After the decent pump in HIVE the cooldown is now complete and if you look at the bigger time frame you can see that again it is making a consolidation above the three EMA lines and it looks like a new bullish momentum is starting.
You can see that on the four-hour time frame, four green candles have already formed and the candles are holding above the EMA lines and the good thing is that the volume has also remained maintained to a great extent.
Similarly if you analyze it on a slightly smaller time frame then again you can see the same positioning that the candles are above the three EMA lines which is showing a strong bullish momentum.
It has tested the EMA 100 three times and taken a good rejection which is good news and its bullish momentum should continue.
Similarly if you look at it on an even smaller time frame you will see the same scenario.
On the one-day time frame you can see that a lower low and higher high are being formed and at this time the candles are above the EMA 50 on the one-day time frame which is good news.
Fortunately six green candles have already formed and as you know three to four days ago I expected a 35% pump which will definitely test the EMA 200 and there is also a resistance there which is around the 0.06 cent mark. ( This pump is still valid) A BIG 35% PUMP IS EXPECTED
So the chance of going there is very high.
This weekend I am watching the HIVE and Hemi crypto coins because both are very attractive and the volume and momentum are also increasing.
For HIVE we need to watch the volume closely and as soon as buying pressure is seen then we will enter it and it can attempt a strong upward move.
And if we look at Hemi then after a strong cooldown it is now coming back into momentum and a good trade can be seen.
#HIVE and #HEMI are the hot crypto coins this week.
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