Where is HIVE headed!

about 3 years ago

This is gonna be a very tiny article about hive! If you are into writing and publishing online then you probably have heard about HIVE.

I'm not going to go into details about Hive platform but instead I'll go straight to Technical Analysis.

Hive has a marketcap of $118,459,362 and it's price has woken up and finally is moving.

An interesting fact!

Even though #Leofinance has a market cap of $4,220,693.62 (which when I joined #Leo was roughly 1M) and it is build on #Hive it's price went as high as 0.7$ while Hives price went roughly 0.32$. This proves that you shouldn't actually worry about your coins price as much as you should about what your platform is giving. @Leofinance is proving that they are doing a far more better work though. This is not a compare in any way, neither I'm sh%$ing on Hive here. I'm just appreciating the the work of one platform and discussing the price of the other.

Let's have a look on the charts!

Price found a good support above 0.19 which gave HIVE a quite nice push reaching 0.4288 area.
It seems that after that bullish run price had to drop back a bit to get some more buyers, and it seems that 0.27 area gave us what we wanted. Today alone price experienced a +7% change, which is a nice start.

Dropping down at 1h TF, I'm still not convinced that we are going to go much higher. I think that Hive's price will range inside 0.28 and 0.42 for some time.

What do I expect in the long term?

My bias is bullish! But if this weekly candle closes like this I think we would drop a little bit lower before we go any higher. We might see Hive's price reach 0.55 this year.
To be honest, I don't expect it will go any higher that that this year.