Hive Repeating Pattern. I told them that I came the moment 1. If you are an investor in hive you should see this analysis.
Today breaks hard, moment 4 of the cycle that repeats, the resistance, the key is where the price will close today
We will see
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Let's start at
More than a month ago I made an analysis of Hive price, and as it was repeating a 4-moment bullish pattern
At this moment it is 1 dollar and broke the channel, moment 4, and we could be at the beginning of the moment 1. The price could form an ascending channel as it has already done in previous cycles
The four identified moments are:
1- The price generates a candle with wick that breaks the canal. Marking a higher price
2- The price returns to the bottom line of the channel, support line.
3 - An ascending cycle begins where the price forms an upline. The price can perform a false break and returns to the upward trend line
4 - The price breaks the channel at the top, the price increases its rise and in a few days it generates a candle with a wick that marks a new maximum (moment 1).
If you want to see the previous post this is the link
We are at the time 1 of the bullish patron
The daily volume was high, which confirms the interest in the Hive currency in this movement.
What we should wait in the next hours is where you close the daily candle. It should close up of the break.
In the next days and weeks we could see a hive bullish forming a new ascending channel (moment 1) and mark a new maximum at the time 1 of the new cycle.
As far as you can get time 1 of a new bullish cycle?
In general, the price is usually moved in ranges.
In the previous report we indicate that the price moves in ranges and an objective price was 1.5 key price and so it has been.
Graph a month ago, anterior article
Today.
Conclusion
It is key the close today must be above 1 dollar, so as not to think that it was a Pump. And return its price at 70 cents.
From close up 1 dollar, 1.5 is a price that Hive could go again.
If the price is strengthened increasingly until 1.5 in the next days, it could be the price overcome the 2 dollars.
What do you think is a pump the Hive rise or will follow up?
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