That's anybody's guess. The rally started at 0.2132. 61.8% Fibo at 0.3961 has been broken down. 78.6% is the final retracement point, not unless we are thinking that it will start all over again back to its December 19 price.
It's a probability game. Many don't subscribe to it, especially in the case of Hive. Nevertheless, I do it for the sake of having a feel for where Hive is now when it comes to market sentiment.
I study technical analysis only after suffering a huge loss in the stock market in 2015. They say that was my tuition fee, and it's worth it. However, crypto is a different animal. I am not sure to what extent technical analysis is applicable to the crypto space.
You will definitely get to the top on crypto technical analysis just like you did on stock market. One thing is that you have the fundamentals and understand what you are doing.
Does that imply that HIVE will still dip more?
That's anybody's guess. The rally started at 0.2132. 61.8% Fibo at 0.3961 has been broken down. 78.6% is the final retracement point, not unless we are thinking that it will start all over again back to its December 19 price.
This technical analysis swept me off my feet and I honestly don't know what to say more about it.
It's a probability game. Many don't subscribe to it, especially in the case of Hive. Nevertheless, I do it for the sake of having a feel for where Hive is now when it comes to market sentiment.
You are good at it, and I love to subscribe to such a learning curve.
I study technical analysis only after suffering a huge loss in the stock market in 2015. They say that was my tuition fee, and it's worth it. However, crypto is a different animal. I am not sure to what extent technical analysis is applicable to the crypto space.
You will definitely get to the top on crypto technical analysis just like you did on stock market. One thing is that you have the fundamentals and understand what you are doing.
If Hive touches that point does it mean it's coming up again?