It's quite interesting to see someone who understands how to read the patterns. Unfortunately, I'm not much of a chart person, so pardon some of my terms if they don't fit.
On the daily time frame
it's quite a tricky one because when watching for both levels ($0.0473 and $0.0413), it's also important to watch out for how price reacts to the bearish and bullish gaps.
if price goes on to take $0.0413, which is at the midpoint of the bullish gap, and fails to close below it, there is a chance of it making a reversal to sweep the upside. And the reverse can also be the case if it decides to start with the upside, i.e take out $0.0473, close below the bearish gap, and form a reversal for the downside.
I won't rule out the possibility of it going after $0.0373, especially if we fail to close below both bullish gaps. But my question is... what are the chances of price reaching both bullish gaps and forming a reversal at the second gap without sweeping $0.0373?, i.e, can the second bullish gap provide enough support for a reversal without price sweeping the $0.0373?.
RE: $HIVE, $BTC & ETH/BTC Technical Analysis - 30.08.2026