What's up my friends. This is your SeerSignals for navigating crypto space. I will be posting technical analysis on the current trends in the cryptoverse and for this introductory post we will talk about the $Hive token.
HIVE/USDT Chart, Daily Timeframe
A quick look at our Hive/Usdt daily chart, we see price broke out from a four month long trendline 6 days ago which was able to hit 0.44 dollar value from coming all the way from 0.28 dollar. which it eventually retested yesterday as a horizontal support. It did bounce at that yesterday and now we are seeing the price level in between the support line and 0.786 Fibonacci retracement level. As this happened RSI also bounced from the hidden support level which is a trendline which formed starting February this year.
What this tells as is a high probability that we will be having hive at higher prices in the weeks to come, potentially we are looking at 0.57 dollars as the likely price ceiling.
Hope you guys will hold on the you Hive until that happens.
That's all for now, follow this blog for more updates and let me know what think in the comment section below.
Hello, @seersignals
This is @fionasfavourites from the @ocd (Original Content Decentralized) curation team. We noticed you shared your first post here on Hive - congratulations and welcome! It would also be awesome if you could do an introduction post, so our community can get to know you better. For an example of what an intro post is like, you can check out this one by my friend & curation team member - Keeping Up With the Buzz – My Introduction to the Hive Community.
Speaking of community, we have many different ones here on the blockchain, devoted to all kinds of interests. Here's a link so you can check them all out – Hive Communities.
Also since you're new, you may run into an RC (Resource Credits) error when trying to comment/post because you don't yet have enough Hive in your account yet. For assistance with a temporary delegation to get you started, be sure to check out the Gift Giver site.
Also, as this the hive can be quite confusing, the newly launched Newbies Guide is a growing repository of useful – easy to understand – posts about how the Hive ecosystem works.
For now, @lovesniper will follow your account and we are looking forward to seeing your intro post. Also, you are welcome to tag me (@fionasfavourites) and please mention @lovesniper in your intro post in order for us to be notified, so we can consider your post for OCD curation. Feel free to hop into the OCD Discord server if you have any questions!
Thanks @fionasfavourites for being nice and accommodating. will definitely follow your advices. More power