HIVE:
In this article, I will be discussing how and why 1$ is remarkable for HIVE and why we see big rejection after the 1$.
To those who are following me and my article may have already known about my article about HIVE Going to 1$ when it was at 0.5$.
If anyone had done his/her research at that time, you would have got a 200% return in less than 2 weeks.
The most direct link is here:HIVE/USDT REVIEW? 0.83$ -1$ HIVE NEXT?
You can look at some blinks of the article and what I have said at that time in the following snapshot.
SO, LET'S CLOSE THE OLD TOPICS AND MOVE ON TO WHAT MAY HAPPEN NEXT AND DETAILED LOOK AT THE HIVE/USDT PAIR AND 1$ ANALYSIS.
HIVE NOW:
LET'S TALK ABOUT 1$ FOR QUICK?
1 $ is the psychological level for the HIVE coin and I have told this many many times. Because of the same thing we see big rejection once the price is hit or we cross it. This is because most of the people or big trader has the limit order set at that level and the selling pressure can't sustain. The more close we come after the rejection of the one Dollar or the less pullback we see, it means the zone is going to break. Once the zone is a break, What will happen? We will talk more in the latter portion of the article.
I never change anything on my chart and you can see all those levels plotted are acting really good. (I have removed that % growth target because it has already been hit.)
In the daily candles, the price has closed above 0.8$ . This is one of the most important things to look for but a lot of people miss this thing.
WHY THIS IS IMPORTANT?
Because in the history of the HIVE, it is the second time price has closed above 0.8$. And the thing that makes the HIVE still bullish is the overall crypto market right now. The general sentiments of the people are bullish right now and every coin has started to pump and from the simple theory of the money flow which I have discussed in most of my article you can see the potential right now HIVE has is enormous.
WHAT HIVE IS DOING RIGHT NOW?
If we look at the chart closely in the 4-hour time frame.
You can clearly see the trendline on which the price has been getting support and resistance. Right now the price is trying to break the 0.8 $ level again and it has the trendline support which has been performing well from the last few days in the four hourly time frame.
Trendline and KEY Levels are the most important levels to look for the Technical analysis in my view and I do look at them most of the time and it goes well for my analysis. If you look at them another way, Please be sure to leave the comments below.
WHAT CAN WE EXPECT FROM THE PRICE OF THE HIVE IN THE COMING DAYS?
- The price is again able to close above 0.82$ with good liquidity then we may see another big candle reaching the 1$ mark. Keep in mind that the price has tried for 1 $ many times and what does that means is: The same 1$ will start acting as support once it will be broken and the more it tries to break the greater support it becomes after it brokes finally.
- The Bitcoin is Bullish and Bitcoin Dominance is falling every day, Etheruem is close enough to break the ATH, all of this shows that the boom has already started and this time the remaining alt season will be more than the last one.
- If the price breaks the ATH, then the rest of the price discovery will be massive, you can know about it just by looking at the performance of SOLANA.
HIVE IS LISTED ON BINANCE:
DO you know how important is it for the crypto project to be listed on the world's most liquid platform? Hive is listed on the Binance Platform and 78 million traders trade on Binance at the same time. It means there is no shortage of liquidity in the platform, it is just a matter of time WHEN?
Believe me or not this is true. The money flow hasn't started, still, the top cap altcoins are performing the most. HIVE is ranked in #top 200 and currently at #178. Once the money starts following, which I will let you know in the future, HIVE Wis going to give some massive massive returns. MARK MY WORDS.
SOME IMPORTANT THINGS TO LOOK FOR.
- NOTE: DON'T FALL FOR FOMO, DON'T BUY THE PEAK, CALCULATE YOUR REWARD/ RISK RATIO BEFORE INVESTING.
- If you have bought HIVE at a lower level, yes you can HODL tight with profit BOOKING STRATEGY which you can learn from my previous post here:DCA AND PROFIT BOOKING EXPLAINED IN EASY WAY|| BEST WAY TO BUY IN BEAR AND SELL IN BULL .
- Personally, I strongly discourage you to invest or buy for the short term right now.
- If you are aiming for the long -term go for it, but for the short term, try to do DCA during Market Crash. I repeat:
DON'T BUY AT PEAK. LOOK FOR THE RISK REWARD RATIO.
SOLANA HAS SKYROCKETED, THIS IS NOT THE TIME TO BUY THAT TOKEN. A FEW MONTHS AGO THAT WAS TRADING AT 25$. What were you doing back then???????
- APPLY THE SAME THEORY EVERYWHERE AND FOR EVERY CRYPTOCURRENCY.
DISCLAIMER:
This post is for entertainment purposes only. Take my words with a grain of salt. Use your brain for your hard-earned money.
THANKS FOR READING.
@ridam
Posted Using LeoFinance Beta
I am in Hive for a long term. Although short term profit taking don't hurt.
Posted Using LeoFinance Beta
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