HIVEUSDT 1W AnalysisHIVE ~ 1W Analysis
#HIVE Buy back gradually from here if you still have confidence in this coin with a short term target of at least 20%+ from this support.
Hiveusdsignals
HIVEUSDT 1WHIVE ~ 1W Analysis
#HIVE If you still have a Conviction on this coin,. Maybe this support block you can consider to start buying again.
HIVEUSDT 1WHIVE ~ 1W
#HIVE If you still have Conviction on the coin,. buy after successfully breaking through this resistance line with a minimum target of 20%++
HIVEUSD 1WHIVE ~ 1W 📈
#HIVE Make purchases gradually after successfully breaking through this resistance line, with a minimum target of 20%++.
HIVEUSDT.1DBased on the provided market data, HIVE is currently trading at $0.36 against USDT.
In the 4-hour chart, the Relative Strength Index (RSI) is at 53.52, which is close to the neutral zone, indicating a balance between buying and selling pressures. The Moving Average Convergence Divergence (MACD) is slightly negative, suggesting a potential bearish momentum. The Bollinger Bands (BB) value of 0.3735 indicates that the price is nearing the upper band, suggesting a potential overbought condition. The support levels are at $0.3502, $0.3395, and $0.3192, while the resistance levels are at $0.3746, $0.4030, and $0.42.
In the 1-day chart, the RSI is at 53.78, indicating a neutral market condition. The MACD is slightly positive, suggesting a potential bullish momentum. The BB value of 0.3727 suggests that the price is near the upper band, indicating a potential overbought condition. The support levels are at $0.3209, $0.2859, and $0.2622, while the resistance levels are at $0.4029, $0.4617, and $0.5444.
In the 7-day chart, the RSI is at 53.66, indicating a neutral market condition. The MACD is positive, suggesting a bullish momentum. The BB value of 0.400 suggests that the price is nearing the upper band, indicating a potential overbought condition. The support levels are at $0.3294, $0.2825, and $0.2604, while the resistance levels are at $0.4043, $0.6260, and $0.9800.
In my opinion, HIVE is currently in a neutral market condition with a slight bullish momentum in the longer-term chart (7-day). However, the price is nearing the upper band in all the charts, which may indicate a potential overbought condition and a possible price correction. Therefore, I would recommend keeping an eye on the price movement and the support and resistance levels for potential trading opportunities. Please note that this analysis is based on the current market data and does not take into account potential future events or market conditions. Always do your own research and consider your financial situation before making any investment decisions.
HIVE has formed a big bullish BAT for upto 70% pumpHi dear friends, hope you are well, and welcome to the new update on Hive coin.
Previously we had a nice harmonic trade of HIVE:
Now On a 4-hr time frame chart, HIVE has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
HIVEUSD Rejected on the Resistance despite the huge rise.Hive (HIVEUSD) has been trading within a Channel Down ever since its November 26 2021 market top. Despite the impressive rise of the past two days, it not only remains within the Channel but also is getting rejected on today's candle on the Resistance formed of the June 07 High.
The last time we saw a similar rejection pattern was on April 02 and that rejection started the sharp correction that led to the May 12 low. See how both patterns share the same characteristics of Support and Resistance Zones on double contacts before breaking. Even the RSI sequences are identical. As a result, until the Resistance breaks, the trend remains bearish within the Channel Down. The 1D MA200 (orange trend-line) is falling since early June, so on a 1 month horizon we may see it trading on the Resistance level and finally break, assuming the Support holds.
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