Crypto Analysis | Hive: So far on Track

Good day Hiveians!

Join me in analyzing the crypto markets!

 

We have been tracking the price movement of Hive for some time and so far it is looking like we are right on track for the "Hive 10-11 cents and a sustainable rebound" which I have argued for some weeks back. Let's have another look at the charts from back then

Notice the ovals which point to the according fractal. This is the chart from today:

I have again highlighted the fractal which act as the blue print for future price development (the one on the left loosely predicts the price movement on the right one). Notice the last big drop before price rebounded again. This is, I believe, where we are sitting currently as well.

From then on, I would expect a price movement something like this:

Of course fractal analysis should be never interpreted deterministically. It is always about probabilities. Fractals also change and they never reoccur in the exact same way. Therefore, this outlook will also not be a perfect match; but I think it has a fairy high probability of playing out. It is also unclear what could happen beyond this time frame; I expect either a strong upwards price movement to about 30-50 cents or a continuation of further price decline (which I think is less likely). Bitcoin looks strong to tie or break with its former high very soon and this no doubt will translate in Hive's price movement as well.

 

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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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