It's been a while since I've looked at Hive TA in any depth, but given that the BTC market looks like it could be breaking out it became relevant to look at Hive too. In this chart you can see that Hive is breaking out of a trendline that's been around since November of 21.
I'm not an expert trader by any means, but I'm smart enough to know that break outs of long trend lines to the upside have a tendency to push higher.
Daily RSI is pretty high, so it has me a little nervous there's a decent pullback chance on the daily timeframe, but weekly RSI is still quite low and shows a lot of room to the upside.
Crypto is volatile so as always it can go up, down or sideways, but it's nice to see some bullishness in the charts. Especially because back in the old days with steem we would see bitcoin breakout and it would take a long while before steem would respond. This looks like it's moving along with the btc market, which is a vast improvement over how it used to go with Steem.
Good luck out there, don't get rekt, and don't risk money you can't afford to lose.
I own a lot of Hive and imagine I'll be sleeping soundly knowing it's slowly accumulating and what I have accumulated seems to have a bright future in the not too distant future.
(this is not financial advice, I'm not a professional trader or really even a hobby trader. I look at a lot of charts, and like the setup of this one at this point, but you should talk to actual professionals about your finances and not listen to some bro on the internet like me.)
