The price of $HIVE has been dumping unending. This is, however, a good thing for people that want to invest.
I have been an ardent user of Fibonnaci retracement and I know it works.
However, this is based on some of principles, one of which is buying an asset at the 0.618 or 0.786 Fib numbers.
I watched as $HIVE bounce on the touch of the 0.786 Fib number, this is commendable.
https://www.tradingview.com/x/D2s7viOk/
What I am watching is that $HIVE needs to come back to retest the 0.786, without breaking that low. A lower retest and a bounce will show that $HIVE is forming a bottom at that level, and that there are whales ready to defend the price at that level.
Therefore, I will be wacthing it closely as usual and will be putting my bid at comfortable price range.
Note: Pls dont chase pump, you might walk into a trap.
Have great week friends.
