Hello, dear members of LeoFinance!
I hope you are not panicking because of today's flash-crash in the crypto market. So, let me comment on the price chart of HIVE.
In the daily chart (1D), HIVE has dropped today below the 360-day Moving Average (MA 360):
Theoretically, MA 360 is a very important support level. At the moment, MA 360 is at the level of approximately $0.2747. In my view, if Bitcoin stabilizes and puts an end to the ongoing correction, then very soon HIVE will get back to the MA 360.
To be continued ...
As of the time of writing, one HIVE costs $0.2075 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last almost 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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