Hello traders and watchers....
Hive seem to have arrived to it's bottom for the month of MAY. As you may possibly notice a resistance that is somehow being protective out in that price but even after that it seemed to be broken down. While for a moment I thought we might see a come back from that lowest but I am having different thoughts right now.
Even though the volume of trades in HIVE-USD pair is quite low, I tend to keep an eye on that sometimes. For some time I have been buying slowly as the price was decreasing from it's range of 45 cent. But every-time a spike happens the gravity seemed to be pullling it down somehow and surprisingly the volume increases as soon as the price increases a little (ahm ahm manipulation).
But either way it is tough to say what could possibly happen to the market right now. As we are noticing some some price of BTC shoveling around 10k for some time.
I did not wanted to take any sort of risk, so just shoved my USD to Hive. I do try to keep some liquid for times like this where somehow an opportunity might come and I get to buy back in with some more profits. Now I am not aware, neither it is a financial advice, I am just following my guts. But either way time will probably tell what is going to happen.
At current market price it is about 30 cents. Looking forward to what happens tomorrow. This seems to be a very crucial time to what to actually do. As deciding to keep an asset liquid or to wait a little longer to see whether your favorite crypto goes down and you want to get some more. I can not stay awake for 24 hours straight for the next few days or else would have got the lowest by sticking to the screen of the monitor. So this is it for me. While if it gets little more lower than probably I will get some more if I have some liquid. Fingers crossed to that.
Stay safe in Corona situation everyone!!
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