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HIVE Found Its Bottom At 1250 Sats And Just Made A Higher Low

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@funnyman
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HIVE is a fantastic project and I have a very good percentage of my portfolio in HIVE. The price has been going down for quite some time and now after BTC went down, it also went down. It has now just create a Higher Low (The candle is yet to be closed). Let have a look at the chart.

You can see the continuous decline in price over time and it has pumped in between but has created long wicks. I believe it has found its low now and we are ready go in the upward direction.

If you see here, it would create its higher low if the candle closes at the current price. This is a daily candle so it is pretty solid information but if you want to have even more robust information, look at the weekly candle. I am just going to watch the candle and where it closes because it will tell me the information about the market trend and whether people are holding off their HIVE to sell or selling it at any price.

On Weekly candle also, we are seeing the bearish trend slowing down and a potential reversal is expected as soon as BTC stabilises a bit. I am very bullish on HIVE and my Long Term targets are quite high. The extreme price movements are expected in the next year because at that time BTC will be in Phase 3 of its Bull Run (according to the history). Hopefully, it will bring some of us some financial freedom.

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