This is how the price moves for hive, 5 days ago I discussed in brief about the price of hive and told what is the possible scenario for hive. I also shared a trade which hits successfully and as I told the price moves in the same direction.
This is the link of the post which I discussed about HIVE/USDT according to 1D time frame. If you want to be a good trader it is must to learn about the market trend because it is one of the easiest way to make easy money.
A famous saying that "Trend is your friend". If you understand the trend you can take trades blindly and the win percentage will be 100%. But if you dont know about the trend and do your proper analysis then you win % will be 20-30.
Therefore, it is very best to know about the market trend before taking any trade. In the chart you can see I draw a trend line for HIVE. I told that according to 1D time frame if the hive breakout or breakdown this trend line then it can burst either direction.
The same happened, I told that HIVE is bullish and has made bullish pattern, if the candle closes above the trend line then it can give a good move. We see that HIVE moves by more than 10% and is still above trend line which still indicates a bullish pattern.
I hope many of you guys must have followed by analysis and made good profits. I will come with another analysis in the coming days, stay patient.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
Source