Greetings, dear blockchain people!
After a short creative break, I decided to return to the reviews of the cryptocurrency market. Today I would like to share with you my opinion on the #HIVE coin. I make my technical analysis on the TradingView website, using futures market volumes, mathematical pivot levels, as well as trend structures and price action setups
Current prospects:
Now HIVE quotes are in the phase of a downward corrective movement. The price is approaching the good support zone - 0.83/0.88. The Point of Control line (The price level for the time period with the highest traded volume), as well as the 38% fibo level pass here. If the price manages to build a 123 reversal model * next to this support zone, as well as break through the key pivot point - PIVOT 1.16 and gain a foothold above it - growth targets will open - 1.5 (23 fibo), 2.25 - resistance level (R2) and finally the historical maximum - 3.4.
If the price can break through the nearest support zone, the next potential support/reversal zone will be the 50% Fibo level - 0.57.
- example of 123 reversal model:
Friends, I will be glad to discuss your opinions about the prospects of the HIVE token in the comments. Good luck to all of us and divine HODL!