ScotianBot

Is Hive trading in a Bull Flag?

Long
TSXV:HIVE   HIVE BLOCKCHAIN TECHNOLOGIES LTD
Possibly a descending triangle as well, but the RSI is fairly low on a 1 Month chart which indicates there's room for appreciation before becoming overbought.

One thing I find very interesting is the fact that Hive has traded 321,456,046 shares in the past month, keep in mind Hive only has roughly 327M shares outstanding, huge volume surpassing the 2017 parabolic rise but the share price didn't increase 1/5 as the previous Bull Run.

On a positive note Hive is gaining back its correlation to Ethereum , technically during the past month Hive has outperformed ETH which is interesting. ETH is the Grey line & Bitcoin is the yellow.

Comments

Thanx!
+1 Reply
HI FIVE!
+1 Reply
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