Direct from the desk of Dane Williams.
A lot can happen in a few weeks, can't it.
The last time we were looking for some weekend price action in crypto and featured HIVE on the blog, we spoke about price printing a higher low and possibly looking to pump.
Click that link to go back and follow the narrative yourself, or take a look at the quoted HIVE daily chart that I've placed here, below.
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.
That's pretty clear and simple what we were looking for.
With that in mind, we now move forward and talk about what's happening on today's chart, below.
HIVE/USD Daily:
Pump it? Ah, not quite...
You can the bulls tried, spiking price up on those two days in a row. But alas, for nothing as price made no progress on either close and has since pulled back all the way to our daily support zone.
While it's disappointing to see just how weak the bulls were during that push, price now continues to build the daily zone it now finds itself in once again.
The pump has to wait.
Best of probabilities to you,
Dane.
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Higher time frame market analysis.