If you want to see the big move of any crypto coin,you should zoom out and look at it on a bigger time frame. Then you will be able to see a clear scenario. This is only one perspective of it. Apart from this,there are also some important signs that can show a pump in any coin.
The very good thing is that after Bitcoin's recent pump, Hive has made a fairly good position and with a slow upward move it has made a strong base and its price is continuing to move upward.
Most importantly if you look the volume of Hive on Binance is continuing to increase. Remember, to understand any breakout or to increase its chances, it is important to combine volume, bigger time frames and crossing some EMA lines as this can give a good indication.
If I look at Hive, according to the one-day time frame I can see a clear pump scenario. On the one-day time frame three good recent green candles had already formed. Then in a recovery phase and in the form of consolidation, again three big candles have formed showing a massive pump.
If you look, I have also shown this in the image... the EMA 200 line which you can see in blue color has a very high possibility that the price will touch this level in a short time. And from here, a rejection is bound to come because Hive is in a strong accumulation zone.
The continuous increase in volume is a sign that a recent good pump is expected very soon and we can also call it a God candle which will be around 35 percent. ( Are you ready for it ๐)
To confirm this further, if we move to a smaller time frame meaning the 4-hour time frame, this scenario will look even clearer to you.
All the EMA lines are below the candles which shows an extremely bullish situation. Along with this you can see that the two huge candles that have formed are very close to this resistance.
And because the volume is increasing, a clear breakout is possible which can test the next price level and that is around 6 cents.
Very soon, Hive will touch around the 6-cent mark. This is according to my analysis. Before taking any trade do your own proper analysis and research and only take a trade when you are satisfied.
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