RE: RE: Hive Technical Chart Analysis for May 9th 2020: HIVE PRICE - 0.36 USD
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RE: Hive Technical Chart Analysis for May 9th 2020: HIVE PRICE - 0.36 USD

holm(68)
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Agree, my analysis also came to buy in at these new lows. According to the Fibonacci retracement, a price usually wants to retrace 50-70% after an impulsive move. We are hovering the 70% retracement now. So that together with we are reacting off a support line at the moment, I traded over some of my liquid to hive again and waiting for another move. This is, of course, assuming it will be a trend upwards and not just a random pump and dump scenario.

@holm: Agree, my analysis | Ecency