HIVE Hurst Cycle Analysis Shows an Upside Target of $8.70

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·@haejin·
0.000 HBD
HIVE Hurst Cycle Analysis Shows an Upside Target of $8.70
You can visually see how the 2 year cycles (blue) beat rhythmically along HIVE's price action since its genesis. The larger 4 year cycles show that price action has recently placed a mid cycle low (MCL) back in Dec of 2022. Expectation is for the white nominal cycle to peak as a Right Translation where price rises to all time new highs but well past the MCL point. This is bullish because it means most of cycle time will be spent in rising than declining, hence; Right Translated. 

![image.png](https://images.hive.blog/DQmQPd9hH9i13Mzr6FFnyXS6sqr84oqwnXMFaKdNj1W5RqV/image.png)
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