10 Days have passed since my last update in the HIVE/BTC price. And it seems we're still holding strong.
Many people lose interest in HIVE after the trading competition from Huobi & the binance listing ''mania'', as our volume return to pre-FOMO levels of ~5 million of daily volume (easy ~100 million at the peak).
Looking at the charts from a pure TA view, we're not 'bad' after all:
As you can see, we're still holding (more or less) that 0,786 level (remember that supports/resistances aren't a thin line, they act more like a 'liquidity zone').
We had a couple pumps from that level, But these days people have been watching Bitcoin and not much else. By the way, We're again up from the ~9000$/BTC point, which is awesome taking in consideration that a lot of people were expecting ~7500$/BTC by now.
Who knows, maybe I'm better STFU. Never say never with BTC. It's still early IMO.
Coming back to HIVE, take a look at the daily MACD (we can look at higher timeframes as time passes).
I'm speculating that we might see some kind of bullish crossover in a week or so. The sell pressure is slowly vanishing and we're stable at 0,3$/HIVE.
Patience, We'll get there.
Hope you enjoyed the read. Drop me a comment with your view o the markets. Do you think that the 'post-halving dump' is over or not?
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