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HIVE / TetherUS

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HIVEUSDT trade ideas

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. If you like the content, please like, comment and give this channel a follow. 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.
by tumbler55
3
🆓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
Long
by CryptoStation
1
Trading in the zone and the composite operator. When I talk about trading in the zone, or the composite operator, you should look at the "Composite operator" as the guy whose distributing an asset for everyone buying and selling. He's basically the market maker, and determines the price. The charts I make are meant to depict a zone, or range. Inside the zone, the composite operator will have a supply. Now his job is to buy as much of that supply as he can for as low as he can while the price is going down, he will keep buying it as the price goes down until the sellers are exhausted and buyers start coming in. When there are more people buying it than selling it, the price starts going up. This is called accumulation. More people own the asset and are holding it to sell it higher presumably. You'll start to see higher lows on the chart. The composite operator doesn't want to buy it anymore with the price going up, so he starts selling his supply. The same way that he let that price go down because he wanted to buy it cheap, well now he wants to sell it for as much as possible. So he let's that price keep going up, this is acceleration. You'll see the price make higher lows and then mark up substantially. This is called distribution. You want to get your position when he's getting his, at the bottom of the range. Because he won't let it fall underneath that range, he doesn't want it to go further down once he starts buying again. So you want to follow his lead. You don't want to be buying from him when he marks up his price. He's tricking you! When he runs out of supply (this is called resistance) he's going to mark that price right back down and start buying from everybody selling on the way down. And then you'll have a new zone. When he starts buying at the bottom of the new zone (usually on top of the old zone or resistance, this is called support) When I talk about bullish divergence in my charts, I am talking about the point where the momentum changes on the way down, while he's still buying. This is where you'll start seeing accumulation again (higher lows) and its a low risk area. Buy low, with the composite operator, he leaves his signature in the charts. Get your position, and sell it when he does (Take profit zone)
Education
by TradingNomadic