LET'S GET STARTED!
Bullish trend in all the most used time frames to analyze!
My conclusion was that hive will have a great long term value hovering around the 0.7$ zone before continuing its uptrend, at the moment the goal is to break the resistance in the 0.4$ zone, what gives me great confidence is that in every upward impulse it has had it has been followed by very organic pullbacks followed by very clear accumulation zone.
This theory is based on the great pullback until February 23 where it took a great momentum until February 27 reaching a price of 0.448$ and marking again a range or accumulation zone with higher and higher lows until today, being the accumulation zone between prices 0.28 the lowest and 0.30 the highest to then continue pushing the price up ...
in the four hours chart you can see all the corrections, personally I consider that hive has a very good price to invest in the long term even without consolidating the 0.5$ I consider that it is a propitious moment to invest regardless of the corrections, since the strong entry price was in the zone of 78% of the fibonacci that coincidentally broke once and then respected the 200 period moving average marking a sustainable support.
without further ado I want to remind you that I am an unprofessional
trader, leave me in the comments box your ideas and tips!
