FVG has been tested, a good rejection can be expected (HIVE)

in LeoFinance16 hours ago

Hive is at its strong support and has also filled the FVG. According to price action, Hive has touched its lower level and now it's possible that #Hive will continue its bullish momentum from here and its price will touch the $0.58 mark.

My analysis is based on price action, FVG, volumes, and demand/supply. I discuss my analysis and possible trades based on these four factors.

I have noted that most of the time my trades hit their target perfectly and have a high win percentage, but sometimes trades don't go as planned. If we talk about the daily time frame, Hive's price is at its support level and has also filled the FVG.

It has met the conditions based on time lapse and now there's a strong indication towards $0.58. If this demand and FVG hold, it will test the $0.58 mark in a very short time.

Keep in mind that volume is extremely important. We saw that Hive's volume was at 230M but now it's decreasing. Good volume is very important for Hive's bullish momentum.

Now, if we talk about the current situation, its volume is at 30M, which is very low. If this volume or more than this holds, we can get good support at this level and it will check its resistance level.

In case it doesn't hold this FVG, its next support level is $0.42, where we can get rejection again. If we talk about the weekly time frame, it's at its support level and has a good grip. There's one day left for candle closing, and if it closes above $0.4949, it can be a perfect trade and the target I mentioned can be hit.

For those who want to trade Hive or swing trade, it's extremely important to remember some support and resistance levels. Two good support levels can give Hive a good rebounce. Hive's current price is $0.49, and its next support level is at $0.42.

Similarly, there are two resistance levels, $0.58 and $0.68. A good volume breakout can happen, and if it breaks these resistance levels, the next stop is $1.

FVG has been tested, a good rejection can be expected (HIVE).png

Original Content In Roman Urdu, Translated using ChatGPT

hive apni strong support per hai orr saath he mei FVG be fill kar chuki hai. price action kay hisaab se hive ne apni lower level touch kar li hai orr ab imkaan hai keh #hive yaha se dobara bullish momentum continue karay orr iski price $0.58 ki mark ko touch karay.

Meri analysis aisa hai keh mei price action, FVG, volumes and demand/supply per inhasar karta houn. Inn charo ki mila kar apni analysis or mumkin trades kay baray mei baat cheet karta hou.

Mene note kiya hai keh ziada tar oqat meri trade perfect apni target ho hit kar jati hai or win percentage ziada hai lekin baaz oqat aisay hai jb trade khabar hojati hai.

agar daily time frame kay hisaab se baat karu toh hive ki qeemat apni support level per hai orr saath hei mei FVG fill ho chuki hai. Time lapse ki bunyad per apni condition ko meet kar chuki hai orr ab strong indication $0.58 ki janib hai.

agar yeh demand and FVG hold karti hai toh bohot kum mudath mei $0.58 mark test karay gi. Yaad rakay keh volume ka hona nihayat he zaroori hai. Hum ne deka keh hive ki volume 230M per ti lekin abb kum hoti ja rahi hai.

Achi volume ka hona hive ki bullish momentum kay liye bohot he zaroori hai. Abb ki agar baat karu toh iski volume 30M per hai jo kaafi had tak kum ho chuki hai.

Yehi volume ya agar iss se ziada hota hai toh confirm achi support iss level se mil sakti hai orr apni resistance level ko check karay gi.

In case, agar iss FVG se hold nahi karti toh iski agli support $0.42 level hai jaha aik martaba phir rejection mil sakti hai.

Weekly time frame ki agar baat karu toh apni support per hai orr aik achi grip le rahi hai. 1 din baaqi hai candle closing kay liye orr agar $0.4949 kay ooper closing deti hai toh perfect trade hosakti hai or jo target mene bataye hai wo hit ho sakti hai.

Abbi kay liye jo hive trade karna chahtay hai ya swing trade karna chahtay hai, un kay liye kuch support or resistance levels ka yaad rakna nihayat zaroori hai.

2 achay support hive ko achi rebounce de sakti hai. Hive ki current price $0.49 and agli support jo $0.42 per hai. Issi tarah 2 resistance levels b hai $0.58 and $0.68. Achi volume breakout desakti hai orr agar in resistance ko breakout karti hai toh agli stop $1 hai.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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