HIVEBTC trade ideas
HIVE/BTC 8H (Binance) Descending channel about to break mid-lineFA: Hive is an hard-fork of Steem that occurred few months ago, it's a DeFi powering DApp ecosystem and also a Staking coin.
TA: 20EMA is holding price, I'm expecting mid-line channel to break-out and go for the upper-line, or maybe even break it too.
Current Price= 0.00002675
Buy Entry= 0.00002675 - 0.00002525
Take Profit= 0.00003080 |0.00003444 | 0.00004062
Stop Loss= 0.00002120
Risk/Reward= 1:1 | 1:1.76 | 1:3.05
Expected Profit= 18.46% | 32.46% | 56.23%
Possible Loss= -18.46%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 360h
HIVE/BTC Ready For 50% so I am buying here ( Fresh Setup)#HIVE/BTC Bullish Update:-
#HIVE Looks Very Strong at this Point.
And Chart looks Very Promising.
I am buying here at Current Market Price.
Entry:- CMP ( Current Market Price )
Target 1:- 3177 Satoshi
Target 2:- 3439 Satoshi
Target 3:- 3685 Satoshi
Stop Loss:- 2511 Satoshi
Why i am Buying..?
👉 According To Technical Analysis Chart Looks Very Strong ( Bullish ).
👉 Fundamental also Very Strong.
👉 50EMA Working As a support.
Fundamental..?
#HIVE Team Recently Announce #HIVE Hardfork so this is also Big News.
So I am buying and I can expect Minimum 30% to 60% Profit
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HIVE-BTC can gives us at least 25%!>>> Daily candle closed above 21 MA.
>>> Double bottom at 2400.
>>> Testing the horizontal resistance at 2750-2800 for the 4th time in 2 weeks. Likely to break this time.
On successful break of resistance, wait for a retest to buy.
Stop Loss below 2400.
Resistance: 3462-3536 (25%)
Since its a newly listed coin, other resistance area cant be known atm.
HIVEBTC: Swing Trade 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