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.
This is my current count, if BTC is still in correction mode, I expect another leg down into next week to test the 10K to 9K zone.
Looks like another wave 4 correction is possible here, but plenty more on the upside after a correction. $500 or so is my target to the 38 retrace.
In the very final stages of a multi month correction. Anything $290 to $300 I believe is a good buy, possible targets are $600 to $900.
I believe the USDCAD will reach the $1.60 level, and perhaps surge to $2.00.
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.
I think it has 5 up nearly complete from the 3K range. Can see a 5200 to 5000 test.
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. Good Hunting.
target is $155 for now if this wave 4 is complete.