Hello community,
This is my second post for the hive. Lets talk about the first analyze which you can reach from below link, then we will be looking at what we have in following days!
@radhruin/current-situation-of-hive-coin-short-term-analyze
In my first post; i have talked about 2 scenarios. For the first scenario; volume was the key but we did not see any volume in that time period.
So we just sit and waited for the 0.386 support to fill our bags. As you see; my first short term aim was 0.5$. We hit the 0.5$ as of today! It is %30 profit from our entry price.
Lets see what we have now: I am expecting to see retest of the ascending trend on both 4hour chart and RSI. It will be good entry point for the scalpers to make profit at 0.5$ resistance.
For the mid term traders; it is better to wait break out of the 0.5$resistance and its retest as it shown on the below chart. Target prices also shown on the below chart.
