
Hi everyone and congratulations with happy power up day! 😃
The month of July is done, one more month which I think went incredibly fast, probably because it's summer hehe. Been active in July even though it went quickly and it pushed us over 8k hivepower. Nice, then we are on track for 10k by Christmas as it have been our goal from the start of the year. In life I had a week's holiday, it was great, just relaxing at home in the sun and enjoying the freedom to get up, eat and sleep and do exactly what I want when I want hehe. And I still have 3 more weeks left this year, yohoo. Ok, lets go, here are some stats again.. 🚀

A good month, had a total of 3.7% increase in the hive power vs 3.2% previous month. On track on all the PUM's and still in the fight for the yearly author badge. Nice. 😃

Including my TA thoughts as usual, as I want to track my ideas. In previous post I where talking about
We saw $0.27 for now and tapped into my buyzone, as long as we make a higher low compared to januar low at $0.24 we might form an inverse head & shoulder and a reversal rally is in the cards. Short term im looking for $0.38 to hit, if overcome then $0.48-0.7. If we see a new low we will most likely print another bullish divergence as previous and get our 3rd setup for adding..
And $0.38 where hit, that was an 40% move from the buyzone's first push. As mentioned last time, we need to recover it for the next targets $0.48-0.7. And the potential inverse head and shoulders pattern is still in play as long as we don't print a new low. In that case, as also mentioned, we will probably just create a bullish divergence like the previous two trade ideas and then see the real move that brings us to test $0.65 ish, that will be the neckline to overcome to confirm the ih&s pattern. Again, it depends on Bitcoin. And it broke the bull flag to the downside, so we can get a test of HIVE's lows if BTC will correct to 25k again.. See my TA on BTC here.

Happy PUD and PUM, see you next month. Have a great week. Bye! 😃
Read about:
Hive Power Up Day - August 1st 2023 and more info about PUD at @hivebuzz
My previous powerup post:
HIVE POWER UP DAY 1.july #PUD and 6th #PUM done
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Christopher
Kristiansand, Norway
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