Good day Hiveians!
Join me in analyzing the crypto markets!
10 days ago we talked about the positive outlook for Hive
As pointed out before the 2-3$ range seems to be within reaching grasp. With Hive pumping by 46% in a red market (which again often happens for Hive), we are continuing to ride the impulse wave that started in June of this year.
In last post I pointed out the similarities of this the current impulse wave with the one we had early this year. Here is the chart again. The bigge roval is covers the whole impulse wave; the smaller one is the characteristic in the middle of it which has hinted to a strong upward movement (which has been now confirmed with the pump):
The weekly chart has so far been just as telling: Prices clearly have stabilized at the 70 cents area to build what I call the secondary support. This is a strong support for continued upward movement, which I think will take us to about 2.5-3.5$
It is unclear to me what the time frame of the next big wave will be. Could the current pump take us already to 2$? Or will it take (several) more attempts to get there? What do you think?
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!
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