Hive Daily Chart Analysis

in #trading8 months ago (edited)

Are we at a start of a recovery ?

Let’s take a brief look together and think:

img_0864.png

I would certainly bet Hive is going to recover at this point by September, worst case October. Case is, I already did that 🌞🤙🔥.

As usual, we need BTC to react.

In any case, never forget there’s HIVE/BTC chart. The similarity between its USDT pair should not be taken for granted.

Always consider the possibility of a bear market. One year, or maybe more. But always look at it as a wonderful opportunity. I’m hungry for extremely cheap coins, although I don’t think the whales would allows to get stuff so cheap again. It doesn’t matter.

Always focus long term.

img_0866.png

RSI HIVE/BTC pair.

Take a look that the RSI had a long period on green in the past months. There’s a downtrend in the last moves going red, very clearly.

Interestingly enough, HIVE/USDT pair looks to be pointing up for a short recovery on its RSI, which could indicate BTC is pushing crypto prices today. Usually low volume coins like HIVE tend to react a bit later. Stay on your ground traveller.

We shall expect a slow recovery for the whole crypto martlet until greedy sentiment comes back again.

img_0868.png

Fear & Blood

Just like a movie, recent days have been tough for small traders. Market is full of fear, according to my Favorite Crypto Index.

img_0869.png

Today’s index is at 10, which is freaking low. Last time I posted about this, I explained how good this fear can be if you learn how to interpret the relation between HIVE/USDT pair and fear & greed Index chart.

Whales 🐋 are ALWAYS causing panic. Even if they are not the cause of fear 100% of the time, consider at least 90%. The same argument works when sudden pumps occur on BTC pair with USDT.

I’m expecting it to follow this pattern by now. Short term, some days and few weeks. Enjoy the crypto winter. Hibernate with your stack and make your own research my hivean friend.

Welcome to the jungle. 🔥

May the force be with you. ✌️

See you in the future, dear hivean.

@xmauron3

The future is awesome.

Sort:  

When there’s extreme fear, then’s the best time to
build up your holdings! It may be scary to think this way, because emotional part leads us the human beings. But well, if you try to protect your logical thinking from the emotions you’ll most probably be rewarded!

OH YEAH !!

It seems to me that this is the recovered price. When I signed up on Hive, $0.12 token price was a cause for celebration.

Hive is one of the best cryptocurrency in the market with lots of utility, i still wonder why the price is still so cheap

Keep it under the radar and accumulate quietly 😄

Things are rough but will try too accumulate as much as I can

I absolutely agree with you. Hive is for smart people, not lazy ones. Currently the price is great to be very honest.

All time low was $0.10...$0.9..... We are 5 times higher than that. And the market is absolutely in panic. Let it ride.

"Those that have the last laugh, laugh forever!"

BTC was the first to prove it harder for to world that internet people are changing the world. hakuna matata my brother.
Cheers!

Congratulations @xmauron3! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 15000 upvotes.
Your next target is to reach 20000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Day - June 1st 2022
Support the HiveBuzz project. Vote for our proposal!