Falling Wedge for Hive?Wedge patterns have a tendency to break in the opposite direction from the trend lines, meaning, a rising wedge is more likely to break to the downside, and vice versa.
HIVE trade ideas
Bullish flag or Descending Triangle / Double Top?Hive appears to be trading in a Bullish Flag, or possibly a Descending Triangle with a Double Top to compliment the bearish narrative.
HIVE Blockchain: successful breakout and getting ready to move uIf a cryptocurrency bull market plays out like I think it will, stocks related to cryptos will benefit. This is a good one to keep an eye out on. It has broken out of its bearish wedge and appears readying a move higher.
Ascending Triangle breakout for Hive, new ATH's on the way?Hive appears to be breaking out from a Ascending Triangle.
With the Halving approaching in less than a month & China officially launching their own Digital Currency recently, there's Macro bullish sentiment that surpasses the positive crypto environment that resulted in Hive going parabolic along with Bitcoin & Ethereum.
McDonald’s and Starbucks are reportedly part of China’s digital currency trial.
China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports.
McDonald’s, Starbucks , and Subway are the only three American firms among 19 companies participating in the trial.
The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched.
McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency.
This is the main reason why China propaganda has become dangerously provocative in America.
China is rolling out a cryptocurrency, a lot of the details have not been divulged.
I can tell you the cryptocurrency China’s rolling out will likely be backed by gold . China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
HIVE and the Gann Square of ninePlaying with the Gann sq of 9 and looking for relationships to predict support and resistance based solely on Gann's sacred maths...
Is Hive trading in a Bull Flag?Possibly a descending triangle as well, but the RSI is fairly low on a 1 Month chart which indicates there's room for appreciation before becoming overbought.
One thing I find very interesting is the fact that Hive has traded 321,456,046 shares in the past month, keep in mind Hive only has roughly 327M shares outstanding, huge volume surpassing the 2017 parabolic rise but the share price didn't increase 1/5 as the previous Bull Run.
On a positive note Hive is gaining back its correlation to Ethereum, technically during the past month Hive has outperformed ETH which is interesting. ETH is the Grey line & Bitcoin is the yellow.
Another updateBTC and ETH both are testing resistance areas and hive is reporting lower energy costs and 20 percent ETH mining. Setting up earnings to beat expectations. I updated my chart to see how how hive will run. Hive is so bullish it broke through the weekly bollinger band and pierced the weekly 50 sma. I see a take profit at .50 but expect volatility going into tomorrow and the rest of this week. 1.00 is possible at this rate. Cheers and enjoy the profits.
Is Hive trading in a Bull Flag?Or maybe a descending triangle, only time will tell.
There's merit for a Inverse Head & Shoulders pattern as well.
Hive.V Hive could easily double in under 3mHIVE.V Hive Blockchain technologies.
A year ago Sept-Nov 2018 this stock was trading around 60cents when Eth was trading around 220-240, My idea is: if Etheruem slowly gets back up to trading around 220-240, HIVE will move back up to .40 in 2 weeks time off of a double bottom on the daily chart, from there as long as the earnings report due next week isn’t absolute dog #$%$ this stock will be trading back up at .60 late Sept to November. If the earnings report is miraculously good, then it could get to .75
HIVE HIVE BLOCKCHAIN IS GOING TO MAKE A BREAKOUT TO THE UPSIDE SOON RATHER THAN LATER. ISSUES WITH GENESIS RESOLVED THATS WHAT WAS NEEDED. ONE OF THE BIGGEST ETH MINING FACILITIES WITH UP TO 20MW GREEN CHEAP POWER. LOOKING FOR 10X. GOOD LUCK
Ascending Triangle or Descending Triangle.It's more than likely the descending triangle plays out with Hive, unless clarity on the situation with Genesis happens sooner rather than later.
Even if Bitcoin & Ethereum continue the upward parabolic trend, Hive has lost some or basically most of it's correlation to the two assets, which at one time was "roughly" 94%.
Time will tell per usual.
Is Hive going to break resistance & test 80c?Hive is trading over 4M shares on all exchanges, we may see a gap here shortly.
Hive was trading roughly 94% in correlation to Bitcoin & Ethereum before the attempted takeover by Genesis Mining.
Time will tell per usual.
Ascending Triangle breakout?It appears as though Hive may breakout of this ascending triangle & test resistance at 62c.
Time will tell per usual.
