HIVE after big correction. HIVEUSDT UPDATEHello my friends, Like always everything is clear on the chart for you. After 180% growth, it underwent severe correction and lost supports but for now has a good support in this area. If the price lose the support, it will come down to lower support. So the price's reaction and behavior within the circles is very important. Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
HIVE
HIVEUSDT (SUPER UNDERRATED COIN)Hive coin is decentralized information sharing network & was launched only March 20th, 2020,.
Hive has 391 millions in circulation & a marketcap at only 300 million for now. Believe me this marketcap will increase over time to 500 million to 1 billion or more. The coin is now worth $0.74 cent but will increase in the next week or couple months to around $1.00+
Perfect time for hodling this coin! :) Thank me later
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 :)
Classic Bull Flag on Hive BlockchainClassic bull flag forming on Hive blockchain. After hitting a high on Feb 16th week, it has sold off the last 4 weeks on decreasing volume. A buy can be initiated at $3.85. price target for the pattern is $9.75.
HIVE breaking and growth again & againHello my friend. See the previous analysis "HIVEUSDT, FLY TO MOON AFTER CUP PATTERN" or in below link. I explained there, It has high target and any correction is a buying opportunity. Good luck.
If its useful like it as a support and follow me for next analysis :)
HIVEUSDT, Fly to moon after cup patternHello my friends, the price was pumped after successfully breaking the neckline's CUP pattern and now I expect 222% growth which we went 100% that way. So any correction is a buying opportunity to target 1.18 $. Good luck.
If its useful like it as a support and follow me for next analysis :)
$HIVE - Hive Blockchain TechnologiesDaily chart. Very easy to see what's going on here. Working on breaking that downtrend (white line), when this breaks watch for a successful back test for a buy signal. MACD needs a bit of work still but would start to curl with a few good days of buying. 50 day MA is currently at $3.95 if price were to touch this line I think this would be a good area to buy/add. If the 50 day MA fails then bottom of the shape structure is my next add/buy.
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.
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.
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.
53% Discount on HIVE Dip purchasedHave been employing DCA on this one, not huge money but it should never be huge money as per money management rules. Bitcoin, Ethereum and the entire cryptocurrency market has taken a 2017-2018 move down in dollar terms, but not by percentage terms. A good time to buy a little bit of everything is right now. There is no guarantee that we don't go down more, especially over the weekend, but there is also a chance at a bounce back to the north end of the range; as such, bitcoin-adjacent stocks such as HIVE will be relatively correlated with the price of Bitcoin. Also added a few shares of the BTCC ETF as well. I don't think I need to point out that everything is a bit oversold on balance and we are due for a bounce. In fact, in the time that I bought and am composing this, BTC moves closer to 48,000, about 600$ up. Time will tell.
With instruments like HIVE, QBTC/U, and BTCC/U (/U = USD denominated), I advise using a tax shelter, and at the next bull run peak (could be years away) to sell these, but hodl BTC for the duration. I could see a bear market happening between now and then. Target would be BTC at 300K+. These, if still correlated would have gone about 5-10x if correlation is maintained, but some growth at the very least. At this price, your risk/reward on both is fairly decent for small money. Then you have fiat in your tax shelter as opposed to selling BTC which could theoretically continue higher and something to pass on with an inheritance, or you can cash out completely. It is all about options. My opinion, sit on BTC/ETH and possibly a few others, collect a yield if you can via staking and or services like Blockfi.