I've been posting updates on a possible HIVE price breakout and the first of the many more to come (I sincerely hope) is here.
The 4hour close was at 30cents. I've marked that level on my chart and it closed exactly to the cent. I was hoping to see the price break above it which it has. This is as good as it can get today.
This is a low time frame of 30 mins and HIVE has made a clean move and broke through previous resistance. On the following 5 mins time frame it stopped at an interim resistance level that I was expecting it to slow down at.
1min chart to show you how close it stopped to my expected levels. The price has moved further from the 5 min screenshot as you can tell the resistance has held twice on the 1 min. But if the setup holds it should blow through it the next time. But I'm glad how this has played out so far.
The 3D and Weekly now looks better than ever before however, I would like to see atleast 35 cents hit before a pull back.
I'll post the weekly chart later. For now fantastic move from HIVE. Especially with BTC starting to look a bit dicey after failing to stay above 12K.
Overall, i'm positive about HIVE price but BTC could spoil the setup nonetheless. I'll be back with another update shortly.
You can find my previous posts on HIVE price on my blog.
Not financial advice!