Upgrading HIVE to a Strong Buy

HIVE continues to follow a somewhat predictable pattern. You can see over my past 2 posts about trading HIVE that there is a general trend you can follow.

In the last post, I said to wait for HIVE to cool off before buying. Targeting a range of around 2200 SATs.

We saw a major rally in the price of HIVE, but it didn't last that long. As usual, HIVE has wildly volatile swings in price and predictably retreats to a previous range of support/resistance.

Hive continues to be one of my favorite cryptocurrencies to trade for this reason. It is reasonably predictable which makes it unique in a lot of different ways. Other cryptos like LINK are less so unique because they can start running and won't look back for longer than you'd expect.

My initial buys around 2200 SATs have already filled. I'm now targeting the next level at 2100 SATs (which will likely get filled soon) and then around 1950-2k SATs is where my buys will get heavy-handed. HIVE has this very predictable pattern of testing this support and bouncing off of it back up to 2200-2400.

Time will tell if this predictable pattern continues to be predictable. Of course, moves in BTC often throw some added unpredictability into the mix.

Targets:

• Buy at 2200 SATs (already filled)
• Buy at 2100 SATs (waiting for a fill)
• Heavy Buys at 1950-2000 (waiting for fills)

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