Another breakout. Looking very bullish.
In a bull run if we can follow bitcoin movement and take advantage of the breakouts, then chances are we get some good returns.
Any other breakouts anyone?
This is a pattern ive noticed across charts using this indicator 'Gaussian Channel'
The channel will turn red briefly on timeframes like this weekly one and then face a sharp reversal in price, also reversing the indicator red state, pushing it back to green
Potential for very bullish results
On lower timeframes an up trend can be seen also for this coin
Hive (HIVEUSD) has been trading within a Channel Down ever since its November 26 2021 market top. Despite the impressive rise of the past two days, it not only remains within the Channel but also is getting rejected on today's candle on the Resistance formed of the June 07 High.
The last time we saw a similar rejection pattern was on April 02 and that rejection...
hive.blog the hive blockchain is trading under a dollar. have you ever used hive? it's fast as all get out and practcially free. you choose your address, for example my address is: allthemoneys . Its a social media ecosystem with video, audio, photos, microbloggins, nfts, defi, etc... now if i could just figure out how to post this video there...
oh, i'm...
HIVE is doing what is suppose to do, It did bounce from the low of 0.545, get rejected at 0.67...Consolidations is continue till the end of the triangle until it get squeezed and booom,,,,, We should expect in the next 3 days upwards towards $1.35 That's 115% up MASSIVE... Also patience is needed...
Trade at your own risk...
Another coin that I was after is the HIVE coin, it's now toasted with RSI at very low and near the end of the consolidations withing that ascending triangle. I expect a huge breakouts to about $1.00
Trade at your own risk.
Hive just broke out of a diamond that also happened to complete an inverted head and shoulders.
It doesn't matter which pattern I take the measurement off, it's looking at ..
Happy trading.
Constructive criticisms and critiques welcome
