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๐Ÿ“ˆ Daily TA: HIVE/USD | 02-10-2021

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@cryptospa
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Hodl, dear members of LeoFinance!

Today I'd like to show you something interesting on the price chart of HIVE.

In the daily chart (1D), HIVE/USD has found support at the 90-day Moving Average (MA 90) and has rebounded: As can be seen from the chart, right now, the price is consolidating at the 30-day Moving Average (MA 30). I think that MA 90 will continue to provide support to HIVE.

Interestingly, in the 4-hour chart (4H), HIVE/USD has formed something similar to a Bullish Flag (common trend continuation pattern): At the moment, the price is testing the upper line of the flag. If a breakout takes place then the uptrend may resume.

To be continued ...

As of the time of writing, one HIVE costs $0,6468 on the Binance crypto exchange, according to TradingView.


A few words about me:

Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.


Important!

Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.


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