Direct from the desk of Dane Williams.
Happy Sunday team. I take it you're enjoying being away from your screens, as well as the rising HIVE price!
With HIVE being still a relatively new market, I haven't done a lot of technical analysis on the USD trading pair. However, with HIVE recently on the move, it's been hard to not take notice of the market.
Take a look at the HIVE/USD daily pair below (this is a BIttrex chart from TradingView).
HIVE/USD Daily:
What I wanted to highlight here, is the fact that HIVE is stepping up and encouragingly for us bulls who continue to toil away on the platform, printed a higher low. If this key daily zone can in fact hold, we could have a really exciting week on our hands.
HIVE's low liquidity means I can't really share an intraday chart because it just looks too gappy, but it also means that we don't need a lot of buying to truly pump the market either. Yep, the time has come.
Pump it.
Best of probabilities to you,
Dane.
FOREX BROKR | Hive Blog
Higher time frame market analysis.