Direct from the desk of Dane Williams.
I know we're all HIVE bears on LeoFinance these days, but bear with me here.
I've previously shared my thoughts on where I see HIVE demand coming from and also just found this excellent blog also on the subject of HIVE demand that's worth a read if you're bullish on our fundamentals.
But flicking through my watch list today, it was actually HIVE's technicals which caught my eye.
-gasp!
Full disclaimer: As we've never been this low before, it's very much catching a falling knife territory, but I can't help myself.
Take a look at the zoomed out, HIVE daily chart below.
HIVE/USD Daily:
That chart was more for overall context, but now take a look at this next one, just a little further zoomed in.
HIVE/USD Daily (Zoomed):
Let me just say once again that even if the overall crypto market is starting to pump, HIVE is still in a higher time frame bearish trend which adds to the risk.
I had also previously been buying Hive above the 14c previous support level, which has now been retested as resistance and remains in play.
But I certainly like what I see today.
IF... and it's a big if.
If price finds a bottom here at 11c, then this hammer like candle on a pullback into the short term zone offers some truly excellent risk:reward on longs.
And risk:reward with the potential for hitting home runs is all that matters to me as a trader.
Just finally, I want to give a shout out to 
Sorry, not sorry.
Best of probabilities to you,
Dane.
FOREX BROKR | LeoFinance Blog
Daily market analysis.