share price has broken flush to the upside of an Ascending Channel, and upon back-testing old resistance there's been a double bottom where I have placed two blue finger icons, and old resistance has turned into new support forming a bullish flag upon consolidating, inherently bullish in my opinion. On the RSI there's a similar pattern to the price action. The KST has seen a bullish cross where I have placed the blue downward-sloping finger, and I've placed a question mark at an area where it's likely another bullish cross will occur near term, depending on the macro environment for Ethereum & Bitcoin. The pattern could always play out bearishly as a descending triangle, if there's a loss of support at the upward sloping channel area that has acted as the baseline support of the bullish flag then my narrative will adjust accordingly. If the bull flag pattern were to lose support, I'd expect the next area of support around the bottom part of the upward sloping channel, similar to the path I have drawn in red on the chart.
TSXV:HIVELong
by ScotianBot
5
Fake-out to the downside of a Bullish Flag for Hive?It appears as though Hive has pulled a fake-out to the downside of a bullish flag & re-tested the top of a rising channel turning it into new support. Hive is now trading back into the bull flag & on the verge of breaking out to the upside any day now considering the price of Ethereum & Bitcoin is continuing to rise and Hive's share price has been highly correlated to the price of these two assets. BTC is the dark yellow line on the chart. ETH is the dark orange line on the chart. The correlation is undeniable and on a longer-term time frame Hive's stock is outperforming both assets which is a perk for being the most profitable public miner and having exposure to both assets, more exposure to Ethereum than BTC but over time that will change as Hive is starting to get more entangled with BTC mining. On the RSI the downward sloping resistance has been broken to the upside and upon back-testing old resistance, it's acting as support for the time being. There has been a bullish cross on the KST. There's been a very nice V shape recovery after this fake-out.
TSXV:HIVELong
by ScotianBot
1