Hive (HIVE / USD) Has Advertising but not a good price support. Why?
hive-181925·@criptoar·
0.000 HBDHive (HIVE / USD) Has Advertising but not a good price support. Why?
Hive (HIVE / USD) We have Advertising but not a good price support. Why? Hive & Steem is being watched by many because they are demonstrating how the price would behave before a separation of chains in a POS system. > Hive's price is still linked to Steem's, the chains will continue to be linked until investors do not sell their tokens from the other chain, there will continue to be price fluctuations, and that may depend on the Power Down and the decisions of the witness votes  Hive had a huge bullish push with the listing on the Huobi exchange > When any alcoins has such a sudden lift and correction motion, it is normal for them to need to build up strength to start a new impulse. If the force is not enough to push it higher, it will continue to correct its price. (this is what should normally happen) Analyzing all the graph we can identify 2 correction curves. Among the pullbacks we find a first bullish momentum ABC. > The reason Hive's price loses support is due to: - The decrease in volume, since there are few buyers, the price continues to decrease seeking strength. - Power Down We are still linked to Steem, why? Powern Down Hive users may be doing Steem Power Down and vice versa. Steem users may be doing a Power down of your accounts' Hive tokens Buy to sell Those who sell HIVE or HDB in bulk may be generating a very short curve flattening or DUMP of the Hive chain depending on the quantity available. If with their sales they buy the other currency, they generate a PUMP, it also cuts. And also in the other sense, those who sell Steem or SBD in bulk are generating a DUMP, very short and if they buy in bulk they generate a PUMP, also very short in HIVE. This process can be verified in the HBD currency, which is a currency that tends to be $ 1 dollars, abrupt changes are due to the massive sales of tokens.  See the graph When can this process end? It depends on the decision of each investor when to sell after Power Down and at what price to sell. But a key date is June 20, 3 months ago, a key date because those who have awarded Power Down may have liquidated most of their position. Other key facts - The price consolidates in the last days the support of $ 0.27 - RSI remains below 42 points, which is not good. (When it was less than 42 points, the price continued correcting) - The volume continues to increase in the last days, but it is not enough to maintain the price. - The price begins to stabilize between the different exchanges. - Hive token sale by Steem users and vice versa  If we analyze the Elliot wave chart, a next correction target would be the Fibonacci retracement of 0.886 > As I said, the price should go up to start a new bullish cycle, if it fails it will continue correcting The minimum price that Hive has reached is 0.09 Today analyzing the graph we see that the price follows a correction movement In previous days it has lost a lateral channel that had formed and allowed a support price. The price is at $ 0.27 and shows in the last hours an increase in the volume above the average, but they are only volume peaks that do not imply for the moment a change in trend That the volume grows is a good indication, it could be indicating that investors or exchange may be buying the Hive currency. But it is still low, but if you can indicate that the price continues lateralizing. > The sale of tokens by Steem users and the domain that Bitcoin is acquiring after Halving may be a factor delaying a possible price recovery over time Continuing to correct the next target would be a retracement of 0.886 fibonacci see Target below Target Down If the price loses the support of the greens, the support and going to $ 0.25 could be forming wave 5 of elliot and going to $ 0.20 Objective 1: Range $ 0.25 Objetive 2: Range $ 0.20 Support price $ 0.09 Rising target In the next few days we could see how the price recovered again the $ 0.30, to continue consolidating the strength for a new bullish cycle. You should re-enter the lateral channel, as shown in the graph > To start a new bullish path, the candles must maintain a good volume with bullish candles or rejection to lower values, create a support price, which is not happening Target 1: $ 0.30 Target 2: $ 0.35 What do you think will follow the correction or will a new upside start or will we have to wait until June to see another bullish cycle? And as I always say ... Vote for the post. Always support good content. Follow me it costs you nothing and you get a Healing Reward with Your Vote  Leave your comment or your vote. Your opinion and participation is important Protect your assets use Stop loss > The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss. We will continue monitoring To be attentive Protect your Investments If the analysis helped you, give your vote with some hive, thanks !! Lately I have noticed that there is no good analysis on hive, everything takes time, I ask that as you read them leave your vote, it is a way to encourage you to continue making more reports, thanks. Feel free to use and share my post or graphics, but please mention, @criptoar as the author. Otherwise, consider plagiarism and I will call you and advise my friends to do the same. READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are. Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment. 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