Hve Panic Sell or Buy?. Don't panic Sell, buy or hold your Hives, I'll explain why.

If you want to sell sell wait for the bullish bounce, do not sell on the floor

At the end of the post I explain possible points of sale

It may be repeating pattern of 2021

Today we will see the Hive chart in these bearish moments of the Alcoins market

As we can see on the daily chart, we already had a fall in 2021, in June 2021 there is a Hive price, important support of 0.16

How an important price support is formed

That support price was formed during 2020 and 2021 where it acted several times as support and resistance.

Until the price of Hive breaks it upwards in February 2021

Has a bullish cycle up to 1 dollar per Hive an 800% increase

Then the correction begins, which is normal after a tremendous rise

And in June 2021 it retests the important support of 0.16 by Hive

As we can see, it acted as important support because the price did not continue to fall

2022

As we can see we are touching an important support of 0.35 by Hive, we could be repeating what happened in 2021

How an important price support is formed

As we see in the chart, after touching 0.16, the price of Hive has a bullish cycle up to 3 dollars, 1700% rise

On the way to the bullish cycle, the 0.36 per Hive acts as support or resistance on several occasions.

Touching and respecting the price of 0.36 validates the price as an important support or resistance

Then the correction begins, which is normal after a tremendous rise

And in May as Today of 2022 it retests the important support of 0.36 by Hive.

It's a good support to buy, hold, but don't panic sell, wait for the bounce.

What can happen?

Hive price will hold or rise if Bitcoin and Ethereum bounce to the upside or sideways in price

Hive Bounce Up

The price of Hive could go up, when Bitcoin does not continue to fall, in the coming weeks, in search of the 600-period daily chart Average line, as it did previously in June 2022.

A good Selling Point if you can't Hive Hold

It should generate an accumulation range at some point the price of Hive

Or you can sell when it touches the 50-period average, at 0.60 per Hive that will drop in the coming days, or sell at the 20-period average at 50 cents per Hive

If you decide to sell I recommend that you do your own analysis but do not sell in Panico

RSI

The RSI on the Daily chart is already oversold one more piece of data to wait for the bullish rebound, which will happen at some point

What is Hive's next bearish support

If Bitcoin continues to break below 0.36 per Hive the next support at 0.27 cents.

My Strategy

I have bought Hive with the HBD that I have bought in Bitrex

My strategy to go buying (small purchases) when the price touches supports

If it goes down to another support I buy a little more and average a lower price

With this I get a lower average price, and in the process I help the Hive community

This is not investment advice, do your own analysis

What do you think?

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