Greetings to all readers of this great platform, especially to those who makes life in the great community of #LeoFinance, in the present opportunity I want to share with you information about the cryptomarket, especially with the HIVE token, which again again makes a big jump in its price since yesterday, tempting with it to consolidate a new zone of its price, or prevent the BTC from dragging it with great force if the new correction comes.
 Screenshot taken at: Binance |
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It is a reality that the cryptomarket, again is in an area that is quite risky, mainly because of the great resistance faced by the BTC at 24k of its value, besides having a negative slope in terms of its market direction in longer timeframes, as in the 1-day and weekly, which continue to point to a bearish scenario and possible correction in the market, so it is important to be forewarned day by day with respect to the market.
On the other hand, the HIVE being the token that I always follow very closely in the crypto market, on several occasions has had this behavior that challenges the behavior of BTC, mainly when there is more risk of a possible correction it seeks to increase its price to protect itself from the violent fall of the market and thereby consolidate higher areas in the market, or that is the actions it has taken in 4 opportunities since a little over a month ago.
Yesterday, the behavior was repeated again and with overwhelming force, with one of the strongest rises in recent times as far as this currency is concerned, as its price rose a little more than 80% in just 8 hours, surprising all and sundry with this behavior, because taking this action without notice is not a natural behavior and can generate some instability in that area for the currency.
This means that we may be facing an unconsolidated area for the price of the token, and with the volatility of the same that the way it went up, it can also go down looking for the starting price of this great run in its price again, so I consider it is a really unfavorable time to invest, the ideal is to wait for the development of the token before generating any purchase action, and to have sold in any of the price peaks that it made.
