Hive is repeating the same pattern.
We will see
Today I will analyze Hive, separating the movements at different times.
This analysis could be useful for Hive investors who are wondering what to do with their Hive in the medium term.
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I have identified different times during the different short-term hive bull cycles
1- The price generates a candle with a wick that breaks the channel. Marking a higher price
2- The price goes back to the lower line of the channel, support line.
3 - An upward cycle begins where the price forms an ascending 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 high (moment 1).
And history repeats itself.
Today we would be in moment 3 of a short-term bullish cycle that could take the price up to 80 cents again.
This would be an 80% increase from the current price of 47 cents.
What you think?
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Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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