Special thanks to Canva for the free cute logos for this blog.
Disclaimer
Did someone get stung?
Yep, those bears got stung with that lovely candle. Breaking 2 important key levels in our analysis - in which my sell orders were filled immediately. I was expecting for HIVE to trade sideways for a a few days or so, and this pump means alot. I will be anticipating a RISING WEDGE Pattern or an ASCENDING PATTERN, the rising wedge pattern is where buyers are aggressively buying HIVE (in small amounts - slowly and steady), for the ascending pattern we will be seeing aggressive selling and buyers waiting for their own bull trend to buy back and sell from its resistance.
(Please do take note that this is my own analysis, if there are some who had different key levels than mine, then we have a different view of hive and where this currency will take)
This bullish trend with almost exactly 100% from its 450 satoshi support level in a span of 12hours is amazing, with a psychological resistance of 900 satoshis, I mean who does 900 satoshis? Not even 901/905?
Is it the time to buy HIVE, personally - Id buy hive from 550-600 satoshis.
We should be expecting another days of trading sideways first to maintain a stable price in the future, and thats always I should tell everyone so HIVE wouldnt be dumped in the future AGAIN. Hive was supposed to be or should I say should be priced at atleast 0.75 cents at its lowest price, around 0.75 to 1.5 is pretty reasonable price for an active community.
Another PUMP should occur but it takes time, the euphoria from the HIVE pump in just 12 hours should payoff with a healthy retracement. To think BUYERS are laying off buying, and trying to test the support levels if there are still sellers willingly sell at below 600.
Emotions also were traded in the recent pump since it did not even break the 900 satoshis. But atleast we have another price level to discover in the next rally.
Index Blog
Starting a Small group to help beginners in Trading
1.x.x - Introduction x Start Trading w/ Binance preferably
1.x.x - Rules of Trading
1.x.x - Calculating and Managing your TradesHIVE-2021-Q1
2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDT
2.2.17 - HIVE/BTC/USDT - A Lovely Pump and a Beautiful RetracementBTC-2021-Q1
3.x.x - Elon Did not Pump BTC in one Day
Sources/Links/References
Trading View - Live Trading Charts
Canva - Free Online Photo Design Editor
Discord Group - Generating
Binance Exchange - Refferal
Trading Indicator 1 - To be Shared
Trading Indicator 2 - To be Shared
Trading Indicator 3 - To be Shared