I suggested this title because I explore the Hive ecosystem more and after that my total focus is on Binance. I have around 3500 USDT there and I am always looking for a trade.
Every day, I explore a new strategy so that my profit ratio can increase. I manage risk-reward management and I have many activities on my Binance especially a few days ago.
If you have read my blog where I explained the EMA strategy I gave three backtests that were 100% successful. And today I am again here with another chart where you can see the price chart of the Hive coin.
This is the same old EMA strategy that I will discuss more today. In the case of Hive I took a small trade on the one-hour time frame where I placed my order at EMA 200, my stop-loss at the lower swing low and I placed my TP at EMA 100.
In this trade you can see how beautifully my trade worked out. And it was approximately a 3 risk-reward ratio meaning the stop-loss was around 1% and the profit was around 3%.
This strategy works very well especially on higher time frames. Its appearance is less there and you can easily take a trade.
Remember when the smaller EMA crosses the EMA 200 it creates bullish momentum and whenever it reverses it creates bearish momentum. If you understand this thing you can get good profit.
In the second image you can see that I have written "Hive is Bullish" and yes it is absolutely bullish. Hive's candles are currently staying above the EMA 200. It has tested this line three to four times and now the good thing is that the golden and green lines are trying to cross above the EMA 200. (That will confirm the bullish momentum)
In this situation I only have to wait for volume. With good volume coming in I will take a strong long position and a good pump is expected.
This is very good news for Hive that now on the larger time frame it is holding above the EMA 200 which is creating a bullish scenario.
In the third image you can see that again, on a shorter time frame as I explained when the golden and green lines are crossing over it is creating huge bullish momentum.
If this crossover becomes successful we may see a good spike. And the good thing is that on the shorter time frame as well Hive has now become bullish and there is a higher possibility that its price will move upward.
On all three time frames Hive is bullish which is creating positive momentum. And furthermore, if you want to know more about this EMA strategy and want to see and understand the backtest that I gave about Bitcoin then scroll down through my blogs and find that post.
Surely, it will be very positive and profitable for you.
In my next post you will learn about the Silver and Gold hedge strategy where I have adopted a new strategy by following the same EMA lines and it has been quite successful.
I am practicing it and as soon as I get successful results I will also explain this strategy to you with screenshots and proof. If you understand it, you can follow it.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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