Good day Hiveians!
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Hive's chart is looking exciting tonight
This is a quick update for what could be happening in the next hours at around 00:00 UTC; if not then there is still a high chance for it happening in the next days. Hive is at critical threshold as we have noticed almost 2 weeks ago. As of now Hive has just cracked the weekly resistance trend line coming from the previous highs seen here:
I have also made this chart last time which shows a converging of 3-4 major resistances at 35-40 cents as well as the "horizontal" resistance at around 50-60 cents:
I reasoned that price was going to try to tackle these resistances with two possible outcomes: a push to the main resistance at 50-60 cents or a rejection at the lower resistances back to the blue macro support.
Tonight's chart
Again, this pump could be delayed by some days, but it could happen as soon as at 00:00 UTC tonight. I would expect a breakout to move up to 30%-50% and either get rejected by the lower or upper resistances seen here:
Conclusion
This is a post mainly pointing to a high profit opportunity. Expect the pump to be followed by a dump taking us back at least into the 40s over the next several weeks. But even so, it seems at the moment as if the lows of around 27 cents could be the continuation of a major uptrend that started with the low of 25 cents for the last bear cycle. We'll have to wait if this bigger push transpires to make any more predictions
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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