Hodl, dear members of LeoFinance!
Today I'd like to outline something really very interesting in the price chart of HIVE.
In the daily chart (1D), HIVE/USD is forming a Cup & Handle (C & U) price chart pattern:
According to the Technical Analysis theory, a Cup and Handle pattern is a bullish price formation. So, as can be seen from the chart, right now, the price is testing the upper line of the C & U technical formation or the previous local highs. If a breakout takes place then this may mark the beginning of a new sustainable long-term uptrend.
To be continued ...
As of the time of writing, one HIVE costs $0,8230 on the 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 15 years, and as a cryptocurrency analyst for the last 4 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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