HIVE in the Heart of Price Action

in LeoFinance3 years ago

Took a quick look at the hive daily chart (it had been a minute) and noticed price is all up in the mix of an active range.

Potential to get interesting...

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Looking at the chart above you can see the purple shaded box I used to marker this range where price action has been robust.

The low 40 cent area has acted like a base and/or launching off point several times and here we are dancing with it again after recovering from the bottom.

The open/close on the last most recent top is roughly 55 cents, which also marks the high side of this range before the upside pivot tops of 60 and 65 with the 72 area being the ultimate top side target for this greater range on a whole.

Just a few bullish days could really change the narrative for the price of HIVE. Pretty cool to have some excitement with price again.

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golden cross between ma(25) and ma(200) confirmed today
hive has only done this twice and both resulted in x5 blow off tops

last time was august 14, 2021
remember thanksgiving 2021?
epic

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you are too conservative, I am thinking of about $1.8 in April

exciting days ahead!

I wonder if a nice rally would attract new Hiveans to the ecosystem or just make existing ones really happy.

Hive seems to be more about long-termers and less about speculators.

Of course, Edicted is talking about nothing else the last couple of hours, haha

Can't wait for the price boom and the "I told you so" post

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It seems that Hive rises together with the market getting to $0.48 or above 10% gain. Maybe even better than the other branded assets.

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