We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
Trade active
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RUNNING
Comment
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We are at a strong previous S/R @ $2.50. Bullish pressure will continue as BTC and ETH continue running. Good load up area before next leg up!
Trade closed: target reached
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Congratluations my HODLers. As we peeked past previous all-time high, I closed my position. HIVE itself is a strong blockchain company with a diverse crypto portfolio and will continue to appreciate as crypto continues its bullrun, acting as a proxy for ETH. Caution should be exercised due to the added element of market volatility, resulting in imbalanced moves between ETH and HIVE. Further caution to any new entrants in this stock - a 20x from $.30 is not a guarantee of another 20x move from current levels. Despite that, blockchain technology is becoming increasingly accepted and their expansion projects poise them to be a leading miner in the future. I wish you all the best. Happy trading!
so with this at $6 right now, what do you see happening?
WhatsAStockMarketLOL
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@jarchibald Reaching previous all time high is always unpredictable. It never hurts to take profits, especially if you got in early. Anyone who is getting in now - hope for the best.
Not a financial advisor.
NR-Prince
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Great analysis...So far you seem to be correct... Although I think we may consolidate recent gains from here before continuing run up.
What are your thoughts??
WhatsAStockMarketLOL
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@NR-Prince, Yes, we are coming up to a resistance of ~$1.80, will be interesting to see how this plays out.
Almighti_Zeus
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What’s the new game plan?
WhatsAStockMarketLOL
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@Almighti_Zeus, Trend is your friend (: run as far as you are comfortable
d76094cd92f8471e
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not a chance, sorry! not in this timeframe anyway.