$2.67 per HIVE seems achievable
From time to time I like to make medium/long-term projections of market potential using the classic Elliot Wave relationships.
In the case of BITCOIN, the projections have already been discussed at length and even I myself have my bet on it, I still think that $ 100,000 is the ceiling of the present Bull Run, however, I have not said where I see HIVE in the near future.
Hive's performance today is excellent, despite the ups and downs of the market, I see it quite established at $0.75 and, in my opinion, it has outlined a nice triangle in which I hope it is a wave 4 that break up to form a fifth wave.
If we look at the daily Chart, we can identify a first wave ("I" in black Romans), which reached $1 at the end of March 2021, collapsing, or correcting, below $0.17 in mid-June ("II "in Black Romans).
That last date was our last chance to buy HIVE at a discount, from then on, HIVE has been rising consistently.
As you can see in the chart, we are then in the formation of wave "III" in black Romans, and within this wave, inside the sub-wave 4 (in green)... with which, we are missing a fifth green to finish forming the "III" in Black Romans.
Based on the "Classical Relations between Waves", wave "III" in black Romans should have a relationship to wave "I" of at least 1,618 FIBO in length. Which leads us to finalize the "III" towards $1.7, at least ...
(Source)
If, as the historical data of the relationship between waves say, the second FIBO (2.168) is reached, the price of HIVE would be $2.67.
The best of all is that our projection will not remain there, we have wave "IV" in corrective black Romans, and a wave "V" to end the upward cycle.
Being conservative, a value of HIVE between $1.7 and $2.67 seems quite achievable and realistic for a third Wave, however an extensive "V" could drive the price much higher... We have to be ready for this too.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
https://twitter.com/thecryptorunner/status/1439276586826600453
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I agree. It is a very feasible level. I am not sure how long until the run will start. We are consolidating at the mid 70s level which is healthy.
Hopefully we see a couple of the major developments roll out in the next couple months. That will really give Hive a shot in the arm.
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$0.75 seems like made of concrete. I bet the mobile app for Leofinance will be a splasher.
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Am very okay with that. Am also quite okay with us consolidating at this value for some time and giving us an even greater sense of stability
this is music to my ears , figuratively speaking :)
That would be pretty awesome!
You are an expert in this and I believe you.
Yet, for the time I am taking the dividends out every Monday night by converting liquid $HIVE and $HBD to $BTC
!BEER
You are doing fine, I'm getting profits regularly as well
!LUV
<><
@ervin-lemark, you've been given LUV from @toofasteddie.
Check the LUV in your H-E wallet. (1/1)
You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)
You need to stake more BEER (24 staked BEER allows you to call BEER one time per day)
I think the higher Bitcoin will go and the higher Hive.
I agree that in an intermediate stop of bitcoin at 80,000 Hive could reach 2.6 dollars
Hive repeats cycles of movements, I have already made articles on that topic, I will update them soon
I have to go for a walk several km through the forests and lakes or else I would show you
I will do it when I return
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You bet I am. I've been ready since 2018. When STEEM was over $5 I could only look at other users scoring hundreds of dollars per post while mine were... basically cents. After almost four years I have the chance to live a full swing bull market and probably have my first over $100 post. We've been for this for so long and we deserve it.
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View or trade
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