I am long on HIVE now, there are very massive targets on the upside considering the percentage gains of wave (I), this can get anywhere from $60 to $150 depending on how far cryptos rally. First things first, wave (1) of major 3 I am targeting the $6.50 area. If this makes new lows then this count is invalid and will need to be revisited.
Price has reached my buy zone and is working on a daily hammer candle. I think longs are good now, with stops under $2.50. Target for this next wave 3 up is very high from 25-30x the $2.60 low, wave 3 could reach $78.
I think a 5 up is complete, I am not sure where to measure the FIB starting point, at the $0.30 Private Placement price, or the first day of public trading gap up. For now, I am putting it at 0.30.
Either way, I think the gap at $2.60 is a target. Hive is the largest public mining company in the world.
For now, I think Qs have a chance of tagging the upper trend for the wave (3) target. there are also alternate bearish counts at work, but seasonally, Tech rallies into September as well.