Good to see that Hive is pumping since yesterday and we see a lot of volume as well which is a good sign. Currently our loved crypto is trading at $1.08 price point and going good. Below is the updated chart and analysis.
Chart Source: Binance mobile app
S1: $1
S2: $0.8
R1: $1.12
R2: $1.5
My new support line is at $1 and it can take support from here onwards, consolidate and.then continue the trend and the second target is highlighted by the red resistance line i.e., $1.12 and then towards $1.5.
MACD and RSI indicators are also showing good trend and 2 good green histogram candles generated in last 2 days. Let's see what happens and I believe Hive will be trading on $2 price point by the end of next month (Dec, 2021). Thanks!
Legal Disclaimer: I am not a financial advisor and never give advise to take any trade. The purpose of the analysis is for information only and you have to do your own working before taking any trade. I will not be responsible under any circumstances for any kind of loss.
Best of luck!
