From time to time I like to make medium/long-term projections of market potential using the classic Elliot Wave relationships.
In the case of BITCOIN, the projections have already been discussed at length and even I myself have my bet on it, I still think that $ 100,000 is the ceiling of the present Bull Run, however, I have not said where I see HIVE in the near future.
Hive's performance today is excellent, despite the ups and downs of the market, I see it quite established at $0.75 and, in my opinion, it has outlined a nice triangle in which I hope it is a wave 4 that break up to form a fifth wave.
If we look at the daily Chart, we can identify a first wave ("I" in black Romans), which reached $1 at the end of March 2021, collapsing, or correcting, below $0.17 in mid-June ("II "in Black Romans).
That last date was our last chance to buy HIVE at a discount, from then on, HIVE has been rising consistently.
As you can see in the chart, we are then in the formation of wave "III" in black Romans, and within this wave, inside the sub-wave 4 (in green)... with which, we are missing a fifth green to finish forming the "III" in Black Romans.
Based on the "Classical Relations between Waves", wave "III" in black Romans should have a relationship to wave "I" of at least 1,618 FIBO in length. Which leads us to finalize the "III" towards $1.7, at least ...
(Source)
If, as the historical data of the relationship between waves say, the second FIBO (2.168) is reached, the price of HIVE would be $2.67.
The best of all is that our projection will not remain there, we have wave "IV" in corrective black Romans, and a wave "V" to end the upward cycle.
Being conservative, a value of HIVE between $1.7 and $2.67 seems quite achievable and realistic for a third Wave, however an extensive "V" could drive the price much higher... We have to be ready for this too.
@toofasteddie*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.