Hive (HIVE / USDT) Bang !!!! HIVE repeating pattern. I told you 3 weeks ago. If you are an investor in Hive you should see this analysis.

Today we will see how the price of Hive could follow in the coming weeks. I will analyze what happened with the price and at what moment we are.

We will see

Three weeks ago I did an analysis of the price of Hive, and how it was repeating a bullish pattern of 4 moments

At that moment it is 47 cents and analyze that at a moment 3 the price forms an ascending channel until it reaches the maximum candle of the previous moment 1.

Logarithmic graphic from 3 weeks ago

The four moments are:

• 1 - The price generates a candle with a wick that breaks the channel. Marking a higher price

• 2 - The price returns to the lower line of the channel, support line.

• 3 - An ascending cycle begins where the price forms an ascending line. The price can make a false breakout and return to the rising trend line

• 4 - The price breaks the channel at the top, the price increases its rise and in a few days it generates a candle with a wick that marks a new high (moment 1).

If you want to see the previous post this is the link

I do this analysis just today because the closing of the candle yesterday was fundamental to indicate that it is not a single PUMP of the price of Hive but an uptrend as I have been analyzing

As we see the daily Hive price candle closes above the resistance line, today the price corrects and does not maintain it, repeating the pattern of the previous cycle.

We are at moment 3 of the bullish pattern

The daily volume was high confirming the interest in the Hive coin in this movement.

What we should expect in the next few days is a correction in the price of Hive that could reach the daily MA line of 20 periods. Leaning the price on the line of Moment 3.

We will continue completing moment 3 to break the resistance line once again definitively (moment 4) and mark a new high at moment 1 of the new cycle.

How far can moment 1 of a new bull cycle go?

In general, the price usually moves in ranges.

If we take the height of the previous range and project it to a possible new range, the price of Hive could reach 1.5 dollars.

What you think?

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
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