FA:
It is a mining firm, therefore, coin price correlates with the miner's revenue.
If miner's revenue rises again we can expect hive to rally as well.
TA:
Seems to have found its support at the current level since the March BTC dump and the halving; will be a good one to watch as the mining industry develops to lower rewards.
Enjoy charting for you all,...
Hive is looking promising for the upcoming breakout after mAintaining its support line since June. It has some big events coming up with a Listing by Indonesian giant exchange Indodax well underway this week.
The 4H chart is bullish and it will breakout by Late June.
ENTRY ZONE:- 0.2453 - 0.2523
Three targets well in place including a short term...
Hello friends
Given the analysis I've done for this currency, we'll have to wait for the price to come out of one side of the pattern and rise or fall as deep as the triangle.
Be happy and successful
Bear and Bull view using 60M timeframe.
1. Bear View:
Hive is in currently following a downtrend pattern with LLs and LHs.
A fib retracement has indicated that a new low is made at 161.8%. The new low has been respecting its trend line (in blue) till now. With a recent pull back, another lower low is expected to retrace at 161.8% level again which same mean the...
Using 15M time frame.
1. Channelled Pattern
2. Buy at the support of 39.5 range
3. Have a stop loss at 39.05 using Fib retracement at (0.88)
4. Fib Extension suggests a sell target 1 at around 42.1 and sell target 2 at around 44.1 levels
5. Profit expected: 7-12%
6. Stop loss at: 1.5%
Happy trading
