Hive (HIVE / USDT) Hive Build the price at 1 dollar to continue the Rise?. You would sell your Hives for Bitcoin. If you are an investor you should see this analysis.
Hive on the rise, what values can it reach
We will see
Yesterday I made an article about Hive and as it repeats the bullish pattern, I recommend it.
Present
In the last hours we saw the price of Hive go back but it seems that the price of 1 dollar is acting as a support.
When the price is traded for a long time in a price range, it builds a good support to continue to rise
It seems that there is buying interest from Hive at a price less than $ 1.
The price is supporting itself, in the line of 50 periods hourly chart and it is rebounding to the upside.
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Upward Analysis
The price of Hive moves in ranges and moves at times as I explained in previous articles.
Upon exceeding the range of 1 dollar, it should mark a new value upwards, above 1.5 dollars, setting the upper limit of the range.
Down
The market for all Alcoins will depend on Bitcoin not continuing to correct.
If Bitcoin continues to correct, Hive may move back to the uptrend line, 0.85 cents
It is best for Alcoins that the price of Bitcoin remains in a range.
Would it be nice to trade Hive for Bitcoin now that Bitcoin has fallen back and Hive is on the rise? NO, if you think Hive will continue to rise.
What do you think you would exchange your Hive for Bitcoin at these values?
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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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