HIVEUSDT trade ideas
Maybe the trend is endingmaybe downtrend is ending. I have my ideas about it:
1. The price went up from yellow rectangle several times. It means that there is a high probability that we have trend reversal and we might get uptrend.
2. lets say price goes up to pink triangle and hold for a long time . Trend reversal probability will be even higher And we might get uptrend.
3. If the price goes down from yellow rectangle then the trend probably will continue.
HIVE COIN,are you TRADING it?FA:
It is a mining firm, therefore, coin price correlates with the miner's revenue.
If miner's revenue rises again we can expect hive to rally as well.
TA:
Seems to have found its support at the current level since the March BTC dump and the halving; will be a good one to watch as the mining industry develops to lower rewards.
Enjoy charting for you all, please Share/Like/Comment and tell me your ideas as well.
-Megalodon Whales
BINANCE:HIVEBTC BINANCE:HIVEUSDT HUOBI:HIVEBTC
HIVEUSDT - THE MOON JOURNEY IS HERE; 47.81% PUMP.
Hive is looking promising for the upcoming breakout after mAintaining its support line since June. It has some big events coming up with a Listing by Indonesian giant exchange Indodax well underway this week.
The 4H chart is bullish and it will breakout by Late June.
ENTRY ZONE:- 0.2453 - 0.2523
Three targets well in place including a short term target.
Short Term Target:- 0.2900
Target 1:- 0.3050
Target 2:- 0.3398
Target 3:- 0.3944
Stop Loss:- 8% below LL Entry zone
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