Good day Hiveians!
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What just happened was small, but should have big effects: Hive broke out of its fractal
If you have been following my posts you should be familiar with my approach: analyzing past patterns and extrapolating them onto the future. This approach has been pretty successful
Hive has a unique fractal and so far it has always been holding steady. Unfortunately this has meant for the token price to continually drop. You can see the pattern here as well as the successful anticipation of price movement (this was taken in end of September):
Here I marked ovals which show how this pattern, but notice how the last circle doesn't have a downward pointing arrow. If the current pattern would have held, this would have been a downward movement as well. But instead, we had an up when we should have had a down (the last green bars):
This is crucial for future price development. Without this we would be now at around 10 cents (perhaps 8 cents). In fact it looks like this will be the price floor for the very long future. I expect price to gradually turn upwards, albeit in a continued volatile way. It could look something like this:
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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