**Potential Breakout Alert: Hive/USDT! 🚀 **Potential Breakout Alert: Hive/USDT! 📈🐝**
Hey Traders! 👋
Exciting times ahead! Hive/USDT has been in a prolonged accumulation phase since November 7, 2022. Despite the recent market bull run, it's holding its ground within the green rectangle of accumulation.
I'm sensing a breakout on the horizon, and this could mean some substantial profits coming our way in the impending rally.
🎯 **Targets and Beyond:**
Check out the chart for marked targets with red lines. If we see Hive cross $1.25, the sky's the limit – there might be a clear path towards the ATH of $3.41. Additionally, consider those green trend lines as potential targets too!
**Strategy:**
- I'm buying in at these levels and keeping some powder dry in case of a dip.
- Remember the golden rule: (DCA) is your friend. Never go all in – it's a risky game.
🚨 **Disclaimer:**
This isn't financial advice. (DYOR) and trade responsibly.
May the crypto winds be ever in your favor! 🌟💰
Hivedollar
Hive coin completed setup for the next pumpHi dear friends, hope you are well, and welcome to the new update on Hive coin with BTC pair.
Previously we caught almost 13% pump of HIVE as below:
Now on a daily time frame, HIVE has formed bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Hive coin formed bullish Cypher for upto 19% moveHi dear friends , hope you are well and welcome to the new trade setup of Hive coin with US Dollar pair.
Previously we caught a nice pump of HIVE:
Now on hourly time frame, HIVE has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
HIVE has formed a big bullish BAT for upto 70% pumpHi dear friends, hope you are well, and welcome to the new update on Hive coin.
Previously we had a nice harmonic trade of HIVE:
Now On a 4-hr time frame chart, HIVE has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
HIVE - Good Opportunity For Long
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HIVEUSDT - Daily
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The price has broken a very good trend.
It can be the best entry point in the pullback.
In terms of wave count, we are in wave 3.
If the price accelerates, the second target is available.
Everything will depend on the market situation
But I think we will see the second target.
Maybe after hitting the first target, the price will move in an increasing triangle.
And after passing the first target, the price will reach the second target.
But this can only be an idea.
But now, The data of the first target is stronger than the second target.
And it is more likely to happen.
And the price forecast may not be very interesting.
And it is better to consider the first target based on the current data.
After the price reaches the first target (of course, if the analysis is correct and the pullback is done well), we will review the chart again.
The last point is that:
If we do not have a heavy crush on bitcoin
We will have very good growth in the chart.
and for this reason. Altcoin trading may be a bit risky.
So to enter this trade, please also consider the bitcoin movement.
HIVEUSDT: Bear and Bull View (07.05.2020)Bear and Bull view using 60M timeframe.
1. Bear View:
Hive is in currently following a downtrend pattern with LLs and LHs.
A fib retracement has indicated that a new low is made at 161.8%. The new low has been respecting its trend line (in blue) till now. With a recent pull back, another lower low is expected to retrace at 161.8% level again which same mean the price level of 0.21 and the same shall again respect the trend line. Moreover, the volume looks weak at this point for the bulls to enter anytime soon.
2. Bull View:
With the recent listing at Binance, the price surged upto 0.92 levels and corrected back till 0.3 levels. The price currently seems to build its support at 0.35 levels. A Fib extension suggests another surge in price to 61.8% which would give us the first target at 0.6. A further extension to 100% shall give us the Target 2 at 0.8.
To summarize:
Next Lower low: 0.21
Target 1: 0.60
Target 2: 0.80
Stay careful with this trade and don't put all eggs in one basket !
HIVEUSDT: Day trade Using 15M time frame.
1. Channelled Pattern
2. Buy at the support of 39.5 range
3. Have a stop loss at 39.05 using Fib retracement at (0.88)
4. Fib Extension suggests a sell target 1 at around 42.1 and sell target 2 at around 44.1 levels
5. Profit expected: 7-12%
6. Stop loss at: 1.5%
Happy trading
Hive-Backed | Hive Dollar OverviewAbout Hive Dollar
Hive is a Graphene-based social blockchain launched on 03/20/2020 with the core idea of decentralization. Hive's prime selling points are its true decentralization, speed and scalability. Other notable features include it having the lowest entry-barrier for user adoption in the market, time delay security, integrated token allocation, and the upcoming Smart Media Token integration. It is an ideal building location for a variety of innovative projects focused on a broad range of fields, from open source development to social games. Hive aims to be the preferred blockchain for dApp development.
Source: Coinmarketcap.com
Website: hive.io/
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If HBDBTC closes above the black dashed line, it can easily continue higher.
The long-wick is a bullish signal.
This is only confirmed when the 4H candle closes.
This is not financial advice.
Namaste.