New year, will hive also make a new ath? Nah! of course, but yeah it takes time to create a new ath for hive. So where will the hive go this month? In my view in price action analysis, hives will do sideways around the yellow and red zones. But yeah this is just an estimate, we're just trying to analyze the price, not predict or guess the price. I think for this week hive will go to around $1.95, then it will drop to $1.26 price or into the red zone. When the hive is around $1.26 it's a great opportunity to buy more hives.
What makes me believe the hive will drop to $1.26 after hitting the red zone? As I can see on the 4-hour timeframe, that the hive has broken the swing low or the black line on the chart above. Or maybe the hive won't touch the yellow zone, it will immediately go down to the red zone, because maybe the price now just a litle pullback after breaking a zone or swing low.
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