Let's Beat The Odds: Hive Selling Target Raised

1 day ago

Time For an Update

Last week I had the idea to try to turn 1k Hive into 10k. The idea is simple: Hive often pumps and dumps, so why not take advantage of that? I have argued that Hive is now seeing more strength again, so I think we can prepare for more volatility in the coming weeks. It is also January which historically has been a good month for Hive.

New Targets

Hive is about to break out of the resistance from a year long trend line. If crypto sentiment stays bullish I think there is a good chance for that to happen. The price threshold for that is at around 12 cents. Should it cross and get confirmed, the next stop is...?

... at around 19-20 cents. Three reasons for that:

when we look back at November of 2024, Hive had some big daily candles with one being 60% (!)
the wicks coming from the previous months could signal the top for the coming wick (see thin red line)
Finally, there is a larger resistance coming from the previous lows made in 2025 (thick red line)

All of this converges at around 19-20 cents.

A close up reveals this picture:

I would expect a breakout once 12 cents is crossed going to the high teens. My new sell targets are at 17 and 19 cents. Price is likely going to revisit the low teens after that, although there is a chance in which it could stay a bit higher as well if the crypto markets stay green.

As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!