Hello, dear members of LeoFinance!
Today, I want to mention that, in the weekly time frame, HIVE/USDT has formed a sequence of Spinning Top candlesticks:
A Spinning Top is a candlestick pattern with a short body that's vertically centered between long upper and lower shadows. So, the sequence of Spinning Tops simply indicates that the market is consolidating.
However, I would like to outline that, according to Technical Analysis theory, the longer the sequence of Spinning Tops, the more sustainable the trend will be once the price chart exits the consolidation. And, I hope it will be an exit in the upward direction. :)
To be continued ...
As of the time of writing, one HIVE costs $0,1307 on Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 14+ years, and as a cryptocurrency analyst for the last 3+ years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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