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Crypto Analysis | Hive 5-7 cents | Steem 10-12 cents

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TobeTada
@tobetada
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Good day Steemians!

Join me in analyzing the crypto markets!

 

This is just a quick update on price movements for Steem and Hive. As BTC is expected to head to 5.000$ these two coins won't be able to support their current price levels.

For Steem there is some support coming from the 10-12 cents levels as you can see here:

For Hive, however, there is no support and a very big pressure coming from the resistance of the upper trend line. Volume is also very low. Fractal analysis indicates that a price between 5-7 cents is coming up, but is not here to stay. There is a good probability that this will be the bottom price of Hive.

From a long term technical perspective the coming price levels should be great entry points. However, for those who know about the Steem/Tron fiasco it would be prudent not to invest too heavily into Steem.

 

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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