HIVE seems to form 3 corrective waves ABC.
Size of Wave C can be the same as wave A. This suggest the buy levels to be around 2550-2650 points
The target can be 100% profit i.e., around 5050 - 5300 levels
Alternatively, it could be a 5 waves pattern with Wave 3 forming at 650 levels. So when buying at 2550 levels, keep a stop loss at 2350
Size of Wave C can be the same as wave A. This suggest the buy levels to be around 2550-2650 points
The target can be 100% profit i.e., around 5050 - 5300 levels
Alternatively, it could be a 5 waves pattern with Wave 3 forming at 650 levels. So when buying at 2550 levels, keep a stop loss at 2350
Note
Get Ready, the bulls shall enter soon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.