Is this spike will give bullish momentum to HIVE or it just the end of bullish movement ?

avatar

Good morning everyone ,

This morning i found something interesting in HIVE market movement in 1 hour chart . After few hour without movement suddenly it spike from 0.36 to HH at 0.46 in 1 hour . It was 10 cent jump and i , inform this excited news to our hive wassap group .

image.png
1hour chart

HIVE market has start making bullish movement around 2 week following bullish momentum from BTC which has move to 21319 from 16510 in it previous low.

image.png
1 day chart

3 days ago , HIVE was trying break 0.36 resistance but the seller pressure is quite strong making bullish shooting star candle. I thought the buy pressure is already finish but today candle showing it breaking those resistance with strong 1 hour candle the candle still cant break the previous resistance at 0.50

image.png
Longer period of 1 day chart

Currently it stabilise the market and i expect it forming in 1 hour chart before it making decision either continue short term bullish momentum or long term bearish or continue sideway .

image.png
1h chart

Roughly to start bullish comfirmation it must break the resistance at 0.500 (green line) and long term bearish trend (red line) which it has break the first short term bearish (star)

image.png
1d chart

We hope BTC will making start making bullish movement so the other alt coin including HIVE will join the bullish train.

One more bigger question here is will HIVE or not reach previous high at 3 USD or it only stay for long sideway in certain price ?

Reminder : This is my personal opinion about HIVE technical analysis and not the end result for HIVE. If you trader , good luck on you trading but i ll continue to HOLD because i believe in HIVE .

Posted Using LeoFinance Beta

hive market hold proofofbrain ctp btc hive-engine bitcoin leofinance
0
0
0.000
7 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 139 of my contest just started...you can now check the winners of the previous week!
4

0
0
0.000
Reply
avatar

Thanks for sharing your thoughtful opinion with us! 😊

The fact that Hive is experiencing an increased price and trading volume in this relatively bearish environment is a good sign of potential growth ahead. While it's not a guarantee, it does give hope. The increased trading volume will likely expose more people (and thus more new eyes) to Hive, which can lead to greater adoption. Let's hope this is, indeed, the case.

If you’ve enjoyed the content of this comment, the compliment, are feeling down and need a shoulder to lean on, or would like to make someone’s day a bit better, please join the FreeCompliments community. We welcome everyone with open arms. :)

0
0
0.000
Reply
avatar

I agree with that , those HOPE is thing that we need now . I believe there was a lot of frustration but those who survive in this industry is those who looking forward hope for better tomorrow and it was same in HIVE.

Cheers !PIZZA

0
0
0.000
Reply