HIVE - TO HOLD OR TO SELL FOR PROFIT
The yellow box :
Long sideway market which has become strong resistance after the market trying to making bullish movement. After waiting for long period of time in yellow box area , it is normal everyone including myself see the hive bullish movement. In this few month , HIVE has making few times bullish movement, but the seller pressure making correction to the market. As for today , i know many become happy to see the solid bullish movement . Some will sell because the current market is trying to break previous resistance. I was tempted to sell my $HIVE after seeing those candle , but i decide to HOLD because those bullish pattern start at HIVEFEST.
Like what i write in my previous post , those pattern is different from the previous one where after the HIVEFEST those candle making slow bullish bar leaving the sideway area. When it reach previous high or resistance , the market sold off those selling order and it was actually the right place to making re entry after the correction. Currently the market is trying to break those resistance and ride the bullish movement. Of course to making those break HIVE need momentum and volume , but once it break it might become new support or will become new fakey bar. But , when we see the large view we might see another bullish for hive if the major crypto make bullish movement.
HIVE surprisingly has increase 44 % in this 7 days. I still wish it ll making another new high before the end of 2021 . I ll HOLD my portfolio for now.
NOTES : This is my own journal learning process in crypto and not a professional advices.
HOLD OR SELL FOR PROFIT ?
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