Hi everyone and congratulations with happy power up day!😃
Have been much more active this month, excited to see if I did better than last month which I just took it easy. Only one month left, then our annual author badge and 12 PUM's will be taken. Looking forward to it after 1 year of focusing on getting it. It will be nice to finish so we'll see if we'll go for the same next year, almost 6 years at Hive and I notice the longer you're here, the more excited you get to stack Hivepower hehe. I challenge @lucaskrist and @leraje to be more active before the year is over, come on guys, I'll give you an HSBI for every post you post out the year. Do it! And here are some stats again.🚀
Had a total increase of 2.95% in Hive power vs previous month of 2.3%. So this was good to see.😃
Including my TA thoughts as usual, as I want to track my ideas. In previous post I where talking about
Short term target of $0.34 where hit, for now a 27% bounce from the buyzone. We are getting som rejection here as it also is a long term trendline that hit again.. and yellow 200 EMA. We need to overcome it with a breakout with volum to continue to next target of $0.45 and $0.6. Invalidation would be a new low, if so I would look to add sub $0.2.
The chart looks great, we broke downtrend orange line, we reclaimed $0.34 and holding it and 200 ema as support for now on daily chart.
As long as the overall market is bullish I would expect more upside before a correction. As our 3rd bullish divergence was a higher low we need to take out $0.4 blue line for a higher high, it also looks like the neckline in a smaller inverse head&shoulder pattern drawn in green, and measured move and target if we break $0.4 is $0.6. Confluence with the neckline in the bigger pattern..🤔Invalidation a new low. Curious, See my TA on BTC here.
On the weekly time frame you see it easier, overcome $0.4 for take off, any pullback first to test orange trend line is to get fuel for the trip lol.🚀 Probably last dip in a long time.. What do you think?
Happy PUD and PUM, see you next month. Have a great weekend. Bye! 😃
Read about:
Hive Power Up Day - December 1st 2023 and more info about PUD at @hivebuzz
My previous powerup post:
HIVE POWER UP DAY 1.nov #PUD and 10th #PUM done 👍
Would love to see you in our weekly street art contest:
CCC's Street Art Contest #172 | 🎁 : 100% Liquid Payout and Ecency points as Prize Pool & Winners of #171
Christopher
Kristiansand, Norway
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