Hello, dear members of LeoFinance!
Today, I would like to make another small update on my previous analysis of HIVE.
In the daily chart (1D), HIVE/USD received support at the 90-day Moving Average (MA 90) and has bounced off:
As can be seen from the chart, HIVE/USD has returned to the 30-day Moving Average (MA 30).
Interestingly, in the 4-hour chart (4H), because of the current solid rebound HIVE/USD has exited the Bullish Flag (common trend continuation pattern):
Let's keep our fingers crossed for HIVE! It would be nice if this is the beginning of a new price increase.
To be continued ...
As of the time of writing, one HIVE costs approximately $0,6907 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 last almost 15 years, and as a cryptocurrency analyst for last almost 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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