Hive: is the Hype continuing? The #cryptotrading rally is also supporting #blockchain stocks. See $HVBTF .Technically a breakout out of the range could continue the trend. Next price target would then be at $2.94
HIVE trade ideas
Hive going up?Seeing ideas about Hive and would love to share mine and hear more thoughts.
I'm seeing an ascending triangle, and closed above the small resistance at 2.74
Closing above 2.92 would be a good sign?
I'm pretty new to trading, would love to hear everyone's thoughts
Bull Flag breakout for HIVE!!Hive has consolidated into a bullish flag over the past several weeks and is currently breaking the downward sloping resistance of the pattern to the upside.
On the KST there's a noticeable bullish cross.
On the RSI we're seeing higher highs and higher lows forming an Ascending Triangle.
There's merit for an Inverted H&S as well, see the chart below attached.
Looking at HIVE on the TSX-VSpending some time in the world of financialisation of blockchain and cryptocurrencies. HIVE looks like an interesting player that has recently garnered some attention. Vancouver based and they specialize in ETH mining which will prove interesting because ETH is scheduled to be proof of stake...not so sure, have a bid in for a small amount of shares as I have limited capital at the moment.
Putting in a small order near 2.32 with an assignment to do some more study of this company. Not in a hurry to buy as I am not fully convinced that with Proof-of-Stake, their venture will find profit in the long term.
HIVE Dec 27 2020as always, i try to keep my thoughts simple and clear.
these are my thoughts going into this week, I am watching for an opportunity to make a swing play, but if the price pulls back far enough, there could be an excellent opportunity to buy in for a long hold in my opinion.
please do not invest based on my opinions and do your own DD.
HIVE Blockchain remains heavily bullishHeavily oversold just to get us back to our trend line which it bounced off nicely. Great buying opportunity at these levels. The only profitable miner in the space with less market cap than RIOT and MARA which are both heavily unprofitable at -0.55eps and -0.44eps respectively vs HIVE +0.045eps. You do the math...
updated charthive reached its final destination. broke up out of a ascending wedge and possibly could retrace and consolidate from here. imho take profits or move your stop losses to 1.25. huge gains from at last post if you follow my work. congrats. as traders we take profits and move on.
Large cup and handle break out Here we go. Hive is off to the races in a long term uptrend next 50-100 week price target of 2.55. Fib channel will Show you the way. Does does this mean for crypto’s? Ethereum and xrp are the future of currency imho. Which means hive will be making bank. Happy trading.
Hive to try to break out next weekWatch the crypto space during the fed announcement. More easy money coming which should explode gold silver and crypto’s. .85-1.00 price target 3-6 months for hive if bitcoin and ethereum keep up this rally.
HIVE.CA: Bullish pennant, confirmedBullish Pennant, Confirmed
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS ascending and above 0
250RSI above 50
ATR ascending
200MA Ascending
R/R ratio above 25, High
Target:
PT = 2.29$
Possible 2300%+ Return PlayShout out to Elliott with the wave.
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.
Micro Bullish Flag or H&S? It appears as though a bullish flag is forming for Hive.
KST is about to cross bearishly indicating there is potential for further downside action.
I have placed three blue finger icons that represent previous examples of micro head and shoulder patterns, the dark blue human icon is the head of potentially a Macro H&S and the two fingers would be the shoulders.
In dark green there's merit for a Macro Ascending Triangle, price target of approximately 1 dollar CAD if the pattern plays out bullishly.
5th wave complete, correction comingTSXV:HIVE showing a symmetrical triangle with a long term price target of $0.81. All elliot waves confirm to the rules and the 5th wave target has been reach ($0.58 - $0.59); I will be selling my position in the morning. Price correction is coming and after it will push to complete the target of the symmetrical triangle.
I used MACD Trend Strategy to confirm my entry, I am using elliot waves to take profits at $0.59 - $0.58.
Crypto miner to benefit from lower DXYBreakdown in DXY, resulting in higher major cryptos through eoy into 2021
Descending Triangle breakdown for Hive?It's unlikely this plays out as a bullish flag because the baseline of support has been breached indicating the pattern is a descending triangle.
Falling Wedge for Hive?Wedge patterns have a tendency to break in the opposite direction from the trend lines, meaning, a rising wedge is more likely to break to the downside, and vice versa.
Bullish flag or Descending Triangle / Double Top?Hive appears to be trading in a Bullish Flag, or possibly a Descending Triangle with a Double Top to compliment the bearish narrative.
HIVE Blockchain: successful breakout and getting ready to move uIf a cryptocurrency bull market plays out like I think it will, stocks related to cryptos will benefit. This is a good one to keep an eye out on. It has broken out of its bearish wedge and appears readying a move higher.
Ascending Triangle breakout for Hive, new ATH's on the way?Hive appears to be breaking out from a Ascending Triangle.
With the Halving approaching in less than a month & China officially launching their own Digital Currency recently, there's Macro bullish sentiment that surpasses the positive crypto environment that resulted in Hive going parabolic along with Bitcoin & Ethereum.
McDonald’s and Starbucks are reportedly part of China’s digital currency trial.
China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports.
McDonald’s, Starbucks , and Subway are the only three American firms among 19 companies participating in the trial.
The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched.
McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency.
This is the main reason why China propaganda has become dangerously provocative in America.
China is rolling out a cryptocurrency, a lot of the details have not been divulged.
I can tell you the cryptocurrency China’s rolling out will likely be backed by gold . China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
HIVE and the Gann Square of ninePlaying with the Gann sq of 9 and looking for relationships to predict support and resistance based solely on Gann's sacred maths...
