Crypto Analysis | Hive On track to 3$

avatar

Good day Hiveians!

Join me in analyzing the crypto markets!

 

Hive is climbing the ladder and is now at 1.4$

Last week we had a closer look at Hive's fractal and how it relates to it's market movements. We identified the fractal from March-April (marked in the white oval) and how this could be the blueprint for the current movement. If so, we argued that we should get a pattern similar to this:

grafik.png

Since then Hive has continued its volatile movement upwards and is right on track to the target of about 2.4-3.5$ In fact, the movement has been even steeper than anticipated. However, I think there will continue to be strong corrections of about 10-15% as we climb this ladder.

hhhhed.jpg

As you can see from the chart I am expecting at least two things:

  • An end of this impulse wave and a beginning of a correction wave (green and red areas)
  • A peak between 2.4 and 3.5$

The first point is clear: gains are always followed by losses (and vice versa). Their length is unclear and depends on the bigger macro movement. I think the corrective phase could be shorter than shown in this chart. Secondly, the mentioned peak is relatively clear since it coincides to the top trend lines as well as a fib retracement coming from the last subwave.

A larger picture leeaves us with this:

grafik.png

Hive is currently trading in an upward channel which should accumulate in the previous mentioned range. I would then expect a larger correction of about 40-60% bringing the price down to about 1.6$ - 1.3$. Predicting price beyond this gets difficult: it could be a sideways movement or a further correction to 1$. Since the crypto market should peak at around the middle of the year 2022, Hive could go up to the main resistance which should be at around 6-10$.

Hive is getting a lot of attention recently with all of the developments taking place; now is a great time to accumulate! :)

 


As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

Bottom.jpg

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

lovetheclouds_community_banner.jpg

Check out the Love The Clouds Community if you share the love for clouds!

⛅🌦🌧🌦🌧🌨☁🌩🌦⛅🌧☁🌤🌥🌪🌧🌨🌩⛅🌦☁🌤🌥🌤⛅🌤⛅🌦⛅

Bottom.jpg



0
0
0.000
12 comments
avatar

This is a good Analysis.

Since the crypto market should peak at around the middle of the year 2022

I hear often that the market might crash again soon(like the covid era). If that happens,Hive would be affected but the bounce back might be stronger! Hive has great prospects , Just like when Shib was rising against btc fall,people got interested. that is the same way hive is getting lot of attention these days during it's pump.

Hive could go up to the main resistance which should be at around 6-10$.

This is really huge price prediction but it's not impossible anyway. But I think a 3-5$ is more probable throughout the year.

Great Analysis

Please keep in mind that none of this is official investment advice! Crypto

Yes oh! Same here lol

0
0
0.000
avatar

thanks for your input :) seems like you expect similar scenario

0
0
0.000
avatar

When do you think it would touch 3$??

0
0
0.000
avatar

could be in the next days or weeks, hard to say

0
0
0.000
avatar

You are on spot! 👍

0
0
0.000
avatar

:D

yep, crazy that it's working exactly as outlined... Now we are going into sell territory

0
0
0.000
avatar

Oh damn, really precise prediction, man! I'm just reading this today and seeing how a lot of it has already played out, damn. You should be in a hall of fame or something @tobetada, great job, you've done this time and again in the past.

0
0
0.000
avatar

Good analysis and statistics! This is also great news regarding the value of Hive. I'm relatively new to this cryptocurrency thing and I've realized that it really is all very uncertain heh, heh. Hopefully we will be lucky and the Hive will be positioned in the best way, because I remember that in the beginning of the pandemic the Hive was at 0.20$.

0
0
0.000
avatar

if you want to learn more perhaps start with researching the bull and bear markets

0
0
0.000
avatar

Higher highs, and higher lows!
A pullback to $2 or $1.5 would be healthy I think :)
Thank you for the analysis!

0
0
0.000