TA: HIVE/USDT - Price was unable to remain above the weekly order block

[xchng]

Hi HIVIANS,

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in my last TA about HIVE/USDT I said that we need a clearly close above the weekly order block - preferrably with a weekly candle.
This has happened, but the BTC selloff prevented the HIVE-bulls to hold the line: The price dumped below the weekly order block and is now retesting it.

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Again, we need to close above this order block with a weekly candle - otherwise, the price may remain in a bearish momentum.

I drawed (my personal) two scenarios on the chart: A bullish one and a bearish one!

HQ Version

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What do you think about this? Feel free to let me know!

Have a nice day

Peace

XCHNG

Comments

[phusionphil]

I wouldn't mind $0.15 personally.

[xchng]

It's definately possible in my eyes! :)

[phusionphil]

Lol and now it's 0.3

[xchng]

Yeah, we again closed above the Order Block, look:

https://www.tradingview.com/x/sAlqYmXM/

[phusionphil]

in all fairness, there is a lot of noobs on this platform who got it to get into crypto as a free onboarding mechanism. So considering this reminds me of shitcoins from 2015 it is fair. Not good, but fair.

[xchng]

Yeah mate I am 100% with you! 🙏

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