Hive (HIVE / USDT) Bang !!!! HIVE repeating pattern. I told you, we continue in moment 3. If you are an investor in Hive you should see this analysis.
Today the price of Hive returns to lean on the uptrend line moment 3 and bounces upward more than 8% at the time of writing this article
We will see
A few days ago I did an analysis in which I analyzed that the price of Hive if it does not hold the value of 1 dollar could go back to the ascending line. The price could return to form an ascending channel as it has done in previous cycles
If you want to see that analysis this is the link
More than a month ago I did an analysis of the price of Hive, and how it was repeating a bullish pattern of 4 moments
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).
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We are at moment 3 of the bullish pattern
The price has touched the line and for now the price of Hive remains with an uptrend.
The daily volume is not high, data to take into account, you should increase the volume of Hive in the next few days.
In the coming days and weeks we could see a bullish Hive continuing the ascending channel (moment 3) and mark a new break at some point.
How far can moment 1 of a new bull cycle go?
In general, the price usually moves in ranges.
In the previous report we indicated that the price moves in ranges and a target price was 1.5 key price and it has been.
Conclusion
It is key that in the next few days the price of Hive remains within this ascending line to reach 1 dollar again.
To close above 1 dollar the 1.5 is a price that could hive again.
If the price of Hive is consolidated in an increasing way up to 1.5, the next price objective would be to exceed 2 dollars.
What do you think the price of Hive will continue to rise?
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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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