HIVE price got strong Support (Technical Chart Analysis)

in #trading5 years ago (edited)

Hi Hivians,

the price development of HIVE is pretty interesting.

Yesterday, we was able to break the 1.618-Fibonacci-Extension-Level at 0.79$, which was a major resistance.
Afterwards, we retested this level and got strong support (the big, green arrow).

In my personal opinion there's a high possibility that we see the next Fibonacci-Extension-Level (2.618) at 1,25$ soon, which is a good target price.
grafik.png
HQ chart

What do you think about my analysis? Let me know!

Have a nice day

Peace

XCHNG

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Let’s hope you are right !

No matter how simple most people talk about trading!... Its just some worth technical!... Sure means I'm gonna be true to learning trading!...

What a chart! Seeing HIVE hit $1 was amazing.

Where to sell and buy hive?

We lost support and are now hovering around 0.68$. A good opportunity in my eyes.
Me personally would sell it at 1,25$ and wait what happens.

Disclaimer: This is NOT an financial advice and just my personal opinion :)

Bittrex

@minimining:

Oh lol. Me = stupid. Thought you mean the price ranges :D Sorry. Yeah - Bittrex or Binance (Affiliate Link with 10% Kickback)

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I know just one thing for sure: it almost never go into direction I want :)

Excellent analysis...hope hive will hit 1$+ soon.

I don't think it has the ballz to go over $1.

Is so amazing how the price of hive is increase. 💪

How much are you buying with your fiat?

It sounds true but then there is no timeline. We will definitely break that resistance point but the time we will do so is what matters

Guys wtf happened to the Bittrex Chart? Looks like the data I posted is not available anymore?! WTF is going on? :D