Hello friends of hive, I have been wanting to share one of these ideas
for a long time, it is the first time I share something here in
leofinance apart from being my first shared investment idea, I do not
want to continue without repeating the same thing that all traders
continually say "do not invest what you are not willing to lose ...
"and this, I repeat is only an investment idea, what you do with your
money is purely the responsibility of the reader.
LET'S GET STARTED!
I had been out of hive for some time since many big investors withdrew their funds for different reasons. A few days ago a good friend told me that hive currency had had a very good rebound so I decided to see how that chart was doing and this was my big surprise....
Bullish trend in all the most used time frames to analyze!
daily price chart, source: tradingview
My conclusion was that hive will have a great long term value hovering around the 0.7 zone, what gives me great confidence is that in every upward impulse it has had it has been followed by very organic pullbacks followed by very clear accumulation zone.
daily price chart, source: tradingview
This theory is based on the great pullback until February 23 where it took a great momentum until February 27 reaching a price of 0.448$ and marking again a range or accumulation zone with higher and higher lows until today, being the accumulation zone between prices 0.28 the lowest and 0.30 the highest to then continue pushing the price up ...
hourly price chart, source: tradingview
4 hour price chart, source: tradingview
in the four hours chart you can see all the corrections, personally I consider that hive has a very good price to invest in the long term even without consolidating the 0.5$ I consider that it is a propitious moment to invest regardless of the corrections, since the strong entry price was in the zone of 78% of the fibonacci that coincidentally broke once and then respected the 200 period moving average marking a sustainable support.
without further ado I want to remind you that I am an unprofessional
trader, leave me in the comments box your ideas and tips!
cover image
jcomp - www.freepik.es
price quotation chart
Replies (3)
Good We are need some stability above 0.4 before we can go to 0.5$
Posted Using LeoFinance Beta
yes, that's right, first we have to break that resistance and then consolidate the 0.4$, that's the short term goal...
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