$Hive breakout? Where is it going?

Hey all, It's our fav coin!

I'm going to watch this only, not trading this, and I'll be holding on to my small bag here as of now, and I may add some small amount of Hive as well later on, once I have some free cash lying around.

I'll be sharing charts of what #hive can possibly do, what are the critical points to watch out for:

Overall bias on $Hive: Bullish/Neutral

Hive/BTC 1h

Chart:

Link to the image: https://www.tradingview.com/x/cA9ylh8a/ (I'll be sharing link to the images as well, from now on, since some of the images were not clear after zooming)

Overall Bias: Bullish Critical zones have been marked on chart!

Points to note:

Confirmed double bottom
Broke above the Moving averages
RSI broke out as well
Broke above the ranging channel on 1H. (chart below):

Link: https://www.tradingview.com/x/VTYsM8JM/

Hive/Btc 4H

Chart:

Link: https://www.tradingview.com/x/XkxgbeDw/

Overall Bias: Bullish Critical zones have been marked on chart!

Points to note:

Breaking above the MAs,
Supertrend just gave a bullish signal (though I'd recommend watching this for sometime, to avoid false positives)

My take: We can target 3100-ish range to see the reaction around that zone. (Above that, it will signal a trend change.)

I will cover a detailed long term analysis soon, comparing with the old steem price action later on Stay tuned! :D

Gif credits: @doze

Follow me on Twitter: https://www.twitter.com/behivetrader Stay tune for more updates :D

Posted Using LeoFinance