Is Hive going to Break out of an Ascending Triangle?
Hive is currently trading at more than 3x from the price it was at few months ago. Above is a 1hr candle stick chart of hive-usdt pair on binance. Interesting thing is that within last 30 days hive has tested 40+ cents level multiple time. Three major spikes can be seen crossing 40 cents, but that's where the bears comes in & is resistant level of hive.
Interesting thing is hive is having higher buys & same sells approximately. Which forms an ascending triangle. We are quickly approaching to the breakout point where there are higher chance of hive to break on higher side because of the trend. But anything is possible & I'm not a financial advisor. Before investing any money, do your own research.
Currently hive is not in a full bullish trend. But it seems hive is approaching a full bull trend by every second passing. If we see the moving averages, medium term MA just crossed long term MA a few days ago. If this keeps on continuing, soon long-term MA will also be pointing upwards & when they all align in same direction, that is the trend.
Do you also believe that hive will break out towards higher side? or we will see a strong resistance breaking that wall/triangle?
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Absolutely Hive will because it is an undervalued yet extremely important asset. With all the demand for LEO and CUB, Hive is not far behind. Even CUB is going up again, $5.435 today. Getting more HIVE is never a bad idea.
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Absolutely. With the developments going on here, it is inevitable. At current price we entered top 200 coinmarketcap list. Hive needs to maintain it there for a while or go higher to get noticed.
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Возможно это случиться намного быстрее, чем мы думаем.
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We hope it Does. Fingers crossed. :)
Didn't notice that one. Thanks for pointing it out!
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Thanks