Shout out to Elliott with the wave.
We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
We see a correction wave from the sharp increase at the beginning of price action history. Since then, we have been consolidating in an ascending wedge pattern (as step one of our new impulse wave). We may have now entered step 2 and are impending step 3.
Trade active:
RUNNING
Comment:
We are at a strong previous S/R @ $2.50. Bullish pressure will continue as BTC and ETH continue running. Good load up area before next leg up!
Trade closed: target reached:
Congratluations my HODLers. As we peeked past previous all-time high, I closed my position. HIVE itself is a strong blockchain company with a diverse crypto portfolio and will continue to appreciate as crypto continues its bullrun, acting as a proxy for ETH. Caution should be exercised due to the added element of market volatility, resulting in imbalanced moves between ETH and HIVE. Further caution to any new entrants in this stock - a 20x from $.30 is not a guarantee of another 20x move from current levels. Despite that, blockchain technology is becoming increasingly accepted and their expansion projects poise them to be a leading miner in the future. I wish you all the best. Happy trading!
