Ascending Channel for Hive?If Hive breakouts of the channel to the upside it would indicate that the price will rally further, and on the contrary, if it breaks below it could indicate further downside price movement.
On the RSI there has been a series of higher lows since late January this year, and the higher lows started occurring coinciding with the price bouncing off the bottom of the channel, potentially forming an Ascending Triangle pattern on the RSI.
On the DMI there have been two bullish crosses where I've placed the green finger icons.
HIVE trade ideas
For those looking to capitalize on BTC / ETH, I present HIVEAnother Canadian-specific play, via TSXV (venture index)
Felt stupid for buying at 2.81, after a couple of days, break-higher out of the bull-flag formation has confirmed. Considering adding more to this on a correction, which might be starting. Have a very small position and would like to have a better dollar-cost average in case this becomes a long term hold much like QBTC. Hive is a mining company that mines cryptocurrency. The issue is that they mine ETH...which is headed for proof of stake. Hoping they mine a ton and just stake it as a strategy. Only the future will tell, and keeping it small just in case.
HIVE blockchains Squeeze - Most shorted stockJim Cramer :
'When i had an hedge fund and i wanted to short a stock, i would use 10 to 15 millions to push down sentiment. Sentiment is all we have today.
When i would see a buyer coming i would sell big against him quickly to kill the sentiment.'
Hello everyone!!
This stock is set to become the biggest public blockchains crypto mining company surpassing RIOT and others concurrents.
This stock will get squeeze to at least 20$ . That company actual earnings are far from representing the future earnings of the company.
This is a company of tomorrow and right know all i see is the same setup i saw so many times before a big move up.
We wont sell the shares at those price, -50% or +50% is nothing for us at that price. We will buy more and you will get squeeze.
Have fun my little deplorable!
HIVE Blockchain Bullish $4 CAD Short Term Price TargetAssuming BTC keeps its momentum going into tomorrow morning, HIVE.VN is set to have a very big day and week next week. Sitting dead nuts on top of this trendline poised for a massive breakout to the upside. HIVE remains the most profitable miner in the space, with far less market cap than some of its competitors. This is an easy long here.
Bull Flag breakout for HIVE!!Hive has consolidated into a bullish flag over the past several weeks and is currently breaking the downward sloping resistance of the pattern to the upside.
On the KST there's a noticeable bullish cross.
On the RSI we're seeing higher highs and higher lows forming an Ascending Triangle.
There's merit for an Inverted H&S as well, see the chart below attached.
Looking at HIVE on the TSX-VSpending some time in the world of financialisation of blockchain and cryptocurrencies. HIVE looks like an interesting player that has recently garnered some attention. Vancouver based and they specialize in ETH mining which will prove interesting because ETH is scheduled to be proof of stake...not so sure, have a bid in for a small amount of shares as I have limited capital at the moment.
Putting in a small order near 2.32 with an assignment to do some more study of this company. Not in a hurry to buy as I am not fully convinced that with Proof-of-Stake, their venture will find profit in the long term.
HIVE Dec 27 2020as always, i try to keep my thoughts simple and clear.
these are my thoughts going into this week, I am watching for an opportunity to make a swing play, but if the price pulls back far enough, there could be an excellent opportunity to buy in for a long hold in my opinion.
please do not invest based on my opinions and do your own DD.
HIVE Blockchain remains heavily bullishHeavily oversold just to get us back to our trend line which it bounced off nicely. Great buying opportunity at these levels. The only profitable miner in the space with less market cap than RIOT and MARA which are both heavily unprofitable at -0.55eps and -0.44eps respectively vs HIVE +0.045eps. You do the math...
Large cup and handle break out Here we go. Hive is off to the races in a long term uptrend next 50-100 week price target of 2.55. Fib channel will Show you the way. Does does this mean for crypto’s? Ethereum and xrp are the future of currency imho. Which means hive will be making bank. Happy trading.
Possible 2300%+ Return PlayShout out to Elliott with the wave.
We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
Micro Bullish Flag or H&S? It appears as though a bullish flag is forming for Hive.
KST is about to cross bearishly indicating there is potential for further downside action.
I have placed three blue finger icons that represent previous examples of micro head and shoulder patterns, the dark blue human icon is the head of potentially a Macro H&S and the two fingers would be the shoulders.
In dark green there's merit for a Macro Ascending Triangle, price target of approximately 1 dollar CAD if the pattern plays out bullishly.
5th wave complete, correction comingTSXV:HIVE showing a symmetrical triangle with a long term price target of $0.81. All elliot waves confirm to the rules and the 5th wave target has been reach ($0.58 - $0.59); I will be selling my position in the morning. Price correction is coming and after it will push to complete the target of the symmetrical triangle.
I used MACD Trend Strategy to confirm my entry, I am using elliot waves to take profits at $0.59 - $0.58.