It's clear Hive hasn't exactly performed well recently (or overall actually), but we are in for a small breakout to at least 23-24 cents in the coming weeks. That doesn't sound too exciting and it isn't. But I have learned to be conservative in terms of what to expect from the market. DOn't get me wrong, a bigger move is around the corner, but for now it seems that price isn't going to go parabolic just yet. Instead, price has followed a fractal pattern almost to the letter which I have shown in this chart:
Wave "D" has now been completed and it looks like we are heading into "E". Notice how the downward trend from "D" to "E" has been completed.
So far so good, at least of seeing the pattern getting confirmed. In the bigger fractal we see "E" as two peaks with the second one being higher than the first. This pattern is therefore in reverse compared to "B-D". This shift should mark a mode change for the fractal overall: I am expecting yet again a smaller peak and a much bigger one which should give rise to the parabolic peak at the end of this year. As pointed out earlier this should be at around $1.
We can see what is about to happen when we zoom in: price is about to break the 9 month resistance.
It's somewhat of a boring price development atm. It certainly seems like Hive is following in the footsteps of the larger fractal. The big chance and hope is for a parabolic move starting at around November (like always). The movement will probably last 1-3 months and everybody should probably sell at least a portion of their Hive here. In the worst case it's 3-4 years of bear market after that. But I am hoping for a second peak in 2026. We will see soon enough!
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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