Hello everyone and congratulations with a happy power up day!😃
It's been an ok month, not price wise so just bought a bit more Hive here and there. I landed 3,13% increase in Hivepower now at 12222 vs last month at 2,12%. Nice to be above 3% for the month again, where I like to be. Also hold around 1600 Hive, so 15k HP for the year should be easy now, at least if we get a capitulation to $0.1.. I'll see if I powerup or wait a bit, I have 2 goals I'd like to achieve this year.😃
2024 goal: It would have been nice to see 15k hivepower by the end of the year and 1k HBD.
Including my TA thoughts as usual, as I want to track my ideas. In previous post I where talking about
lost green line and I have to look for 5th buy lol. This also now looks like a descending triangle with a target of $0.1. I think we will do like last cycle, make a bear trap towards the end of the year before the bull run for lagging alt coins run
Well, the fifth bullish divergence was printed in this dump down at $0.16. Unclear if the bottom is in, technically the target is $0.1. If we reclaim our lost support $0.25 we have already been rejected of it (bearish retest before final leg down?) or even better $0.3 the bottom might be in, if we break $0.16 I think $0.1 will come fast. We are in a downtrend, it is what it is, let's hope Hive will enter an uptrend again.🙏
This is looking a bit bleak at the moment. The fractal im tracking for my own plan so I remember it.🚀
A big rally to $1.2 - $1.7 ish the next months, and a big rejection likely to correct to $0.6-0.7 to flip it over to support after it breaks. Just like the previous cycle, this would make for a very juicy swing trade. Sell in yellow circle, buyback in green for the last stage which should hopefully lead to a new ATH. All 3 phases lasted about 3 months each, fits with this cycle peak can perhaps come in Dec 2024 considering Total2.
See my TA on BTC here:
BTC update - 3 months later a bullflag has formed, are we now going to do as Gold did?
Happy PUD and PUM, see you next month. Have a great week. Bye! 😃
Read about:
Hive Power Up Day - August 1st 2024 and more info about PUD at @hivebuzz
My previous powerup post:
HIVE POWER UP DAY 1.july 2024
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👏 Keep Up the good work on Hive ♦️ 👏
sagarkothari88 to upvote your post ❤️
❤️ @jasonmunapasee suggested
Thank you @jasonmunapasee and @sagarkothari88 ❤️
Happy HPUD!
I hope that the price of Hive will recover in the near future. It has been quite painful to see this the descending path in the last months.
Same friend! Yes lets hope Hive makes revenge soon, pain before pleasure i guess ;)
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