Hola @forexbrokr,
Te comparto mi analisis del par HIVE/USDT.
El precio del Hive fue a retestear su ultimo maximo, a los 0.448$, logro superarlo pero la oferta tomo la partida y el precio comenzo a caer de nuevo. Las zonas marcadas es donde el precio ha reaccionado. Lamentablemente el mercado de Hive no tiene tanta capitalizacion, por lo que es muy susceptible. Es bastante probable, de seguir el mercado de las dos principales monedas (bitcoin y ethereum) en rangos laterales, que el precio del HIVE vaya a realizar soporte a los 0.31$.
I share my analysis of the HIVE / USDT pair.
The price of the Hive went to retest its last maximum, at $ 0.448, it managed to overcome it but the offer took the game and the price began to fall again. The marked areas is where the price has reacted. Unfortunately, the Hive market does not have that much capitalization, so it is very susceptible. It is quite probable, if the market of the two main currencies (bitcoin and ethereum) continues in lateral ranges, that the price of HIVE will support at $ 0.31.
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HIVE's low market cap means its susceptible to bigger swings in both direction.
But you're right that we seem to simply follow the greater market sentiment rather than moving because of our own fundamentals.
Something that will only change with more and more users.
Keep up that onboarding, LeoFinance!
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