Here you have the HIVE chart in the 1 hour timeframe, the blue ovals have their vertical axis in what I have called the "Korean Witching Hour", which in my area is around 01:00 AM.
As you can see, since the last big Korean PUMP we have only received bearish movements, coinciding with the start of the "famous hour"... which seems to indicate according to the Wyckoff price action...
So, are we therefore entering a new accumulation phase or do we have to go down even further?
Have we reached the demand zone?
My bet at first sight and without much fuss is that we should make a bottom at 0.36$ for a traditional asset... however, does HIVE behave like this type of asset?
What do you think?
$HIVE is no traditional asset.
But, what this means price wise? No idea 😭
@tipu curate
Upvoted 👌 (Mana: 55/75) Liquid rewards.
i think it's still going down to 0,3$, lot of people powered down so there is sell pressure
All In
There is news that interest rates are going to be raised in Japan, if that happens we may see the market go down a bit, but it could also be a trap and the market will going up side. The hive should be bought here at 39 cents at 38 cents and at 36 cents after that we will definitely see it go higher and this time we will see it go to 96 cents 90 cents.
Well either ways we keep on doing what we do on the platform
Very nice analysis, I hope the price of Hive will increase.