It's more than likely the descending triangle plays out with Hive, unless clarity on the situation with Genesis happens sooner rather than later. Even if Bitcoin & Ethereum continue the upward parabolic trend, Hive has lost some or basically most of it's correlation to the two assets, which at one time was "roughly" 94%. Time will tell per usual.
Hive is trading over 4M shares on all exchanges, we may see a gap here shortly. Hive was trading roughly 94% in correlation to Bitcoin & Ethereum before the attempted takeover by Genesis Mining. Time will tell per usual.
It appears as though Hive may breakout of this ascending triangle & test resistance at 62c. Time will tell per usual.
It would be nice to see a flush break above 54c & test the resistance at 62c next week. Time will tell per usual.
#hive MFI has only ever been in these number two other times in the companies recent history and is quite over sold at least for the time being, the 0.46 level has held for the past few days with a static support of recent floor and also the Andrew fork trigger line support (im yet to see this trigger fail) , with last nights break out on #BTC and the company CEO...
Following the dispute news between Hive and Gen we saw a 24% decline today which from a technical stand point only did the much needed pull back to the broken major resistance of BTC 4300. Should we see the bottom channel support I think it will be evidence that the trend has not reversed. Also there is some major static support here as well. #hiveblockchain
The uptrend for Hive is still intact. Hive broke through two channels with news yesterday about Genesis attempting to take control of the board. I think now that the market has had a chance to shake weak hands, we may start to continue the uptrend, as long as Ethereum & Bitcoin do as well. Time will tell per usual.
If Hive consolidates above the ascending triangle & continues higher the trend is still bullish. Time will tell per usual.
$5,635.2 USD is where my resistance for Bitcoin is. I think Bitcoin is getting ready to Moon to $6,351.0 USD area. Keep your eyes on Hive Blockchain, they are currently Halted due to Genesis Mining attempting to takeover control of the board! Fidelity is the second largest shareholder! Hive is trading roughly 90% in correlation to Bitcoin & Ethereum.
Ethereum has consolidated above the Ascending Triangle breakout in early April, which is important when trying to reverse a bearish Macro trend. Old resistance should become new support, and that's exactly what happened. I'm expecting Ethereum to break out of the first channel above the Ascending Triangle I talked about previously by the end of this weekend,...
HIVE crypto farm miners in Sweden, Iceland etc. Blockchain infrastructure company. Cost-effective power energy politically stable jurisdictions (Iceland & Sweden) with access to low cost green/renewable energy. Mining and sale of digital currencies. Perfect asset exposure to crypto market. HUGE upside potential. Hopefully it will work out. Recently we have seen...
The bottom is almost here, I see us going to .415 cents as the bottom before the next leg up.
This is another chart similar to my last HIVE but with all 4 major coins im following. This is just a future forecast prediction.
In correlation with my SPY Project, this is where I see the crypto market heading.
Great set up on this blockchain stock. A green close on the weekly here could show signs of trend reversal. $HIVE.ca $GBTC
Seeing lot's of green shoots in HIVE - We need to break up that blue downward channel to confirm bullish trend change.
After taking the shorts along with rest of crypto sector, HIVE has now reached my buy limit of 1,70 where i now closed all shorts with a hefty profit
HIVE has an option to acquire at least four additional data centres from Genesis in Iceland and/or Sweden. Sweden Phase 1 is the first digital currency mining facility jointly constructed by HIVE and Genesis Mining Ltd. (“Genesis”), the world’s largest digital currency mining hashpower provider. Sweden Phase 1 was completed on budget and utilizes custom...