Since we saw the breakout 30 days ago, Hive is up 77%. Timing is everything and we can't thank enough Splinterlands for that. The huge number of players that this game brought to Hive is amazing. This new cashflow is putting pressure on the price, and from what a see in last Arcange and Hivetsat posts, Hive users have been powering up and more and more Hive is Withdrawn from the exchange like Bittrex and Binance. That's a great gamechanger that could bring Hive price to the height we saw Steem in 2008 (8.57$), well maybe not but we can dream.
let's quickly take a look at the charts.
From the start we can see on the volume profile chart that we have a strong support at 0.53$ and a resistance is forming at 0.596$.
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On the weekly chart we can see we're still in a ascending channel. The least square moving average (blue line) is about to cross de midline (dotted line) following the one I traced meaning we can expect (if things continue this way) the price to climb to the orange Bband (0.71$), which I'm not expecting before sept. 20th... but who knows with all the new SPS players.
Tradeview Indicator are all int he same direction, we should buy. It doesn't much, and definitely not that you should buy, but it tells us that we have a good price action.
Next targets stay the same:
t1: 0.71
t2: 0.83
buy-in 0.42-0.53
Thank you again for reading me.
Good luck and good Profits.
GGP
Not financial advice just my opinion! DYOR
Posted Using LeoFinance Beta
More like splinterlands is up thanks to hive.
not sure it is like that surely the influx of new acc is more about SPL i think
I just meant it would not exist without HIVE existing in the first place.
ah yes obvious indeed not that you say it haha, i was not even thinking in those terms was really just focusing on the latest surge of new peeps around :D good point
Yeah I noticed this inflow of new peeps too!
I'm not complaining, whatever gets people to HIVE is good for me! Thanks!!
hive platform is going to give profit to all
I know what you mean. And from an anecdotal perspective, I find it easier to bring people to Hive trough Splinterlands. But as you said : whatever gets people to HIVE is good for me. If we look just at yesterday stats fir acct creation: Who created the new accounts yesterday
Account Accounts created
That's amazing. 8 8895 from Steammonster! I hope this trend hold.
In the week I have more than 100 accounts created, and all in my case have been for Splinterlands. Apparently the future of hive will be for Splinterlands.
Yay! 🤗
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