In these posts we will analyze the technical charts for Hive at the time of posting, usually around late morning Eastern Standard Time. We will focus on the daily and hourly charts to get early indicators and a good idea of where the market is going.
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Agree, my analysis also came to buy in at these new lows. According to the Fibonacci retracement, a price usually wants to retrace 50-70% after an impulsive move. We are hovering the 70% retracement now. So that together with we are reacting off a support line at the moment, I traded over some of my liquid to hive again and waiting for another move. This is, of course, assuming it will be a trend upwards and not just a random pump and dump scenario.
Hah, I think my entry was a bit more luck than skills honestly. Nobody could predict all these events. But I don't complain of course! Yeah the pump we saw was massive, probably not gonna see another one like that but who knows, the old steem has proven to do that multiple times going from 10 cents to 3+ dollars. Like 3 times in the past? So let us see if Hive has the strength to do the same. I love analyzing a bit myself here and there, although Hive is still a bit young to be doing some "long-term" analysis on. Do what you must! Hive on friend!
Hive should be listed on more exchanges