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HIVE DIGITAL TECHNOLOGIES LTDHIVE DIGITAL TECHNOLOGIES LTDHIVE DIGITAL TECHNOLOGIES LTD

HIVE DIGITAL TECHNOLOGIES LTD

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HIVE trade ideas

Bear is in full forceAs ETH takes full control of $3500, ETC is on a crazy run and it is very profitable to mine BTC at $40,000, I would like to present you Hive that is clearly in a downward channel. Hive needs to hold the 200 EMA and if it does not the probability of the 365 EMA increases. It makes sense, it will inflict the most pain on the retail investor, even those that bought at $4.75. Nothing is impossible in the markets especially in the TSXV, which is ran by funds and banks.
TSXV:HIVELong
by picea13
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern. The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off. I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then.. Bullish cross on the KST where I have placed the downward pointing finger. The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger. $8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
TSXV:HIVELong
by ScotianBot
Long term outlookProviding a quick update looking at the 6 day time frame. First, it is really important to eliminate the noise that exist with everything associated with hive or you will be frustrated, especially if you have a short term hodl window. That is why I present the 6 day time frame , which is showing the bullish trend is still intact. I have highlighted some key facts that currently support this view. Obviously things can change and I will update later this week.
TSXV:HIVELong
by picea13
Potential BreakoutThat was a nice pop and it does look like it could carry through and be the breakout. Everything is on the chart and I most likely made an error with my Elliot wave. Final Note, I do not short Hive and only do long swing trades, just easier and safer with hive. Plus I have a decent size position so I rather it go up then down and today was good. The indicator on the bottom is the Paraeye by kingstevieb and it is good for confirming breakouts, tops and bottoms.
TSXV:HIVELong
by picea13
5
Heading Towards Capitulation?I used capitulation in the title because it does appear that will be the objective of this correction. Big brother seems to be content on bring the most pain to the retail investor that bought at $2 or higher. In addition, they know that everyone is buying the dips and averaging down and will try to squeeze every penny from you. Everything is indicating that there is still at least one more major drop and there could be more based on historical price action. Summer is just about here and BTC is always bearish during the summer , until beginning of August. I will post when i see a bottom. Keep thing is perspective and tamper your expectations.
TSXV:HIVE
by picea13
9
Downward channel in a bull marketI expect a pop tomorrow and at least a move to the trend line. As some are aware, Hive follows BTC, which I assume is easier for Big Brother and their desires. Funny how Law makers are quick to identify the need for regulation and how it protects the investor from Bitcoin and the crypto market; however, you have crypto stock on an a half-ass regulated exchange, which has price action that does not reflect the companies actual mining allocation. It's like pricing a gold miner based solely on copper prices. As long as someone is getting rich all is good I guess.
TSXV:HIVELong
by picea13
Trend Reversal?I have identified a few options that could playout for hive. It appears hive is in a falling wedge , which appears more bullish then bear. Notice that 3.20 has not been violated, not even touched during the three dumps, could be bullish or big brother playing games but still at this time fame it is important information to build the bullish trend reversal. The only note is that all miners seem to be following the same price action, it will be interesting to see if there is a decoupling of any one miner to lead the pack. 3 hour time frame
TSXV:HIVELong
by picea13
2
Is the Hive still buzzing?3 day Time Frame (TF) shows that we have completed the A and B and are in the process of laying out C leg. The Phoenix Indicator is showing similar pattern compared to 2018. The Phoenix is great for trend change, managing the trade and also following Elliot wave so when I say similar pattern this is the pattern for most ABC corrections. I have identified what I believe are key support zones and some will be test during this correction. I feel 3.80 for me would indicate very bullish if held but 3.30 is important since it demonstrated strong location of buyers. This is the difference in price action that was not present in 2018, people willing to by the dips and I do not see that stopping unless something unfortunate happens. Will have a better idea once the C leg nears completion if bearish trend will continue. Weekly TF - Probably know by the end of this week if the trend is going to reverse or is downward pressure going to continue. Weekly TF - Once the Green line crosses the red line that is heading down indicates increased bearish pressure.
TSXV:HIVE
by picea13
Simple swing trade strategyThis is based on the 45 minutes, which provides reliable trigger for trades, with the use of a stop loss. This Swing trade usually runs for about 1-2 days but of course that varies. Identify targets based on support and resistance as I have done in my previous posts. All elements identified on the chart must be confluent: the MACD and histogram (I prefer it as columns in tradingview) indicate possible trend reversal – this example it is bullish breakout. The heikin Ashi candle sequence indicates possible trend reversal. The 17 EMA dots are tightening (when zoomed out) and the 2-6 EMA have crossed and had a successful test with a green candle. The cross alone is not sufficient to take the trade, there needs to be a positive test of the EMA. I believe there are five elements that are confluent so that is enough to take the trade, with a stop loss: 1. Candle formation 2. EMA cross and test 3. 17 EMA tightening 4. Cross of Signal and MACD 5. Histogram cross of 0 line on MACD 6. Always confirm support and resistance-don't short support and long resistance. Zoom out to see the 17 EMA Tighten, indicating something is up
TSXV:HIVEEducation
by picea13
ABC Correction ?I apologize for last few charts, titles can be misleading and my objective is to provide insight to what I see and hopefully help folks out and the head and shoulders thing was just me looking at charts and if it did playout it would result in about the similar results what I have identified on the chart. In no way is this advice just me working on my analysis and sharing my map of HIVE price action and what might happen. So, yes, immediate term HIVE is Bearish (4 day time frame and lower, but weekly is bullish and will show later) and I believe HIVE is going through a ABC correction for wave four. and HIVE is in the process of completing the final c leg before the start of a new wave A. Note that I apply the Harmonic Elliot wave theory, just makes mapping wave 3 easier (for more insight this fellow does an excellent job explaining the theory. medium.com This correction is occurring for all miners and is not related to the company, which has excellent fundamentals. This is not the beginning of the bear market, and I believe Hive has a least one more leg-up and is bullish long term. I will provide more charts today.
TSXV:HIVELong
by picea13
STILL BULLISHI did notice that there is a head and shoulders pattern that is forming and there was a similar pattern that formed during the same time back in 2019. However; there several differences when compared to current set-up. First the price action is above the 100 EMA and more important above the 365 EMA, which is bullish compared to the set-up of 2019. The Phoenix indictor does have similar pattern formation and cannot make any prediction but I'm looking for the Red line to bounce in the area of the pink line indicating potential breakout.
TSXV:HIVELong
by picea13
1
HIVE BREAKOUT DAILY TIME FAME?STRAIGHT FORAWRD BREAK OF THE 17 (YELLOW DOTS) EMA AND TEST, WHICH IS CONFIRMED BY THE 2 (TEAL LINE)-6 (PINK LINE) EMA BUMP AND RUN AND THE HEIKIN ASHI PRICE ACTION IS BULLISH. IN ADDITION, THE PHOENIX INDICATOR BY DAVID WARD (TRADINGVIEW HANDLE IS WYCKOFFMODE) IS ALSO INDICATING BULLISH PRESSURE. MY TARGET FOR THIS SWING TRADE IS $8.03ISH, WHICH IS BASED ON ELLIOT WAVE AND FIN RETRACEMENT ANALYSIS. ALSO THE CORRECTION FORMED A FALLING WEDGE (abcde) NOT SHOWN AND THE MEASURED MOVE WAS ROUGHLY THE SAME AS MY TARGET.
TSXV:HIVELong
by picea13