HIVE IS ALIVE is probably an understatement at the moment... But FOMO and speculation seem to be the main drivers of this rally.
It is really obvious that this will probably not last for very long, because yesterday we had a trading volume of $49 Million and the number of HIVE powerups was VERY low compared to this. If we don't see a lot of powerups soon, this rally will come down again once the wave is completed.
Here are some of the crazy stats that happened in the last few days:
300% up in the last 7 days, 255 BTC traded for HIVE on a single day on Bittrex, daily trading volume according to coingecko $49 Million on a single day...
I have 5 different scenarios for HIVE that I am tracking, with this one being the most probable by far!
White wave 3 could be done now, but we could also see one more high for white wave 3. After white wave 3 is completed, we will see white wave 4 developing which could be anything from very shallow to very sharp or very time consuming. After white wave 4, the peak of the first HIVE impulse wave is expected in white wave 5. At this point I am going to sell everything that I have liquid by then. My powerdown is already started...
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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