Amidst this altseason, there is one coin, sitting silently, watching the other altcoins pop, or make new all time highs.
Although many people think that the altseason is done, we can be sure of one thing:
People will soon catch up on Hive :)
The train may be getting started, and it looks like Hive is under heavy accumulation!
Lets have a look at the charts:
Chart: Hive/BTC, 4H
Wyckoff Accumulation pattern:
After comparing, we can see that it is somewhat resembling that of a Wyckoff accumulation (even though its not yet confirmed, and even though there are small variances, but we can ignore that part, for our bullish bias.)
Additional point to be noted: The "Spring seems to be a bit larger than usual, so, the next few days will be interesting to see the Price action on Hive. :)
So will it break out and make a run? Well, It may, or may not.
I'm leaning more on the bullish side, considering, that the dominance is steadily declining, and almost all altcoins are pumping up.
BTC Dominance Update:
Link: https://www.tradingview.com/x/l8X8t8pV/
Let us all know what you think! :)
Are we going to see a decent run?