Sell Pressure Easing Off - Hive Reaches $0.43 - Breakout Achieved!

avatar

image.png

The selling has slowed down for the last 6 hours or so, we can see Hive has some good momentum when the selling stops. The question is how long?

For now, we can be confident that 40 US Cents ($0.40 per Hive) is a high volume friction point worth discussion, what have you noticed in the engine over the past day?

Have any of our favorite engine tokens responded with their own moves, or perhaps are they tethered to Hive in a fashion you feel is worth discussion.

Comment Below!

I made the call for a quad bottom yesterday, click here to read that post.

The Quadruple Bottom

image.png

Posted Using LeoFinance Beta



0
0
0.000
18 comments
avatar

It's on the micro move up... It will be awkward if the price of Hive increases as more and more vaccine restrictions are announced worldwide and especially USA

0
0
0.000
avatar

I'm missing the connection?

Posted Using LeoFinance Beta

0
0
0.000
avatar

The price is moving up as New York and the current administration are announcing further restrictions in regards to the vaccines.

0
0
0.000
avatar

Probably not connected but rather signaling investors allocating money elsewhere in anticipation of more Lockdowns... Or most likely just paydays are rolling out and people are just investing into splinterlands

0
0
0.000
avatar

I see hive crosssed the forty cents mark few hours ago and that's good , talking about hive-engine tokens i honestly haven't monitored them much but i can say that game token is actually creating lot of noise and people are talking about it alot.


Posted via proofofbrain.io

0
0
0.000
avatar
(Edited)

I'm sure people with insight will surely invest in hive in a long-term, although the market can be volatile now, its dangerous for short term, but in long-term it is best position.

the signal for market in short term now is the Bitcoin once Bitcoin increases others follow a bit and once it drops excpect a drop in other market too.

this is Bitcoin in H4 chart

Screenshot_20210805-040547_Binance.jpg

this is hive in H4 chart

Screenshot_20210805-040630_Binance.jpg

can you see any similarities

Posted via proofofbrain.io


Posted via proofofbrain.io

0
0
0.000
avatar

image.png

0
0
0.000
avatar

btc is the signal for market now, i bet it

btc now

Screenshot_20210805-101402_Binance.jpg

hive right now

Screenshot_20210805-101333_Binance.jpg

0
0
0.000
avatar

I chose to put buy support at $0.36 in order to be neutral in this volatile market, the return in hive will be satisfying, and then if it pulls down more I can always stoploss.

0
0
0.000
avatar

now you can see the market behaviour.

Bitcoin now

Screenshot_20210805-180300_Binance.jpg

hive now

Screenshot_20210805-180455_Binance.jpg

it's following the steps of Bitcoin its father

0
0
0.000
avatar
(Edited)

Lame, I hate bitcoin tethered currencies.

Good call tho, its true as with most other alts, all tied to BTC.

0
0
0.000
avatar

yes, but solana still resist Bitcoin a little, not much

0
0
0.000
avatar

Blackcoin, Tezos, Zcash are the only coins other than Hive, I know of, that do not tether to Bitcoin at all times.

It's okay for trends to follow BTC, but I would like to see a macro unique to Hive in the long term. It would encourage me to keep more money vested in Hive.

0
0
0.000
avatar

that is very sure that in long-term hive will not follow Bitcoin trend. i stated in one of my comment that Bitcoin is the signal for short term, but in long term the cases is different.

0
0
0.000
avatar

El salvador and world bank are planning to make crypto currency a legal tender.
If its successful,bitcoin will reach over $100k this year.


Posted via proofofbrain.io

0
0
0.000
avatar

I don't think El Salvador's GDP is enough to make a difference unless the government actually buys BTC with Tax dollars, the price won't go up from them mining either. It would take direct capital.

0
0
0.000