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HIVE is at an Interesting Point - Chart Analysis

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@captaincryptic
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I was looking to exchange some crypto into Hive today and was looking at the chart. A couple of things came to mind.

First, I know HIVE hasn't exploded like Bitcoin and Etherium have. But it is up nearly 20 to 30% off its recent lows. That is a pretty decent bump up but I think because it wasn't too long ago that HIVE was in $0.20 range people aren't appreciating the move up wards as much.

Second, HIVE seems to be at a deciding point. Will it push up and reach for $0.15 or will it drop back down and plumb the 0.11. If HIVE does retest its bottom that will not be a good sign for HIVE prices and holders may begin to question where a new bottom might hold.

I could see HIVE continuing to move upward in the short term especially if the market continues to see strong movement up. At some point I believe holders of Bitcoin and Etherium will look to take profits and may start looking for some bargains in the alt stocks and I think HIVE is one of the bigger bargains out there.

Leave a comment and let me know your thoughts on where HIVE is headed next!

The Crypto Oracle

DISCLAIMER: This post is just my opinion, I am not a financial advisor. Do your own due diligence. All investments include risks. Do not invest money you can't afford to lose.

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