I'm not the greatest expert in technical analysis, but looking at the 15-minute chart of Hive, you can clearly see a couple of gaps.
I'm not the greatest expert in technical analysis, but looking at the 15-minute chart of Hive, you can clearly see a couple of gaps.
Shows how mismatched supply and demand is.
Huge $HIVE sellers consistently dumping and nobody with a reason to soak up that supply.
So what happens is price slips lower and prints gaps like that
Logically, since there is more supply than demand, by law, prices fall, but according to theory, the market will tend to fill those gaps sooner rather than later.
And for that to happen, Hive must rise to the aforementioned levels. But of course, that's according to theory.
Thanks for this data, onlycrypto! According to you, what are the motives that drive some people to sell their $Hive on the threshold of a probable bullmarket?
Don't mention it. The answer to your question is fear. But what I'm pointing out here is that by force, Hive will tend to rise to the levels to fill those gaps.
Now, that means that we will soon have a price increase to approximately $0.3525 and $0.3620.