Crypto Analysis | Hive on track!

Good day Hiveians!

Join me in analyzing the crypto markets!

 

I think our analysis so far has been right on track

A month ago I made a post in which I used fractal analysis to predict future price movements for several coins. For Hive, the outlook was like this:

If we compare this with current price movements we see a very similar pattern:

More accurately, price movement will most likely follow something like this:

Notice how this line resembles the pattern in the first open triangle. This is what I am basing future price movement on. For this I pulled down the trend lines from the first open triangle and put them in place (with the same relative slope) for our future outlook window. You can see that if this pattern holds, it is not expected to drop under 12 cents on average. Upward spikes could go as far as 14 to 17 cents in the next weeks. The mean, however, should roughly follow the black line.

 

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As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

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