Cup & Handle Formation Still At Play For Hive? Down 53% From ATH

Hive tanked along with most altcoins when Bitcoin started to plummet during the weekend and so far, Hive has been down 53% at most where the low has been $0.563 and is currently around $0.563. Here is the daily chart:

Comment: The worst case scenario is probably that Hive will go down to the 200 day moving average around $0.48 but this area around $0.60 could very well be the bottom area. If so, we could expect a move back to the current ATH in the beginning of October and then complete the Cup & Handle formation and break out with a powerful eruption and going for a much higher ATH later this fall.

Happy investing/trading!