Do you want to earn a very good APR? Go to Binance earn function right now, Hive staking earns you around 27% APR. Its quite good profit if only you have have #hive liquid. You simply have to keep it in Flexible Saving and whenever you want to withdraw you can instantly withdraw it.
I have also explained this before that whenever the Earn APR of Hive increases on Binance it explains the bullish momentum of Hive. Therefore currently because Hive is bullish, this APR is around 27% and those who have idle Hive can take full advantage of this excellent opportunity on Binance.
One week ago I told you that a 35% pump in Hive was expected. Those who remember this will definitely understand but for those who did not know I am sharing the link. You can check that I said a 35% pump was expected and exactly the same thing happened. 100% my first TP target was hit which I had highlighted and you can see everything in this post link.
Now the actual point is that the 35% pump has been completed. After this what is going to happen now? This is a very important thing and for this it is very important to understand some conditions of Hive.
As you can see in the first picture I have highlighted the 35% pump where Hive slowly pumped well and met that target and now it is back in a cool-down position. Most importantly on the 1-hour time frame Hive is totally bullish and is staying above the EMA 200 line.
In this way we will also check in the second image what the scenario of Hive is on the 4-hour time frame and what it tells us.
As you can check on this time frame, a very good support zone has already been formed around 0.05 and this level has been tested many times which is a very good thing.
This time it did not happen that after the pump it dumped back and returned to its base level. Instead Hive is now building support here which is a very good thing for continuing the bullish momentum.
As I have also made a green rectangle, you can see that multiple times after the candle hit that area it moved back upward which is a good sign. The candles are also above the EMA 200 so according to this time frame the scenario is also bullish.
If we look at this in a slightly smaller time frame meaning the 1-hour time frame then it is a strong scenario correlated with the 4-hour time frame where you can see the same candles inside the rectangle and from there it also got good support from the EMA 200.
You can see that good support has been formed at the EMA 200 and there is a very high possibility that the price will hold from there and we will get a good move from there.
So according to the 1-hour time frame Hive is also bullish and from here there is a higher chance that the fair value level you can see above, around 0.056 will definitely be tested once again. After that it will depend on the volume that how many buyers there are and how much selling pressure is coming.
For now, on the 4-hour and 1-hour time frames, Hive looks bullish.
But now we will talk about the 1-day time frame which is a little confusing and somewhat concerning because the candles are trading below the EMA 200 which shows its bearish momentum.
You can see that the candle wick from two days ago went above the EMA 200 but it could not hold there and the price came back down below the EMA 200.
But the good thing is that a bullish formation has also been formed on the 1-day time frame. You can see the formation of higher highs and higher lows and this is showing bullish momentum.
As you can also see in this picture I have placed three TPs. Our first TP has been hit and now we are moving toward the second TP.
So, now if this level which is the current price level of Hive, holds then our next level will be around the 0.072 mark.
After that there is a higher chance that its price will settle back around 0.06 and from there if good support is formed then our third TP will also be hit very soon.
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.
PICTURES DETAIL
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| EDITING TOOL | CANVA |