HIVEUSDT in a falling wedge HIVEUSDT is in a falling wedge on 4hr. Looks to break in next couple of days.
HIVEUSDT.P trade ideas
HIVE/USDTHello friends
Given the analysis I've done for this currency, we'll have to wait for the price to come out of one side of the pattern and rise or fall as deep as the triangle.
Be happy and successful
HIVEUSDT: Bear and Bull View (07.05.2020)Bear and Bull view using 60M timeframe.
1. Bear View:
Hive is in currently following a downtrend pattern with LLs and LHs.
A fib retracement has indicated that a new low is made at 161.8%. The new low has been respecting its trend line (in blue) till now. With a recent pull back, another lower low is expected to retrace at 161.8% level again which same mean the price level of 0.21 and the same shall again respect the trend line. Moreover, the volume looks weak at this point for the bulls to enter anytime soon.
2. Bull View:
With the recent listing at Binance, the price surged upto 0.92 levels and corrected back till 0.3 levels. The price currently seems to build its support at 0.35 levels. A Fib extension suggests another surge in price to 61.8% which would give us the first target at 0.6. A further extension to 100% shall give us the Target 2 at 0.8.
To summarize:
Next Lower low: 0.21
Target 1: 0.60
Target 2: 0.80
Stay careful with this trade and don't put all eggs in one basket !
HIVEUSDT: Day trade Using 15M time frame.
1. Channelled Pattern
2. Buy at the support of 39.5 range
3. Have a stop loss at 39.05 using Fib retracement at (0.88)
4. Fib Extension suggests a sell target 1 at around 42.1 and sell target 2 at around 44.1 levels
5. Profit expected: 7-12%
6. Stop loss at: 1.5%
Happy trading
Hive ready to make new high amazing Hive touch famous Fib 0.236 which mean is ready start to go for new higher ,
Hive prepping for a wave 3?Hive did a wave one and wave 2, incoming wave 3?
Wave threes are almost always impulsive and explosive.
