Bitcoin and Hive both are looking good after taking some corrections. I have done a little analysis of both the cryptocurrencies for the community and thought to share with you all.
First let's discuss the BTC which is making a good green candle today. Below is the current live chart with my support and resistance points drawn for you.
Chart Source: Binance mobile app
It has taken support from its support point of 53k BUSD price point and and has also broken out its first resistance point of 57k BUSD. The next target of the coin is 63k and if it succeeds to break this point then it will proceed towards 67k price point. Hope we will be having a good bull rally again in BTC. MACD indicator is also clearly showing that bull rally is just going to start although it is below the zero yet. RSI is also towards upside so indications are pointing towards a good positive trend.
Second crypto which I am going to discuss briefly is the Hive, my favorite one. It has many reasons to easily cross pass $5 price point sooner or later as a first target and then $10 is its second target price and who knows how much more price gain can it have keeping in view it has still many room of increased price trend. Below is the chart of HIVE/BTC.
Chart Source: Binance mobile app
It has a good support of 0.00003713 and currently breaking out 0.00004500 resistance point. If is successfully crosses this point then the next target may be 0.00006000 and who knows how further can it go. During last 5 days, it is already generating good volume with a very strong positive MACD indicator. RSI is also taken support after a slight correction.
Let's hope that Hive will cross $5 price point soon and we will enjoy all the profits in it.
Please share your views and suggestions and thanks for your support.