HIVE setting up for the next leg up, and a new exchange listing?
HIVE looks primed and ready to roll, plus it looks like it got another Exchange listing...
After running to a dollar several weeks back, HIVE has been consolidating the gains ever since.
As I type, it is trading for $.32 after finding support in the low $.30's (.000033 BTC) over the past couple weeks.
The selling appears to be slowing and it may finally be ready for its next move up.
Check out the daily chart:
(Source: https://bittrex.com/Market/Index?MarketName=BTC-HIVE)
As you can see, each wave of selling seems to have less power than the previous wave.
The price is flattening out and starting to go sideways in the low $.30's support area.
Interestingly enough, this area marked the highs before HIVE went on that parabolic run to a dollar.
Coincidence?
I think not...
HIVE about to get a new exchange listing?
Interestingly enough, the chart seems to be setting up right about the time it is seeing a new exchange listing...
At least according to a Twitter contest put on by Sequoir a couple weeks back where they asked for input on their next exchange listing.
As you might be able to guess, who do you think won that poll by the way?
Yep, you guessed it...
(Source: https://twitter.com/sequoirx/status/1257581184755748867)
Our beloved HIVE.
Looking at their website, it doesn't appear that HIVE has been listed as of yet, though admittedly I have not signed up for an account.
Their website can be seen here btw:
Where there's smoke there's fire...
What makes me think that they are going to announce the HIVE listing in the very near future has to do with the most recent post put out by the @hiveio account.
It's a post about an AMA with the founders of the Sequoir exchange, which is set to take place tomorrow evening...
Is it any coinincidence that the chart is starting to show some life right about the time a new exchange listing is about to happen?
Honestly, it really might be.
This isn't an exchange on the same level as Huobi or Binance, in fact it's not a centralized exchange at all.
However, as the selling looks to finally be over, it won't take much good news to start pushing the price north again.
I'm not sure about you, but I'm ready for our next leg up.
Stay informed my friends.
-Doc
