HIVE and the Gann Square of ninePlaying with the Gann sq of 9 and looking for relationships to predict support and resistance based solely on Gann's sacred maths...
HIVE trade ideas
Is Hive trading in a Bull Flag?Possibly a descending triangle as well, but the RSI is fairly low on a 1 Month chart which indicates there's room for appreciation before becoming overbought.
One thing I find very interesting is the fact that Hive has traded 321,456,046 shares in the past month, keep in mind Hive only has roughly 327M shares outstanding, huge volume surpassing the 2017 parabolic rise but the share price didn't increase 1/5 as the previous Bull Run.
On a positive note Hive is gaining back its correlation to Ethereum, technically during the past month Hive has outperformed ETH which is interesting. ETH is the Grey line & Bitcoin is the yellow.
Another updateBTC and ETH both are testing resistance areas and hive is reporting lower energy costs and 20 percent ETH mining. Setting up earnings to beat expectations. I updated my chart to see how how hive will run. Hive is so bullish it broke through the weekly bollinger band and pierced the weekly 50 sma. I see a take profit at .50 but expect volatility going into tomorrow and the rest of this week. 1.00 is possible at this rate. Cheers and enjoy the profits.
Is Hive trading in a Bull Flag?Or maybe a descending triangle, only time will tell.
There's merit for a Inverse Head & Shoulders pattern as well.
Hive.V Hive could easily double in under 3mHIVE.V Hive Blockchain technologies.
A year ago Sept-Nov 2018 this stock was trading around 60cents when Eth was trading around 220-240, My idea is: if Etheruem slowly gets back up to trading around 220-240, HIVE will move back up to .40 in 2 weeks time off of a double bottom on the daily chart, from there as long as the earnings report due next week isn’t absolute dog #$%$ this stock will be trading back up at .60 late Sept to November. If the earnings report is miraculously good, then it could get to .75
HIVE HIVE BLOCKCHAIN IS GOING TO MAKE A BREAKOUT TO THE UPSIDE SOON RATHER THAN LATER. ISSUES WITH GENESIS RESOLVED THATS WHAT WAS NEEDED. ONE OF THE BIGGEST ETH MINING FACILITIES WITH UP TO 20MW GREEN CHEAP POWER. LOOKING FOR 10X. GOOD LUCK
Ascending Triangle or Descending Triangle.It's more than likely the descending triangle plays out with Hive, unless clarity on the situation with Genesis happens sooner rather than later.
Even if Bitcoin & Ethereum continue the upward parabolic trend, Hive has lost some or basically most of it's correlation to the two assets, which at one time was "roughly" 94%.
Time will tell per usual.
Is Hive going to break resistance & test 80c?Hive is trading over 4M shares on all exchanges, we may see a gap here shortly.
Hive was trading roughly 94% in correlation to Bitcoin & Ethereum before the attempted takeover by Genesis Mining.
Time will tell per usual.
Ascending Triangle breakout?It appears as though Hive may breakout of this ascending triangle & test resistance at 62c.
Time will tell per usual.
Hive is trading back into an ascending triangle.It would be nice to see a flush break above 54c & test the resistance at 62c next week.
Time will tell per usual.
MFI in the WAY oversold region , Major Andre trigger support#hive MFI has only ever been in these number two other times in the companies recent history and is quite over sold at least for the time being, the 0.46 level has held for the past few days with a static support of recent floor and also the Andrew fork trigger line support (im yet to see this trigger fail) , with last nights break out on #BTC and the company CEO being more and more vocal all over youtube, next few days may be interesting, however more risk averse play would be hold of till the main trend is reclaimed and prices solidify over the 0.6 marker.
Key levels being tested for Hive , make or break pointFollowing the dispute news between Hive and Gen we saw a 24% decline today which from a technical stand point only did the much needed pull back to the broken major resistance of BTC 4300. Should we see the bottom channel support I think it will be evidence that the trend has not reversed. Also there is some major static support here as well. #hiveblockchain
Hive still trading above Ascending Triangle breakout.The uptrend for Hive is still intact.
Hive broke through two channels with news yesterday about Genesis attempting to take control of the board.
I think now that the market has had a chance to shake weak hands, we may start to continue the uptrend, as long as Ethereum & Bitcoin do as well.
Time will tell per usual.
