RE: Why is Hive crypto going up?
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I agree with checking the actual closing prices but the chart is definitely looking nice with all the higher lows. At least from the way I see it, the triangle is way more likely to break out to the upside.
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And due to the supply/demand dynamics that I spoke about in the blog, if price does break out to the upside, it's much more significant than a downside break.
The ascending triangle printing higher lows with each push down is showing supply getting soaked up.
If this trend continues, then all that will be left is demand with no supply.
When that happens, it's moonshot breakout time!
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