Hello!
This article is going to be a blessing for the Hive Lovers including me. I have stopped posting for a while it doesn't mean that I am no more working on this platform. The day I got introduced to the Hive Blockchain I was fascinated by the fee model for the transaction in the Hive Blockchain and understood the benefits of using HIVE over other traditional Blockchain whose fee model is similar to the Ethereum in many ways no matter how much they talk about the stability of the network.
In this article I will be covering:
A few months ago when I was first introduced to the platform it was really a big projection for the HIVE to reach the 1$ mark and I had already done my detailed analysis on the fundamentals of the HIVE Blockchain and considering the higher price movement in the past, I was almost sure the price is going to hit the mark of 1$ mark no matter what other feel or say or speak. HIVE will not listen to any other thing. I made many posts but I don't know how many people actually listen to that and got their entry when it was so cheap and so undervalued. I don't say it is overvalued right now but yes it is above the price it was earlier.
In the chart above you can clearly see the price is in the accumulation zone and has been trading inside the zone for a long period of time if we don't count the big spike to the dollar and thirty in a day. OMG, that was an insane move.
So, the 1$ HIVE is reality right now and we are just 20 cents away from trading above that. REMEMBER the real spike will happen once we go above the 1$ mark and sustain there for a week or more. If we look at the weekly chart all of the 1$ marks are being marked as the spike because the price couldn't sustain over it for a long period of time or we can say at the end of the week.
It was the same for the daily chart last time, look at the price of the HIVE in the daily time frame you will realize that a few times ago we couldn't sustain above the 1$ in the daily close. But now we made it GUYS, now it is time to sustain over the 1$ in the weekly time frame.
Yes, look at the price hitting the 0.83$ MARK. OMG, I am so much bullish on this chart I don't know why lol.
LOOK AT THE 0.83$. The resistance is being so weak every time and I think HIVE is just another moment away from the massive rally which will be easily more than 50% without any doubt this time again. Be sure to be ready for the fakeout possibility just like in the second red resistance as we have seen previously. That is the risk but we are close to the Breakout, I can say that right now looking at the price action of the coin.
There was a quote named Picture speak the word. Yes, I don't like to speak because my TA speaks about that and You can see how the chart respects the TA and is being respected no matter it is a candle to a spike. Your order will be filled if you have your order already placed there in advance so be sure to follow that.
You can look at the zones after the price brokes after the 1$ mark and we sustain over it:
Look at the chart and mark the targets so that you could be sure about the targets earlier.
