Looks like the downtrend is starting to base out into a bottom. 2 dojis seem to have formed a potential double bottom, and I am a buyer now. Doubtful there is much downside left and the company is still posting news. Either Hive will disappear and will go to 0 or the upside is pretty high. Hive claims to have a lot of Bitcoin and Ethereum in their current assets, and the price has appreciated on those assets while the price of the stock has continued downward. If/when the next mainstream push into blockchain happens, the premium on stocks like this tends to soar as people(donks) try to invest into the space without buying actual cryptocurrency. The opposite holds true also, during the times of minimal mainstream interest in blockchain, these stocks suffer undervaluation due to lack of interest in the sector in general. The blood is in the streets here and a small investment could show great returns IMO.
Comment:
Sold today, up 300%, will rebuy when RSI cools down