Posts

Crypto Analysis | Another possible breakout for Hive

avatar of @tobetada
25
@tobetada
·
0 views
·
2 min read

Good day Hiveians!

Join me in analyzing the crypto markets!

 

Just last week we anticipated Hive to break out to higher levels

With a confirmation to 56 cents, prices (as expected) began to slide afterwards again. This is the "nature" of Hive. Unfortunately its upswings are not sustained. However, on a macro scale the average still goes up.

Yesterday, I argued that BTC could potentially see a double peak to about 45k again. If so, I would also expect Hive to break out again. Potentially, we could see 60-70 cents.

If so, the "bezos" rally might, however, come to an end. As we saw with 2018 (above post), BTC has a strong tendency to further correct downwards. This would also translate into a correction in Hive. As you can see, I would be expecting a decline to possibly the 30 cents range afterwards once more.

This would be the "consolidation" phase and would see prices moving between 30 and 50 cents, before finally kicking higher in winter/spring. If you look at the chart above again (it is pretty crowded, so sorry for that), you can see a thicker blue line coming down from the ATH. This is a really strong support for Hive. I do not think we will pass under this again. All in all, now should be a good time to acquire mire Hive as prices should remain in the 30-50 cents area for quite some time. Alternatively, you could try to make some profit from the coming pump and dumps (but be careful!)

 


As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

Check out the Love The Clouds Community if you share the love for clouds!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅