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๐Ÿ“ˆ Daily TA: HIVE/USD | 06-11-2021

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cryptospa
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Hodl, dear members of LeoFinance!

Today, I would like to comment on the price chart of our beloved cryptocurrency HIVE.

Let me remind you, that in the weekly chart (1W), HIVE/USD has formed a Cup and Handle (C&P) - a typical bullish pattern: Right now, the price is consolidating at the upper line of the C&P.

In the daily chart (1D), there is another Cup and Handle as well: The price is also consolidating the upper line of this C&P.

So, if HIVE/USD overcomes the resistance in the upper part of these C&Ps then the long-awaited uptrend will start. And, to be honest, I think that this is just a matter of time.

To be continued ...

As of the time of writing, one HIVE costs $0,8161 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.

Check @crypto-guides to learn about the essentials of the major cryptocurrencies.

Join the crypto exchange Binance: https://www.binance.com/en/register?ref=28017531 Join the crypto exchange Bittrex: https://bittrex.com/Account/Register?referralCode=3GB-QAJ-BMW

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