Hello, dear members of LeoFinance!
Today, I want to outline once again that HIVE/USD continues to draw in the chart Spinning Tops candlesticks:
As mentioned before, 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, it is important to know 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 that the bullish sentiment in the Bitcoin ecosystem will have a positive impact on the altcoins, in particular on Hive as well.
To be continued ...
As of the time of writing, one HIVE costs $12,91 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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