Two days ago I posted my first Hive Price Up-Date where we analyze and predict the near term price movement of Hive. So far my near 20 years of trading experience has served us well. I said the price was likely to break out from the bull flag and head to 3 dollars that is exactly what happened. I'm so pleased with the accuracy of my first post I left the arrow on the chart which you can see below.

Still narrowing in on the hourly chart; the price has come back to it's recent highs of three dollars and is now backing off. We are forming what looks like a probable cup and handle pattern(shown in the shaded area). The rising support line offers support around $2.50. With momentum to the upside we can expect a break out above $3 shortly.

If the price fails to break out above three dollars more solid support will be found around two dollars and more consolidation/ sideways churning should be expected.

What do you think? Is the price of Hive about to break above $3 dollars?

From the Gulf of Thailand

-Dan "World Travel Pro"

THANK YOU AND DON'T FORGET TO

UP-VOTE, COMMENT, RE-BLOG :)

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Photo by Kerin Gedge on Unsplash