The question of course is, if it will just be another pump&dump scheme that we have seen at least 14 times in the past before
We are already down to 92 88cents again and this pump has all the same characteristics than the last ones. Let's have a look at them here.
These are the 3 latest pumps & dumps: They are marked by an extreme upward movement in price in a very short time span, and followed by a longer (but also relatively short) downward phase that brings price back down almost to the price range where it started. The emphasis here is almost, meaning that there is a gradual upward movement in price.
They are often marked by this S shape; in fact, these pumps are always preceded by these small increments in green candles leading to a crescendo.
The fractal of Hive has this shape: if you are familiar with it, you can spot it at all the scales of the price chart.
At a larger picture, we can divide green and red phases in which price moves up and down on a larger scale lasting several months. I believe that we are still in the green phase which could last for 1-2 more months. Notice that price has stabilized above the weekly support trend line at around 70 cents. This is the reason why we are seeing further upward price pushes.
An outlook could perhaps be as follows: a gradual but noticeable increase in price, just like we saw in March of this year (white oval). In my previous posts I talked about why the 2-3$ range is probably the range where price could reach before "crashing" down again - I don't think it will be sustainable for the mid term.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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