How I am planning to Buy Hive. Technical Analysis
I hate predicting #cryptocurrency price movement, however, this one has real support that we cannot take for granted. This is not financial advice, this post is only meant education purpose only.
As of yesterday, June 22, 2020, the #hive price has volatility movement.
If you take a look at the blue trend line, #hive has its good support at 2500 sats. I place my Limit Buy Order at 2520, 2490, and 2440 sats. We still do not know if it will come down below 2400 sats, however if that happens I will be finding another bottom for #hive price in that situations
Why I am Bullish?
1. According To Technical Analysis Chart Looks Very Strong.
2. Fundamental also very Strong (Hard Fork)
3. 50EMA Working As support
Another thing that needs to take consider is the upcoming community hard fork on #hive. Last time, Huobi announced its plan on supporting #hive it suddenly went moon that no one can ever imagine. This will be the First Community Hard Fork in History after a wealthy investor Justin Sun failed to hostile takeover our community, I consider this as the Big Elephant in the Room.
https://twitter.com/hiveblocks/status/1270971740869529600?s=20
Prior to that, we have now reach more than 20 days accumulation period aside from the Daily chart holding 21MA support now. It's not pumping since its last hard pump, I bet you don't want to kick yourself again this time around.
