Posts

HIVE on the Move - Should we Take Notice?

avatar of @forexbrokr
25
forexbrokr.
@forexbrokr
·
·
0 views
·
1 min read

Direct from the desk of Dane Williams.



Did you guys notice that HIVE was ripping yesterday?

Take a look at the daily chart below.

HIVE/USD Daily:

Wait... That is the rip?

I guess it beats the bearish, HIVE descending triangle break that we highlighted the last time that we spoke about HIVE.

While bullish price action is obviously nice, I'm not taking a whole lot of notice myself.

HIVE and STEEM

Right now for me, price action doesn't mean a whole lot from a longer term investment in the platform perspective. I mean with the price of HIVE still tracking STEEM, there's obviously bigger factors at play here.

There's just no way that a free, healthy market would price STEEM at the same price as HIVE. Especially with Steemit beginning a 3 week powerdown to obviously dump on whoever stuck around.

For this reason, I'm just happy to keep stacking and establishing myself as a part of the growing HIVE and LeoFinnce communities.

Best of probabilities to you,

Dane.



FOREX BROKR | Hive Blog Higher time frame market analysis.

Posted Using LeoFinance